Trade stocks – Radar 2014 http://radar2014.org/ Tue, 20 Sep 2022 02:25:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://radar2014.org/wp-content/uploads/2021/10/icon-32-120x120.png Trade stocks – Radar 2014 http://radar2014.org/ 32 32 Soon you’ll be able to trade stocks like a senator or congressman – 24/7 Wall St. https://radar2014.org/2022/09/19/soon-youll-be-able-to-trade-stocks-like-a-senator-or-congressman-24-7-wall-st/ Mon, 19 Sep 2022 13:08:46 +0000 https://radar2014.org/2022/09/19/soon-youll-be-able-to-trade-stocks-like-a-senator-or-congressman-24-7-wall-st/ Invest September 19, 2022 09:08 Last Thursday, Subversive Capital Advisers filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch two exchange-traded funds (ETFs) that track reported investments by Democratic or Republican members of Congress. The Democratic tracker is called the Unusual Whales Subversive Democratic Trading ETF, and the fund’s ticker […]]]>

Invest

Last Thursday, Subversive Capital Advisers filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch two exchange-traded funds (ETFs) that track reported investments by Democratic or Republican members of Congress.

The Democratic tracker is called the Unusual Whales Subversive Democratic Trading ETF, and the fund’s ticker symbol is NANC. The Republican tracker is the Unusual Whales Subversive Republican Trading ETF, and the ticker for it is KRUZ. The NANC fund will track the investments of Democratic representatives and senators; KRUZ will follow the Republicans.

Here’s a chance for retail investors to act on their widely held belief that members of Congress have access to more information than the rest of us. Subversive Capital funds follow the same principle as ETFs that track hedge fund investments: track smart money. Whether congressional dealings and investments are just as smart remains to be seen. Subversive Capital’s filing says each fund will include a portfolio of 500 to 600 stocks.

Under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, members of Congress are required to disclose trades in stocks, bonds, commodities, or other securities worth more than $1,000 within 45 days of the transaction. Subversive Capital plans to use this data to make buy and sell decisions for components of its funds.

Republican Senator Josh Hawley of Missouri introduced legislation in January barring members of Congress and their wives from owning or trading individual stocks. Hawley’s main target was Paul, the husband of House Speaker Nancy Pelosi, a venture capitalist who acquired millions of dollars in stock options over the past year and a half.

According to a Financial Times report, 76% of Americans think members of Congress have an “unfair” advantage when it comes to trading. Only 5% support allowing senators and representatives to trade.

Data collected by Capitol Trades shows that Democrat Ro Khanna of California is by far the most active trader among members of Congress. Over the past year, Khanna has completed over 6,500 trades involving over 105 million shares. Republican Congressman Michael McCaul of Texas made more than 1,800 trades involving more than 125 million shares.

ALSO READ: 7 Dividend Stocks In A Sector That Can Survive And Thrive During Market Crashes

Subversive Capital launched its first fund, the Subversive Metaverse ETF (PUNK) in January and has attracted $933 million in investments to date. The fund has lost around 24% of its value since its inception. The fund’s top equity holdings are Agilent (3.68%), Apple (3.61%) and Microsoft (3.53%). Its main asset is cash (20.54%). As of August 29, the fund included shares of 53 companies.

Sponsored: Tips for Investing

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Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you are an investor looking to minimize your expenses, consider checking out online brokers. They often offer low investment fees, which helps you maximize your profits.

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Can you trade stocks on Labor Day? Dow Jones Outlook Today https://radar2014.org/2022/09/06/can-you-trade-stocks-on-labor-day-dow-jones-outlook-today/ Tue, 06 Sep 2022 19:00:11 +0000 https://radar2014.org/2022/09/06/can-you-trade-stocks-on-labor-day-dow-jones-outlook-today/ Monday, for Labor Day, Wall Street will be closed. US stock exchanges will be closed on Labor Day. Therefore, no stock transactions. Additionally, the US Treasuries market will be closed, meaning bond trading will be halted. The equity futures market will operate on a shortened schedule. Until 1 p.m. ET, trading will take place. Dow […]]]>

Monday, for Labor Day, Wall Street will be closed.

US stock exchanges will be closed on Labor Day. Therefore, no stock transactions.

Additionally, the US Treasuries market will be closed, meaning bond trading will be halted.

