WebMD (NASDAQ:WBMD) shares are catching a bid premarket on news that it held discussions with various PE firms regarding a potential buyout, but...
WebMD Shares Pop On Report Of PE Buyout Talks
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EUR/GBP support still in place
Important technical support at .8490 held firm overnight despite a marginal break below. Stubborn longs should now consider reducing or scrapping their positions on a clean break below .8475 as there is daylight until .8200/50 and market chatter is that there are some big stops on the .84 handle....
US index test critical Fibo support
As noted earlier, 78.49, the 61.8% Fibo is a quite important level. it was test but is holding by a thread at the...
Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
The Other Business Apple Is Good At
Too much talk this week was about Apple, the release of the new iPad, the new $660 price target at Goldman Sachs, etc. But you know what else...
Cable slump extends as stops triggered
Well looks as though there were decent-sized stops below 1.5850, as suspected. We’ve moved quickly lower, presently at 1.5810. Technical supports lined up at 1.5800/05, 1.5775 and 1.5750/55. Risk sentiment isn’t in good shape this morning, S&P futures off 7 points, and this will be...