Daily Market Commentary: Low Volume Gains
While volume was uninspiring it was a good day for markets as they closed at their highs. The S&P managed to slip past converged 20-day and 50-day MAs on the back of a fresh MACD 'buy' - a respectable finish to the day.

Category: Technical Analysis Tags:
Daily Market Commentary: Buyers Storm The Gates
A day when buyers took over the reins and didn't look back all the way to the market close. The only speed wobble was the light volume in the markets for an almost 3% gain on the day. For the S&P there was even a nascent 'buy' signal in the CCI.

Category: Technical Analysis Tags:
Daily Market Commentary: Semiconductors Crack as Markets Pause
In the end it was a clean break; semiconductors gave up nearly 2% and the last hope for a bull trap went away. The nascent CCI 'buy' signal disappeared with the losses - it's looking ugly for the semiconductor index

Category: Technical Analysis Tags:
Daily Market Commentary: Semiconductors Pile On The Pressure
Selling in the semiconductor index dominated the day as any hope for a bull trap (and therefore an opportunity to prevent similar breakdowns in the Nasdaq and Nasdaq 100) rapidly turned to smoke. The semiconductor index is going to need at least a 14 point gain (4%+) to give bulls any chance of making a stand. Even then, the 20-day and 50-day MA are available to add supply to the market. Note the sharp drop in relative strength to Nasdaq 100 once the 200-day MA broke. The tentative bullish technical development in the CCI is likely to disappear on another day of selling.

Category: Technical Analysis Tags:
Why Investors Need to Look at Africa Right Now
Africa has had many false dawns. So there are good reasons to be skeptical of yet another rising sun, full of promise. But this dawn has been a long time in the making and has different foundations than before. Already, we’re seeing some amazing changes.

Category: Commodities Tags:
Drilling down on the Markets
Insight on currencies and commodities, with Boris Schlossberg, GFT Forex, and Peter Beutel, Cameron Hanover.
Weekly Market Commentary: Market Not Oversold
No surprise to see markets ease lower but there has yet to be a clear drop into oversold conditions.
The S&P does have the early makings of a bullish divergence in the MACD histogram although I'm not convinced the 61.8% Fib retracement will act as support for a second time; look to the 50% mark at 951.70 for buyers.

Category: Technical Analysis Tags:
GDP Report Shows Anemic Growth
Traders are reacting to this morning’s adjusted GDP report which shows slower growth than originally reported…
Gross domestic product, the value of all goods and services produced, rose at an annualized seasonally adjusted rate of 1.6% from April to June, the Commerce Department said Friday…

Category: Fundamental Analysis Tags:
Bernanke Speech to Impact Dollar
Source: ForexYardBernanke Speech to Impact Dollar
The US Prelim GDP, to be released at 12:30 GMT, is the primary publication today that is set to determine the level of the US dollar. The other main release that are is to dominate forex trading, especially for currencies, is the publication of the British Revised GDP at 8:30 GMT. Traders are also advised to follow Fed Chairman Bernanke's speech at 14:00 GMT.

Category: Fundamental Analysis Tags:
Daily Market Commentary: Pressures on Semiconductors
Thanks to Newark Air Traffic Control it has taken 3 days to return from the US, so here is a belated market review for Thursday. While overall market action has kept with range-bound trading, semiconductors have succumbed to selling pressure, breaking the July anchor support (which is support for the Nasdaq and Nasdaq 100) as the Russell 2000 (Small Caps) also feels the heat.

Category: Technical Analysis Tags:
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