The equity futures market will operate on a shortened schedule. Until 1 p.m. ET, trading will take place.

Dow Jones Future: Stock Market Outlook

Last week, the Dow formed an Evening Star in classic fashion, appearing at a critical moment of confluent resistance. In the middle of August, the weekly candle formed a Doji, and the following week, aided by President Powell in Jackson Hole, completely wiped out the gains of the previous two weeks.

This week’s price decline to the 23.6% retracement of this year’s selloff was consistent with the pattern of subsequent evening stars aiming for bearish reversals.

Towards the bottom of the chart, the Dow is likely to experience the most tension; it is the same region that provided support in June. This is close to the 38.2% retracement of the epidemic move and just below the 30,000 level.

NASDAQ 100: Stock market forecasts

The 61.8% retracement of the rebound move provided support for the Nasdaq this week, just as it had for the S&P 500 a few days earlier, but with a bit more volatility. Support rebounded into the 50% mark of that same significant move after Thursday’s level test, which failed to allow a four-hour body to close.

After the NFP-fueled comeback, buyers were unable to sustain a move above the 50% retracement of the short-term move, which is also around the 23.6% retracement of the 2022 selloff. This resistance level will likely be significant next week and may even invalidate short-term bearish themes.

Looking at the Nasdaq over a longer time frame, the weekly chart shows that market sentiment has moved away from its positive rebound of the past two months. There were no noticeable changes in the weekly candles from what was printed in April and May. What I said at the beginning of the article further supports the case for a stronger bearish push.

For this strategy, the 11,300 mark is still quite significant. In June, when a selloff began to find support before eventually turning into a two-month comeback, prices held above the 50% retracement of the significant 2019-21 rally.

A second test or series of tests at this level may not generate the same excitement, and a break below this price could signal the start of a larger downward price correction. Notably, the psychological barrier at 10,000 coincides with the 61.8% Fibonacci retracement of this significant trend.

S&P 500: Stock market outlook

On Thursday, the index found stability at a pivotal level, slightly above 3900. Specifically, around 3915 and 3902, the 23.6% and 61.8% retracement levels of the 2022 decline and the subsequent recovery, respectively, were found (from the June low to the August high). You can also locate a trendline projection in the vicinity by joining the June and July lows.

This zone was only in action a few hours after I mentioned it in my S&P 500 forecast ahead of nonfarm payrolls on Thursday.

After some bullish price activity following the NFP announcement, the rebound it caused was quite intense as soon as the market opened on Friday. However, the buyer’s inability to break through the psychological barrier of $4,000 and the recent price move at $40.16 has triggered a new round of selling pressure.

This sets up a potential test at the confluence of support over the next week. If 3900 is broken, we could see a retest of the lows seen in June. A previous price move at 3820 and a Fibonacci level at 3786 could provide support along the way.

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Russian ruble eases in early trading, stocks remain near recent highs https://radar2014.org/2022/09/02/russian-ruble-eases-in-early-trading-stocks-remain-near-recent-highs/ Fri, 02 Sep 2022 08:19:26 +0000 https://radar2014.org/2022/09/02/russian-ruble-eases-in-early-trading-stocks-remain-near-recent-highs/ (This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The ruble fell from the 60 mark against the dollar and the euro in Moscow on Friday, while Russia’s benchmark MOEX stock index hovered near a high in more than three months at the start. […]]]>

(This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine)

MOSCOW (Reuters) – The ruble fell from the 60 mark against the dollar and the euro in Moscow on Friday, while Russia’s benchmark MOEX stock index hovered near a high in more than three months at the start. of session.

At 07:19 GMT, the ruble was down 0.2% against the dollar at 60.40 and was down 0.5% to trade at 60.20 against the euro.

Promsvyazbank analysts said the ruble will remain in the 60-61 range against the greenback on Friday.

The ruble spent most of August near 60 to the dollar. Volatility has eased since hitting a record low of 121.53 to the dollar in Moscow trading in March, shortly after Russia sent tens of thousands of troops to Ukraine. It then hit a seven-year high of 50.01 to the dollar in June.

So far this year, the ruble has been the world’s best-performing currency, buoyed by emergency capital controls put in place by the central bank in a bid to stop a sell-off. This averted an economic collapse that many had predicted.

