Crude Oil Price Forecast: Multiple Bullish Patterns Support Breakout Case
Consolidation Continues Above 50-Day MA
On Thursday, gold again consolidated within a relatively tight range around support of the 50-Day MA. That line was reclaimed on Monday and gold closed above the 50-Day line each day this week. That is a sign of strength, indicating the potential for an upside continuation.
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Read MoreGoodbye Mr. Nice Guy? Investors dump Tesla on bet Trump may lash out at Musk through his car company
By BERNARD CONDON
Investors bought hundreds of billions of dollars of Tesla stock after Donald Trump was elected on a bet that politics were more important that profits.
In three hours Thursday, they learned yet again how dangerous that gamble could be.
Shares of Elon Musk’s electric vehicle maker plunged more than 14% in a stunning wipeout as investors dumped holdings amid a bitter war of words between the president and the world’s richest man.
Read MoreUS stocks slump as Tesla shares tank on Trump-Musk row
WASHINGTON – Wall Street stocks tumbled on June 5 as a row between US President Donald Trump and Tesla boss Elon Musk erupted – with the electric vehicle firm’s share price tumbling around 14 per cent.
The Dow Jones Industrial Average slumped 0.3 per cent to 42,319.74 and the broad-based S&P 500 Index lost 0.5 per cent to 5,939.30.
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Read MoreMortgage rates ease for the first time in a month
Mortgage rates fell slightly this week for the first time in a month as the Treasury yields that underpin them also fell.
The average 30-year mortgage rate was 6.85% this week through Wednesday, from 6.89% a week earlier, according to Freddie Mac data. The average 15-year mortgage rate was 5.99%,
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Read MoreMay’s most shorted stocks include tech, consumers, and the S&P 500
The S&P 500 makes the list of most shorted stocks and ETFs for the second straight month.
In the first quarter, the economy sputtered, with the gross domestic product (GDP) decreasing by 0.3%. Since then, the economy has been hit with higher tariffs and the uncertainty of where Trump’s tariffs go from here.
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Read MoreThe Burst
The Market Just Flashed a Rare Signal
Buying great companies regularly and keeping a cool head has proven to be a time-tested winning formula in the markets.
That said, every now and then, it’s worth paying attention when a technical signal with a track record like this flashes green.
Last week, the market delivered something truly rare: the triggering of the Zweig Breadth Thrust.
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Read MoreThe Ivy
Wall Street’s Favorite Sleeper in the AI Infrastructure Boom?
Data streaming might sound like a back-office technology, the kind of thing only engineers care about, but it’s quickly becoming a foundational pillar of the digital world. And while most investors are busy chasing flashy AI stocks, one lesser-known name sits quietly at the heart of this infrastructure shift, Confluent (NASDAQ: CFLT).
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Read MoreThe Spotlight
3 Safe-Haven Stocks to Buy Now as the Market Sells Off
With the S&P 500 now in correction and stocks selling off quickly, investors are understandably looking for safe-haven stocks to preserve their capital and keep their portfolios guarded from potentially turbulent market conditions ahead.
Luckily, there are still several companies that could offer some degree of security. Among the safest stocks to buy now for both current security and potential long-term returns are Abbott Labs,
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