The S&P 500 Wednesday bolted to a new record after the Federal Reserve kept its policy of ultra-low interest rates and did not accelerate the time-frame for raising them. The S&P 500, a broad measure of the US stock markets, jumped 14.99 points (0.77…
In any escalation of political tension oil and gold are the two key commodities to watch. For oil the breakout and surge higher was largely driven by events in Iraq coupled with supply issues at Cushing, both of which combined to help power the WTI crude oil (USO, quote) contract up to the $107 per barrel price point as evidenced by last Thursday’s wide spread up candle.
Option Alert Service Signal New Trade Suggestion
US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said. The deal, announced late Sunday, would allow Medtronic to take advantage of Ireland’s lower business tax rates — 12.5 percent versus…
Quick Update On Delta Airlines Trade (DAL, quote)
A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.
Option Alert Service Trade Update
Option Alert Service Trade Update
Whilst everyone’s attention on Friday was focused on the monthly circus which is the NFP, the VIX on the other hand slipped quietly and almost unnoticed below the 11.00 price point on the daily chart, to close the week at 10.73, its lowest level for many years.
Asian markets were mostly higher on Tuesday following fresh records on Wall Street, while Shanghai and Hong Kong headed higher after data showed Chinese inflation surged in May. Tokyo fell 0.85 percent, or 129.20 points, to finish at 14,994.80 owing…