However, the central bank said Russian banks had lost a total of 1.5 trillion rubles ($24.86 billion) in the first six months of 2022, revealing banking sector profits on Friday for the first time since February. .

Russian stock indices hit their highest level in recent months this week, backed by the board of gas giant Gazprom recommending the payment of 51.03 rubles ($0.8456) per ordinary share in dividends in the first half of 2022 .

The dollar-denominated RTS index fell 0.4% to 1,273.9 points, just off a nearly two-month high in the previous session. Russia’s rouble-based MOEX index was down 0.2% at 2,441.9 points, earlier touching 2,450.48 points, its highest mark since May 20.

“Investors may want to cash in ahead of the weekend, although we still believe iMOEX remains in an uptrend,” BCS Global Markets said in a note.

($1 = 60.3500 rubles)

(Reporting by Alexander Marrow; Editing by Gareth Jones)

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Russian stocks hit 3-plus-month high, ruble hovers around 60 against dollar https://radar2014.org/2022/09/02/russian-stocks-hit-3-plus-month-high-ruble-hovers-around-60-against-dollar/ Fri, 02 Sep 2022 07:52:00 +0000 https://radar2014.org/2022/09/02/russian-stocks-hit-3-plus-month-high-ruble-hovers-around-60-against-dollar/ MOSCOW (Reuters) – Russia’s benchmark MOEX stock index hit its highest level in more than three months on Friday, as investors bet on other companies following Gazprom’s lead in recommending dividends, while the he index weakened towards 61 against the dollar and the euro. Gas giant Gazprom’s board this week recommended paying 51.03 rubles ($0.8456) […]]]>

MOSCOW (Reuters) – Russia’s benchmark MOEX stock index hit its highest level in more than three months on Friday, as investors bet on other companies following Gazprom’s lead in recommending dividends, while the he index weakened towards 61 against the dollar and the euro.

Gas giant Gazprom’s board this week recommended paying 51.03 rubles ($0.8456) per common share in dividends in the first half of 2022, pushing the company’s shares up around 25% and supporting Russian clues.

“Investors seem to have rejoiced and hoped that the dividend idea is alive and that other Russian companies will join Gazprom gradually driving up the market,” said Alexander Arutyunyan, chief economist at Russ-Invest.

As of 1532 GMT, Russia’s ruble-based MOEX index was up 0.9% to 2,467.4 points, its highest mark since May 18.

The dollar-denominated RTS index fell 0.1% to 1,278.2 points, slipping slightly from a nearly two-month high.

“Investors may want to cash in ahead of the weekend, although we still believe iMOEX remains in an uptrend,” BCS Global Markets said in a note.

The ruble has been hovering around 60 to the dollar and euro for the past few weeks, but fell to around 61 ahead of the weekend.

The ruble weakened 0.9% against the dollar to 60.84 and fell 1.6% to trade at 60.87 against the euro.

Promsvyazbank analysts said the ruble will remain in the 60-61 range against the dollar on Friday.

Volatility has eased since hitting a record low of 121.53 to the dollar in Moscow trading in March, shortly after Russia sent tens of thousands of troops to Ukraine. It then hit a seven-year high of 50.01 to the dollar in June.

So far this year, the ruble has been the world’s best-performing currency, buoyed by emergency capital controls put in place by the central bank in a bid to stop a sell-off. This averted an economic collapse that many had predicted.

However, the central bank said Russian banks had lost a total of 1.5 trillion rubles ($24.86 billion) in the first six months of 2022, revealing banking sector profits on Friday for the first time since February. .

(Reporting by Alexander MarrowEditing by Gareth Jones)

Copyright 2022 Thomson Reuters.

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How to trade stocks: what should I know? https://radar2014.org/2022/08/21/how-to-trade-stocks-what-should-i-know/ Sun, 21 Aug 2022 08:27:29 +0000 https://radar2014.org/2022/08/21/how-to-trade-stocks-what-should-i-know/ Investing is an important part of any successful long-term financial plan, and for some, part of that plan may include knowing how to trade stocks. If this applies to you and you’re new to investing, it’s probably confusing how to do it. We clear up all the confusion, including how to get started and the […]]]>

Investing is an important part of any successful long-term financial plan, and for some, part of that plan may include knowing how to trade stocks. If this applies to you and you’re new to investing, it’s probably confusing how to do it. We clear up all the confusion, including how to get started and the options for deciding which stocks to buy. Keep in mind that stock trading is not for everyone and you should always consider your goals, risk tolerance and time horizon before making an investment.

