After ending August on a gloomy note the market has started September with a bang after all major indices were up close to 3%. The NASDAQ had a strong accumulation day as tech stocks lead the way while the S&P 500 and Dow both traded about average volume. So after testing 1040 support three times the S&P 500 today surged higher and closed right at its 50 day moving average...
The rally that began on July 6th has continued to move up but on terribly low volume. Technically speaking we are setting up for a heavy reversal back to the downside; realistically though irrationality continues to dominate. ...
Governor of the Central Bank of Nigeria, Mr. Sanusi Lamido Sanusi, on Friday, in Asaba, described most Nigerian banks as gambling centres. Sanusi also described the Nigerian stock market as a casino, where fraudulent business transactions are perpetuated to the detriment of the citizenry. He said politicians, particularly public office holders, were accomplices in the ...
In most aspects of life, it’s safe to say that timing is everything. Whether it’s arriving to pick up your prom date ten minutes early instead of ten minutes late, or waiting to buy a new refrigerator until the retailer announces their final sale prices, getting the timing right for major decisions can have significant ...
