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With the addition of Caroline Pham’s and Summer Mersinger’s names sent to the Senate for confirmation, the U.S. president has the opportunity to completely reshape the CFTC leadership. 755 Total views 20 Total shares The White House has officially submitted President Joe Biden’s nominations to fill two seats at the Commodity Futures Trading Commission with […]
Shares of D.R. Horton Inc. DHI, -6.17% sank 5.8% in afternoon trading Friday, enough to pace the S&P 500’s SPX, -0.41% decliners, as the continued rise in Treasury yields and mortgage rates weighs heavily on the home-builders sector. D.R. Horton’s stock has now tumbled 11.9% this week, which would make it the biggest weekly drop […]
Gold futures settled higher on Friday after a disappointing rise in December U.S. nonfarm payrolls. Prices, however, still marked their worst weekly loss since the period ending Nov. 26, FactSet data show. The U.S. created a much smaller-than-expected 199,000 jobs in December, but the U.S. jobless rate slipped to 3.9% from 4.2%. “It seems traders […]
CinCor Pharma Inc.’s stock CINC, -4.06% shot out of the gate in morning trading Friday, but then pulled back sharply, to trade briefly below in negative territory. The Massachusetts-based biopharmaceutical company’s stock’s first trade was at $21.00 at 11:05 a.m. Eastern, or 31.3% above the $16 IPO price. The stock then rose to an intraday […]
Type: Bullish BounceKey Levels:Resistance: 1.44293Pivot: 1.43532Support: 1.43136Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 1.43532 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 1.44293 in line with 1.44293 in line with 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip […]
Type: Bullish BounceKey Levels:Resistance: 45642.73Pivot: 40746.54Support: 38717.78Preferred Case:Prices are on strong bearish momentum and abiding to our daily descending trendline. We see the potential for a dip from our Pivot at 44122.38 when it retests in line with 23.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 41839.61 in line with 161.8% […]