What are stocks?

Stocks are shares of the assets and profits of a public company. Buying them makes you a co-owner of the business and gives you a vested interest in its success or failure. When the company is doing well, the value of your shares, and therefore your overall investment portfolio, increases. Unfortunately, the reverse is also true: when the business does poorly, so do your returns.

But the numbers don’t tell the whole story. For example, a business may show net losses one year because it spent a lot of money on projects that promise to grow the business later, such as adding new buildings, equipment, or staff. So losing this year could actually mean big gains in the future and knowing that could help drive stock prices higher over time.

Also, stock performance isn’t strictly about the numbers anyway. This is because stock prices are ultimately determined by market forces, i.e. public demand or lack thereof. For example, even if a company is doing well in terms of earnings, bad news that might not be directly related to the company, such as a scandal involving the CEO or bad behavior by other employees, could cause some investors to sell and drive down stock prices. Thus, the public perception of the company may be just as important as its actual financial well-being.

All of this to say: Stock trading can be a tricky business as stocks can be difficult to value, especially for regular investors who haven’t dedicated their careers to doing so.

Why invest in stocks?

Most investors need at least a few stocks in their portfolio because they can be such rewarding investments. (Note that all investments come with risks that you need to consider.) Between 1926 and 2018, a 100% stock portfolio offered a healthy average annual return of 10.1%, according to data from the financial firm Vanguard. In comparison, a portfolio made up of 100% bonds (a generally less risky investment choice than stocks) would have gained only 5.3% per year, on average, over the same period.

Of course, the higher returns came after a much wilder ride: the all-stock portfolio suffered losses in 26 of those 93 years, dropping to 43.1% in 1931. Then, in 1933, it had its best year ever, earning 54.2%. percent. The bond portfolio had a smoother run, losing only 14 of 93 years and only 8.1% (in 1969). Its most profitable year was in 1982 with a return of 32.6%.

And just saving, while also very important, doesn’t produce much growth at all. In fact, the current annual percentage return on a savings account is less than 1%, according to Bankrate, and one-, three-, and five-year certificates of deposit (CDs) offer average rates of just 1.87 to 1.97%. Meanwhile, the current inflation rate as of November 2019 is 2.05%, according to InflationData.com. This means that savings money is actually losing purchasing power right now.

So to keep up with and fight inflation, you have to invest. Remember that while equities offer the greatest potential for growth, they also come with big risks. Maintaining a well-diversified portfolio, including stocks, should help balance risk and potential returns.

How to start trading stocks

Before investing in anything, you should first think about your financial goals, as well as your timeline for achieving them. Then you can build a well-diversified portfolio designed specifically to achieve those goals. And don’t forget that there are also different types of accounts for different purposes.

Consider different types of investment accounts

The type of account that’s right for you will greatly depend on your goals. For example, if you’re investing for your retirement, contributing to a 401(k) (or another employer-sponsored retirement plan, if you have one) is a good idea. In this case, your employer will generally have chosen the broker and the investment options for you. An Individual Retirement Account (IRA) is usually the best option for retirement. (Acorns offers a choice of three different types of IRAs, in addition to a regular brokerage account.)

Or if you’re investing for college, you might want to opt for a 529 plan, a tax-advantaged account that must be used to cover education costs. Choosing the right account can earn you big tax breaks.

For general medium-term goals, a regular brokerage account may be the right solution. These allow you to trade stocks or other investments like bonds and funds. They don’t have tax benefits like a retirement account, but you can access your money anytime without penalties. (Remember, the longer you leave your money there, the more likely you are to benefit from long-term market growth.)

Open an investment account

Once you have a strategy in mind, you can open an account and start trading stocks. There are many brokerages to choose from, so be sure to research all the details before making your choice. An important point to consider is the costs, including the commissions charged for each transaction (which can vary depending on the type of asset), other fees (such as annual and inactivity fees) and minimum balances. Reducing costs is an important and simple way to maintain returns. (With Acorns, users can open an investment account and invest in a portfolio of funds with exposure to thousands of stocks and bonds for $3 per month. Acorns charges no commission.)

