Page 20 - Pattern Recognition Technology News Today

A couple of questions that are important to dig into when you look at these numbers. The question of course what happened with u. S. Production, just under that level last week. Three weeks of declines in a row. We want to see if that continues. We did have the comments from the uae oil minister saying that oil prices are going to force production freezes. Thats a jab at iran here. A couple of reasons that you could see support for these. Back to you. Thank you for that. Its 8 00 a. M. At apple ...

Explain. We begin with stocks rallying for a third consecutive day. The first time they have done that all year. Were on correction watch at this hour. They take the dow and the s p to the brink of exiting that precarious position. Big move in oil. The s p is out of correction by about a point. The dow still has some work to do by about 100 points. Believe in this move over the last three days . Theres really positive signs, scott. The transports are playing a big role here and thats been whats ...

And soup and cereal stocks have been on fire, but the chartmaster has a simple message for traders. Nothing for you. Well explain why. The action begins right now. Spending all my nights all my money lets go right to it. The bear had reason to run scared maybe its this. Check out the transports. The economically sensitive stocks touching a yeartodate high today is this a sign that things are on a firmer footing . Dan, what do you think in. No doubt about it. I think you can take the price action...

Coming up, two guys who are facing off each other in the ring when it comes to puerto rico. Jim millsteen, renowned restructuring attorney, advising puerto rico. Well talk to him about puerto rico. He was at treasury during the financial crisis. Knows a lot about that is go on with the European Banking system. Well discuss that with him as well. And ambac could lose a lot of money if jim millsteen gets his way. Well talk about that coming up. What is happening in puerto rico, guys, emblematic of...

Strong move in energy and material names. So joe, we have asked a question sort of every day since this literally began, whether you can believe in it or not. You say youre coming off the best week of the year. Youve got transports having a good week last week. That was a pretty encouraging sign. Is it enough . Well, we talked last night when the s p was around 1915 to 1920 about the possibility to get to 1945, 1950 and then well take it from there. What gets you there. What i suggested, you nee...

Thats what im saying. And i think what were going to see happen, although its so remarkable and im not endorsing his candidacy, is trump is going to ride his way into the white house on a populist wave of anger at our government. And what does the market do if that happens . Goes straight up. You think it goes straight up. Yes, sir. And ill tell you why. He wants to solve the problems that we really have here in terms of straightening out the tax code which i think is a big holdback on these equ...

Lets get right to it because the financials just posted their best day since november 30th, 2011. Lets get in the money and find out. Dan, what do you say . I dont think so. I think it was a very healthy rally today. There was two pieces of news that caused it. We started out the morning with Deutsche Bank saying that theyre going to buy back bonds that have been something that people have been a bit worried about, about their Capital Position and their ability to pay interest on those bonds. An...

The action begins right now. Spending all my nights all my money lets go right to it. The bear had reason to run scared maybe its this. Check out the transports. The economically Sensitive Group of stocks touching a year to date high today. Is this a sign that maybe things are on firmer footing . Dan what do you think . No doubt about it. I think you can take the price action year to date and say this is a group thats one of the worst performing groups late in 2014 and topped out and spent most ...

A flurry of retail results. Some good, some bad. I wonder if restoration or maybe its devastation hardware. Its brutal and they blame the market. Maybe thats the final proof that the high end customer has rolled over. Has pulled back at least. I dont know necessarily were talking about rolled over but theyre blaming the market and theyre talking about volatility and all the things going out on the markets each and every day and i they when you go through the retail environment its good to see ho...

Well from its lows. Question now is how long can it last and that debate fwins right now. Is this real in commodities or not . Its been massive Short Covering. If you take a look at Hedge Fund Flows they start borrowing and start exiting the short positions in these names. You couldnt wait to start the show and tell me that its not. I dont see anything that changed. As a matter of fact thing versus gotten worse. Weve seen what china came out and said with their trade numbers so that economy is n...