The word BRIC entered the lexicon of global investors and traders in 2001 thanks to Jim O’Neill of Goldman Sachs. Since then there has been a continuous stream of products, investment theses, strategies and contrary opinions to take advantages of the booms and busts in those economies. If one had invested at the beginning of…
INTC is forming an emerging double bottom pattern. On August 6th, the chip maker broke above the neckline of a double bottom formed by the lows on July 12th and July 24th. Before that on August 1st, it broke above the upper limit of a descending triangle making it a failed pattern. In the process,…
Market At A Glance: On Wednesday, global equity market maintained their upward posture notwithstanding early downward pressure. The US futures were trading lower in the pre-market session. But they made low for the day in the first few minutes of trading and then moved up closing in the upper half of the day’s range. For…
0Here is what I am reading: Mexico Wages Undercut China, Fuel Manufacturing Boom (Investors Business Daily) Commodity Index Fund Breaks Pennant Resistance (Don’t Ignore This Chart) The best market rallies defy logic (MarketWtach) 9 Cheap Stocks Taking Off Right Now: Apple is One of Them (Insider Monkey) No One Trusts Wall Street (and Why That’s Very…
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