Fund your account and start investing

Once you’ve sorted out all that logistics and funded your account, let the stock trading begin. It can be as simple as telling your broker to execute a trade for you or clicking a few buttons on your online broker’s website or app. (Keep in mind that some accounts offered by brokerage firms may also offer pre-selected portfolio combinations.)

All you have to do is specify the stock or stock fund, the number of shares you want to buy or the amount of money you need to invest in the stock, and the type of order you want to place. Your main choices are to use a market order (to buy the stock as soon as possible at the best available price) or a limit order (to set a maximum price you are willing to pay). A limit order only goes through if the stock falls below the specified price within the time frame you have selected.

Choosing stocks to buy

Determining which stocks to invest in depends on your goals, risk tolerance and time frame. But it’s a good idea to build a well-diversified portfolio.

Diversify your portfolio

Diversifying your portfolio between asset classes, like stocks and bonds, is smart. But it should also happen in the equity portion of your portfolio, with a good mix of foreign and domestic stocks, as well as companies of different sizes and in different industries. So getting your stock allocation well diversified means a lot more work than skimming a list of recently winning stocks to buy.

Invest in equity funds

A better option for most people is to invest in mutual funds or exchange-traded funds (ETFs) which handle all the stock selection for you. Going this route allows you to invest in hundreds or thousands of different stocks in one quick transaction. (Acorns portfolios include a mix of ETFs with allocations designed to match a variety of risk tolerances.)

Whatever investments you decide to trade, you can rest assured that by simply starting to invest, you are taking an important step towards achieving your financial goals.

Start investing with as little as $5 with Acorns.

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Proceed with caution if trading stocks based on the market’s 200-day moving average https://radar2014.org/2022/08/20/proceed-with-caution-if-trading-stocks-based-on-the-markets-200-day-moving-average/ Sat, 20 Aug 2022 11:45:00 +0000 https://radar2014.org/2022/08/20/proceed-with-caution-if-trading-stocks-based-on-the-markets-200-day-moving-average/ By Marc Hubert The US market’s close above its 200-day moving average is not a meaningful bullish move Anxious bulls wait in vain if they wait for the US stock market to break above its 200-day moving average. I say this not because I somehow know that the market will not close above its average […]]]>

By Marc Hubert

The US market’s close above its 200-day moving average is not a meaningful bullish move

Anxious bulls wait in vain if they wait for the US stock market to break above its 200-day moving average. I say this not because I somehow know that the market will not close above its average level for the past 200 days. My point is that even if it does, it won’t have any particular bullish significance.

The importance of the 200-day moving average is on the minds of stock traders this week, as the market’s powerful rally over the past two months has brought it within crying distance of that average. On Tuesday this week, the S&P 500 intraday high was just 0.02% below this threshold. After Thursday’s close, the index was 0.9% below its 200-day moving average, according to FactSet data.

To determine if a close above the 200-day moving average has any significance, I analyzed the S&P 500 (or its predecessor) up to the mid-1920s. I focused in particular on daily where the index closed above its 200-day moving average for the first time. The table below summarizes what I found.

                                    Subsequent month  Subsequent quarter  Subsequent 6 months  Subsequent 12 months 
200-day moving average buy signals  0.9%              1.2%                2.9%                 6.0% 
All other days                      0.6%              1.8%                3.6%                 7.4% 

As you can see, over the next month the market improved slightly after the 200-day moving average buy signals. While this is consistent with Wall Street’s bullish interpretation of closing above the 200-day moving average, note the data in the other three columns: over the next quarter, six months, and next 12 months. , the market does slightly less well following such signals. , on average. This is directly contrary to the bullish interpretation.

Before you rush to become a contrarian of the 200-day moving average, you should know that none of the differences reported in this chart are significant at the 95% confidence level that statisticians often use to determine whether a model is genuine. Thus, neither the bullish interpretation nor the bearish interpretation is supported by the data.

The 200-day moving average can still be useful to traders, if used in conjunction with other indicators. It could be, for example, that a 200-day moving average buy signal means one thing when the market is undervalued or interest rates are falling, and another when the market is overvalued or rates go up.

I’m skeptical. Although I cannot analyze all possible combinations of the 200-day moving average with other indicators, the ones I tested showed that the predictive value of the indicator combination was due to those other indicators and not to the 200-day moving average.

The bottom line? The performance of the stock market from here will have nothing to do with its position relative to its 200-day moving average.

