Alibaba (NYSE:BABA) To Resume Hong Kong Listing Plans As Soon As November

Alibaba Group Holding Ltd (NYSE:BABA) plans to initiate its listing in Hong Kong this November. Alibaba aims at raising approximately $15 billion from this listing. This comes after its plans to actualize the listing were derailed by political instability early this year. The listing of Alibaba in Hong Kong will not only boost the company’s […]

SPY crosses 50 day moving average and its time for a rally

SPY is clinging above the 50 day simple moving average line support on a daily chart. We’ve seen quite a bit of green, fairly fast over the last three days in what has been a volatile month of August. A light volume ahead of a three day weekend today, especially as the trading session progresses […]