Last week we had one of the better jobs reports in recent memory with 313,000 new jobs in February in the United States. More important was the reaction as traders overlooked the potential for rates to rise. It was likely a given already as Powell warned they would do so. Nevertheless, the long bond maintained the low and the relief for longer-term rates has sustained since Feb. 21.
With the movie "Trading Places" celebrating 30 years this year and the upcoming launch of our own video and movie player, Alpha TV, we looked back at our list of Top Trading Movies. We took a crack at this last year, but here are our revised and expanded choices.
Rex Tillerson out as secretary of state, inflation is stable and OPEC cuts will remain in place, a bullish American Petroleum Institute report... Crude oil prices had some wild swings yesterday as the market whipsawed from one headline to the other. Oil was modestly higher but plunged after a report that Iran was thinking to raise output to pay off some Chinese investors.
The world of technical analysis is complex, but with a working knowledge can be applied to virtually any market. Here we introduce you to 10 important rules of technical trading first described by technical trading legend John J. Murphy.