Mark Hulbert is a regular MarketWatch contributor. His Hulbert Ratings tracks investment newsletters that pay a fixed fee to be audited. He can be contacted at mark@hulbertratings.com

Don’t miss: Hear Carl Icahn at the Best New Ideas in Money Festival on September 21-22 in New York City. The legendary trader will reveal his take on this year’s market madness.

-Marc Hubert

 

(END) Dow Jones Newswire

08-20-22 0745ET

Copyright (c) 2022 Dow Jones & Company, Inc.

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Proceed with caution if trading stocks based on this popular market signal https://radar2014.org/2022/08/18/proceed-with-caution-if-trading-stocks-based-on-this-popular-market-signal/ Thu, 18 Aug 2022 19:01:00 +0000 https://radar2014.org/2022/08/18/proceed-with-caution-if-trading-stocks-based-on-this-popular-market-signal/ Anxious bulls wait in vain if they wait for the US stock market to break above its 200-day moving average. I say this not because I somehow know that the market will not close above its average level for the past 200 days. My point is that even if it does, it won’t have any […]]]>

Anxious bulls wait in vain if they wait for the US stock market to break above its 200-day moving average. I say this not because I somehow know that the market will not close above its average level for the past 200 days. My point is that even if it does, it won’t have any particular bullish significance.

The importance of the 200-day moving average is on the minds of stock traders this week, as the market’s powerful rally over the past two months has brought it within crying distance of that average. On Tuesday of this week, the SPX of the S&P 500,
+0.23%
the intraday high was only 0.02% below this threshold. After Thursday’s close, the index was 0.9% below its 200-day moving average, according to FactSet data.

To determine if a close above the 200-day moving average has any significance, I analyzed the S&P 500 (or its predecessor) up to the mid-1920s. I focused in particular on daily where the index closed above its 200-day moving average for the first time. The table below summarizes what I found.

Next month

Next quarter

next 6 months

next 12 months

200-day moving average of buy signals

0.9%

1.2%

2.9%

6.0%

All other days

0.6%

1.8%

3.6%

7.4%

As you can see, over the next month the market improved slightly after the 200-day moving average buy signals. While this is consistent with Wall Street’s bullish interpretation of closing above the 200-day moving average, note the data in the other three columns: over the next quarter, six months, and next 12 months. , the market does slightly less well following such signals. , on average. This is directly contrary to the bullish interpretation.

Before you rush to become a contrarian of the 200-day moving average, you should know that none of the differences reported in this chart are significant at the 95% confidence level that statisticians often use to determine whether a model is genuine. Thus, neither the bullish interpretation nor the bearish interpretation is supported by the data.

The 200-day moving average can still be useful to traders, if used in conjunction with other indicators. It could be, for example, that a 200-day moving average buy signal means one thing when the market is undervalued or interest rates are falling, and another when the market is overvalued or rates go up.

I’m skeptical. Although I cannot analyze all possible combinations of the 200-day moving average with other indicators, the ones I tested showed that the predictive value of the indicator combination was due to those other indicators and not to the 200-day moving average.

The bottom line? The performance of the stock market from here will have nothing to do with its position relative to its 200-day moving average.

Mark Hulbert is a regular MarketWatch contributor. His Hulbert Ratings tracks investment newsletters that pay a fixed fee to be audited. He can be reached at mark@hulbertratings.com

Don’t miss: Hear Carl Icahn at the Best New Ideas in Money Festival on September 21-22 in New York City. The legendary trader will reveal his take on this year’s market madness.

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South African rand weakens in early trade, stocks open higher https://radar2014.org/2022/07/22/south-african-rand-weakens-in-early-trade-stocks-open-higher/ Fri, 22 Jul 2022 07:28:10 +0000 https://radar2014.org/2022/07/22/south-african-rand-weakens-in-early-trade-stocks-open-higher/ July 22 (Reuters) – The South African rand eased in early trade on Friday, shedding the previous day’s gains made in the biggest rate hike in nearly two decades carried out by the central bank to rein in soaring inflation. At 07:08 GMT, the rand ZAR=D3 traded at 17.0300 against the dollar, 0.06% lower than […]]]>

July 22 (Reuters)The South African rand eased in early trade on Friday, shedding the previous day’s gains made in the biggest rate hike in nearly two decades carried out by the central bank to rein in soaring inflation.

