Timing & trends

Apr gold rallied sharply to a session high of $1274.50 per ounce at pit trade o… … full article

If ever there was a report that could make or break a market, it is Friday’s update on January job creation from theBureau of Labor Statistics.

But before we get into the details, let’s start with an important caveat…

….read it all HERE

Chart of the Day: Dow Breaks Long Standing Support

Posted by Chart of the Day

on Wednesday, 5 February 2014 17:45

The Dow has struggled so far in 2014 – down 6.8% year to date. For some perspective, today’s chart illustrates the overall trend of the stock market (as measured by the Dow) since 2003. As today’s chart illustrates, the Dow has benefited from a strong upward trend since early 2009 (see upward sloping green trendline). This year, however, the Dow has sold off sharply due to concerns over steep declines in emerging markets. The Dow’s steep decline has been significant enough to result in a break below long-standing support (upward sloping green trendline).

Notes:
Where’s the Dow headed? The answer may surprise you. Find out right now with the exclusive & Barron’s recommended charts of Chart of the Day Plus.

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Quote of the Day
“We are not retreating – we are advancing in another direction.” – General Douglas MacArthur

Events of the Day
February 14, 2014 – Valentine’s Day
February 16, 2014 – NBA All-Star Game
February 17, 2014 – President’s Day – Washington’s Birthday (observed)

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WASHINGTON (MarketWatch) – The services side of the U.S. economy likely expanded in January at a slightly faster pace, according to economists polled by MarketWatch. The Institute for Supply Management’s non-manufacturing index is expected to rise to 54% last month from 53 … full article

Treasury 10-year note yields traded at almost a three-month low after a private report showed U.S. companies added fewer jobs in January than economists forecast, stoking demand for U.S. government debt.
The yield fell to its low of the day after rising yesterday the most this year. Volatility in Treasuries rose to the highest yesterday in almost four weeks. U.S. government bonds have climbed this year, even as the Federal Reserve cuts bond-buying under quantitative easing, as sliding emerging-market currencies and signs of slowing economic growth have boosted haven demand.
“Until the market has confidence the economy is operating without QE and things are improving and continue to improve, people will have a difficult time selling the market,” said Charles Comiskey, head of Treasury trading at Bank of Nova Scotia in New York, one of 21 primary dealers that trade with the Federal Reserve.
….full article HERE