Last week, the financial markets were rocked by a mixture of economic, political and geopolitical events, often triggered two-sided responses, but most of all signaling the return of volatility. While some traders attribute the volatility to the aforementioned events, others blame the wild price swings on the trading conditions due to summer vacation. While it … Continue reading Economic, Political, Geopolitical Events Contribute to Wild Price Swings
Dow Jones 30 The Dow Jones 30 had a volatile week, as we broke above the 22,000 level, but then turned around to form a somewhat neutral candle. This is a market that needs to pull back to pick up a little bit of bullish pressure, perhaps near the 21,500 level. If we can break … Continue reading Dow Jones 30 and NASDAQ 100 forecast for the week of August 21, 2017, Technical Analysis
Many analysts are bearish on Advanced Micro Devices (AMD), as its earnings growth was largely driven by the cryptocurrency growth instead of Ryzen 7 and 5 CPUs (central processing units).