At 07:08 GMT, the rand ZAR=D3 traded at 17.0300 against the dollar, 0.06% lower than its previous close.

The rand rose against the dollar on Thursday after the central bank raised its main benchmark rate by 75 basis points to 5.50%.

However, Commerzbank analysts said in a research note that the gains were limited.

“Given domestic risks, the rand is expected to struggle to hold its ground in a challenging environment and come under downward pressure in the event of risk aversion,” the analysts added.

On the stock market, the Top-40 .JTOPI and the wider whole .JALSH the indices rose more than 0.5% in early trading.

The government’s 2030 benchmark bond ZAR2030= was stronger in early trades, with yield down 13.5 basis points to 10.615%.

(Reporting by Anait Miridzhanian in Gdansk; Editing by Christopher Cushing)

((Anait.Miridzhanian@thomsonreuters.com; +48 58 769 66 05))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Members of Congress should not trade stocks | Opinion https://radar2014.org/2022/07/16/members-of-congress-should-not-trade-stocks-opinion/ Sat, 16 Jul 2022 10:00:00 +0000 https://radar2014.org/2022/07/16/members-of-congress-should-not-trade-stocks-opinion/ A Business Intern June article lists 65 members of Congress who have violated laws aimed at ending conflict of interest and insider trading. It’s not primarily a Democrat or Republican issue, it’s both. The list includes 33 Republicans and 32 Democrats who failed to properly report their financial transactions required by the Stop Trading on […]]]>

A Business Intern June article lists 65 members of Congress who have violated laws aimed at ending conflict of interest and insider trading.

It’s not primarily a Democrat or Republican issue, it’s both. The list includes 33 Republicans and 32 Democrats who failed to properly report their financial transactions required by the Stop Trading on Congressional Knowledge Act of 2012 (the STOCK Act). The law requires members of Congress to promptly and publicly disclose stock trades made by themselves, their spouses, or a dependent child. It has to be reported “promptly” in government terms, you see, so it’s like 45 days – but it’s just too hard for these elected officials to follow the law – especially when big bucks are involved.

Violators can fetch a fine, but it’s usually only $200. Congress needs to do better, and now there are proposals to ban federal lawmakers from trading individual stocks. It’s a good idea. It wouldn’t prevent them from having assets in blind trusts, for example. Some members of Congress are already doing this. What we know for certain is that many members of Congress have access to valuable non-public information that they could use to their advantage, and what is in place now to make them transparent about it is not working. .

Here are just a dozen examples of breaches from the Business Insider report:

Sen. John Hickenlooper (D-Colorado) was months late in 2020, up to more than a year late, to disclose five separate stock trades for himself or his wife that together were worth between $565,000 and $1. .3 million. That same year, Hickenlooper did not disclose purchases of different classes of stock by his wife worth between $516,000 and $1.2 million. He also belatedly announced that his wife had sold between $130,000 and $300,000 worth of Liberty Media Corporation and Liberty Broadband Corporation stock this year.

Rep. Pat Fallon (R-Texas) was months late disclosing dozens of stock trades in 2021 that together were worth up to $17.53 million. Fallon was again late in December to disclose stock trades.

Rep. Susie Lee (D-Nevada) misdisclosed more than 200 stock trades between early 2020 and mid-2021 that were worth up to $3.3 million in total.

Rep. Diana Harshbarger (R-Tennessee) failed to properly disclose more than 700 stock trades that together were worth up to $10.9 million.

Rep. Kathy Manning (D-North Carolina) and her husband were late — sometimes months — to disclose dozens of stock trades made in 2021 that together were worth up to $1.25 million

Rep. Maria Salazar (R-Florida) was weeks late reporting a health care company stock market valued between $250,000 and $500,000.

Representative Kim Schrier (D-Washington) revealed more than two months late that her husband bought up to $1 million worth of Apple Inc stock.

Senator Cynthia Lummis (R-Wyoming) was several days late to report a purchase last August of up to $100,000 in bitcoins.

Representative David Trone (D-Maryland) was months late in reporting several stocks and structured notes that together were worth hundreds of thousands of dollars.

Representative Mo Brooks (R-Alabama) was about a month late to disclose a sale of Pfizer stock worth up to $50,000.

