Dow closed at a 2 month high breaking 17k and the S&P closed just shy of 2000 after breaking that level intraday today, the reason might be because of crude oil price today, which had its best week in last August, moving up 10% this week alone. The technical chart master Steve Grasso thinks you…
ADP’s jobs report came in strong this morning, 214k new jobs created vs 190k expected from the street. Even though there some traders that took profit early, the strong ADP report and the oil intraday rebound sent the market higher, with all the major indices closing slightly on the day. The rally today again was…
Huge day for the bull today, a killer rally to start off the month of March. S&P was up 2.39% on the day, closing at 1978. Guy Adami thinks it’s trading up to 2025 level and then fail at that level. What gave traders hope about this rally is the fact that the financials finally…
The Stock market ended in a mixed session, ending a positive week. Two notable sectors that ended higher were the financials and transports, which were signs that the bulls are taking back controls of this market, according to Guy Adami. The next resistance point is the 1968 level, if we break that, we could go…
Stocks traded higher after another oil intraday rally where crude oil price today gained 3%, up $0.92, closing at $33.07 per barrel. The S&P rallied to the critical resistance point of 1950 level and closing just above that level, if the market sustains this rally above this level to close out the week next week,…
The Dow was down about 250 points near the open before a huge reversal to close up 53 points. One of the big reason is no surprise, the market rallied once again as crude oil price today rallied earlier today to close up $0.28, or 0.88%, to settle at $32.15 per barrel. CNBC FAST MONEY…
Another volatile day in the market, the Dow selling off to a tune of almost 200 points, which means the move today gave up the entire gains from yesterday and puts the market back in correction territory. The culprit of this selloff…the usual suspect, crude oil price today sold off because of the comments from…
S&P approached 1950 at the close, which is Guy Adami’s resistance point, if we settle a couple days above that level, things might be looking up for the bulls. The market also got a boost from crude oil prices today after jumping 6.2% to close at $31.48 per barrel. Brian Kelly played his usual three…
Stocks ended on a mixed trading day, closing out the best performing week of the year. Dow and S&P ended essentially flat for the day while Nasdaq added 0.38%. Crude oil price today plunged 3.7% to close at $29.64 per barrel, it’s nice to see for once that stock did not follow the oil selloff…
Dow futures started the day up over 100 points, giving bulls hope that the rally will continue, but crude oil price today ended Thursday trading well off its highs of the day, settling at $0.11 higher, or 0.36%, at 30.77 per barrel. The oil selloff started after U.S. crude inventory stockpile shows a rise by…
Iran oil minister announced today their support to stabilizing the excess oil inventory situation, which could mean cutting their oil production. The news was well received and crude oil price today traded at a gain of 5.6%, closing above $30 per barrel. Stocks posted its biggest 3 day gains since last August as oil rises….
Could today be a sign of U.S. decoupling from oil? Crude oil price today closed 1.36% lower to close at $29.04 per barrel, but stock had one of the best days of the year so far. Dow closed up over 200 points today. Fast Money guys were all in agreement to sell this rally. We’re…
Stocks enjoyed a nice bounce after getting clobbered yesterday, albeit trades were based lighter than usual volumes ahead of a 3 day weekend. Crude oil price today settled up a whopping $3.23 (12.32%) to $29.44 a barrel. That oil action definitely boosted stocks today. The battered banking sector also had a nice bounce today, led…
Another down and up and down trading day. US futures sold off in the morning when European markets got obliterated. Dow promptly opened down and kept selling off until it was down 400 points. The technical traders were spot on about the 1810 S&P resistance level, we saw a huge spike (mostly due to a…
Some positive tech earnings reported today, and for once the tech sector outperformed the overall market, Dow ended down almost 100 points while Nasdaq ended up 0.35%. Dow was actually up as much as 187 points today, only to sell off again. Crude oil price today dropped again by 1.75%, settling at $27.45. Other financial…
Crude oil price today settled down $1.75, which is another $5.8% to the down side, at $27.94 a barrel. The weak oil price continues to put downward pressure on the equities market. Dow was down as much as 146 points at the open before recovering a bit, but still ended in the red. Guy…
Today was the lowest close for stocks since April 15th 2014. Dow was down 400+ points at its lows of the day. On the bright side, the market closed well off the lows today, but market still got rocked selling off 1.5%. Guy Adami does not think the worst is over and S&P will still…
What a shit show once again. The bears are relentless so far this year. Tech stocks got obliterated today, even companies with solid fundamentals that killed it in 4Q earnings sold off, such as FB (-5.8%) and GOOGL (-3.6%), and TSLA is trading at two year low now. CNBC FAST MONEY FINAL TRADES 02/05/2016 Steve…
The market may be showing signs of bottoming out with one of the most hammered sectors, the industrial sector, bouncing back today, especially with Freeport McMoran and Alcoa. But the high growth stocks continue to get slaughtered today, such as the FANG stocks. Overall, the market was up slightly, but any trading day ending in…
The banking sector continue to be the headline today. Some traders are calling for a few of the Euro banks to collapse, even one of the largest banks in the world, Deutsche Bank…Yikes! Oil rallied today mid-day, with crude oil price today exploding for just shy of 10% gain, which led the rally in equities…
