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  • Amazon Has the Worst-Looking Chart on the Planet
    Business
    The Street6 hours ago

    Amazon Has the Worst-Looking Chart on the Planet

    From a technical perspective, there isn't a whole lot more that could be going wrong on the Amazon (AMZN) weekly chart. A cluster of bearish indications in time and price have weighed on the stock the last several months. Key support in the $950 area is breaking down at this point in the Monday session. That could trigger an intermediate-term move that could take the stock down 20% from its July high. Let's catalog the technical damage and look for potential areas of support on the downside.   View Chart » View in New Window » Amazon had been trading in a rising triangle pattern for the last two years and last week a bearish engulfing candle formed that broke the triangle uptrend line on a closing

  • Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil
    Business
    Bloomberg10 hours ago

    Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil

    The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the U.S. for 12 years and have a market value of about $3.3 trillion at current prices for West Texas Intermediate oil, the domestic benchmark. “The Permian Basin is America’s super basin in terms of its oil and gas production history and for operators it presents a significant variety of stacked targets that are profitable at today’s oil prices,” Prithiraj Chungkham, director of unconventional resources for IHS, said in the statement.

  • The most sought-after job in America pays $110,000 a year — if you have this skill
    Business
    MarketWatch11 hours ago

    The most sought-after job in America pays $110,000 a year — if you have this skill

    As companies try to understand consumer behavior, data scientists are in high demand. Boasting a median base salary of $110,000 and a job-satisfaction score of 4.4 out of 5, data scientist was ranked No. 1 on the “Best Jobs in America” list in 2016 and 2017 based on the number of job openings, salary and overall job satisfaction. It was followed by devops engineers ($110,000 a year) — which combines development, testing and operations — data engineers ($106,000 a year), tax managers ($110,000 a year) and analytics managers ($112,000 a year). And the No. 1 skill most in demand for data scientists? The programming language Python (sought after in 72% of Glassdoor job postings), followed by R (64%),