Rep. Cheri Bustos (D-Illinois) revealed months late that she sold up to $150,000 worth of stock in March.

Rep. Brian Mast (R-Florida) late revealed he bought up to $100,000 in stock in an aerospace company. The company’s president had just testified before a congressional subcommittee on which Mast sits.

These violations didn’t involve small numbers – nothing but small $200 fines wouldn’t stop, anyway.

According The New York Timesa January poll found that 63% of American voters are at least somewhat in favor of banning individual trade between members of Congress with strong support among Democrats, Republicans and independents.

But it’s not just Congress that needs to be the focus. The temperature also reports that Sen. Kirsten Gillibrand (D-New York) and Rep. Katie Porter (D-California) have reintroduced a bill that would tighten reporting requirements for the three branches of government, as well as individual stock trading by members of Congress, the President, Vice President, Supreme Court justices and senior Federal Reserve officials.

In September The Wall Street Journal reported that from 2010 to 2018, 131 federal judges “illegally adjudicated cases involving companies in which they or their families held stock.” And in two-thirds of those cases, judges ruled in favor of the companies, Forbes reports.

Judges do not recuse themselves as they are supposed to and therefore hundreds of these lawsuits could be reopened due to conflicts of interest.

A version of the stock trading ban legislation could be passed in Congress before the midterm elections this year. Watch him. Tell your representative and senators what you want them to do about it.

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‘It’s recession trading’: Stocks, yields and oil decline https://radar2014.org/2022/07/05/its-recession-trading-stocks-yields-and-oil-decline/ Tue, 05 Jul 2022 16:30:22 +0000 https://radar2014.org/2022/07/05/its-recession-trading-stocks-yields-and-oil-decline/ (Bloomberg) – As US stocks begin the week after having their worst first half since 1970, there’s only one way to describe their performance, according to Neil Dutta. “This is recession trading,” said Renaissance Macro Research chief economics officer. “There is no other way to describe it.” Adding to his list of reasons are falling […]]]>

(Bloomberg) – As US stocks begin the week after having their worst first half since 1970, there’s only one way to describe their performance, according to Neil Dutta.

“This is recession trading,” said Renaissance Macro Research chief economics officer. “There is no other way to describe it.”

Adding to his list of reasons are falling Treasury yields, falling oil prices, widening corporate credit spreads and a rising dollar.

Read: Recession doubtful Neil Dutta turns cautious after Fed signals

The S&P 500 fell 2.2% on the first trading day of a shortened week amid a flight from risky assets. Treasury yields fell, with the 10-year rate hovering around 2.8%. Meanwhile, the dollar has risen, making commodities priced in the currency less attractive. Oil sank, trading below $100 a barrel.

To be clear, Dutta doesn’t think the US economy is currently in a recession.

“We’re not in one right now, but the markets are a discounting mechanism and I think the markets see the economy potentially going into one or getting closer to it,” said Dutta, an industry watcher. economy widely followed in the financial markets. “We’ve come a long way in pricing during a recession in the markets, but I don’t think we’ve come to that.”

His stance is a reversal from an earlier call, when he said he didn’t see a recession in the cards. Now he is less confident in the U.S. economy as inflation accelerated to a new four-decade high, prompting the Federal Reserve to raise its benchmark rate by 75 basis points, the most since 1994.

“I don’t think it’s inevitable, but I think a lot of it depends on what the Fed does,” he said, referring to the likelihood of a recession. “If the data suggests the Fed should deviate from its current policy approach and it doesn’t, then we have a problem. To me, that’s the problem.

The Fed has “locked” itself into an aggressive tightening course, perhaps in an effort to avoid the mistake officials made at the start of the pandemic when they called inflation “transitional,” did he declare. But what if inflation has already peaked? Dutta thinks headlines for July will moderate “quite considerably” as oil prices fall.

Still, if a recession does come, expect one thing, he said: market volatility. Predicting one, however, is not as straightforward as many market watchers may agree.

“A call for recession cannot be made if the labor market does not participate,” Dutta added. “The US economy continues to create jobs. So there is no way the recession (if it occurs) is dated June 2022.”

With fears of a recession front and center, investors will receive a further update on the US labor market on Friday. The monthly payroll report is expected to show a gain of 250,000 jobs for June, while the unemployment rate is expected to hold steady at 3.6%.

©2022 Bloomberg LP

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