All posts by Amy Noon

Bulls Showing Continued Momentum

U.S. markets showed overall strength for the 3rd-straight session despite mixed economic news as trade rhetoric showed signs of improving. Reports that U.S. Treasury Secretary Steve Mnuchin will meet with his Chinese counterpart at the G20 gathering late this month helped market sentiment while offsetting a surprisingly weak jobs number.The S&P 500 rose 0.8% following […]

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Small-Caps Breakout Above the 1,600 Level

U.S. markets showed strength throughout Friday while closing near session highs following a surprisingly strong jobs report. The small-caps and Tech led the way higher while the Transports also had an especially strong day which was another positive sign for the market.The gains help offset two days of selling pressure with the major averages closing […]

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Bulls Regaining Momentum

markets

​​U.S. markets showed continued strength on Monday to push 2019 and fresh all-time highs with the gains coming ahead of Wednesday’s Fed update on interest rates. New developments on the U.S. and China trade front also helped sentiment after Treasury Secretary Steven Mnuchin said that negotiations were in the final stages.A busy week of earnings […]

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S&P 500 Holds 2,900

U.S. markets traded in a tight range on Wednesday as Wall Street digested another round of mixed 1Q earnings. The slightly lower finish comes ahead of the release of the DOJ’s redacted version of the Mueller report on Thursday morning along with the market being closed for Good Friday.Volatility spiked to a fresh 2019 low […]

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Bears Stay Aggressive

major indexes

U.S. markets trended lower for a 2nd-straight session as Wall Street awaits Wednesday’s FOMC minutes and Friday’s official start to the 1Q earnings season. The major indexes held near-term support levels holding but closed at sessions low with volatility closing above a key level of support.The Russell 2000 sank 1.3% following the pullback to 1,558. […]

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Bulls on the Brink

U.S. markets showed weakness for the 4th-straight session while holding early February support levels that served as previous resistance. The losses further worried Wall Street but the technical damage remains healthy as long as the lower end of the current trading ranges hold.​ The losses extended the worst week of the year for the major […]

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20-Day MA’s in Focus

U.S. markets were weak throughout much of Wednesday’s session after showing some strength, briefly, at the opening bell. The slow drip lower lasted into the afternoon with the major slightly rebounding but extending their longer-term trading ranges for the 13th-straight session.​ A closer look at the charts show the 20-day moving averages are in play […]

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Another Mixed Session

U.S. markets showed weakness for a 3rd-straight session with the major averages settling mixed as Wall Street digested the latest economic and political news. While both fronts played a role in market direction, the lower lows remain a slight concern although major support levels held for the 2nd-straight session. In a reversal of this week’s […]

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Fed Minutes Show No Surprises

U.S. markets were tentative throughout the first half of action as Wall Street awaited the release of the minutes from January’s FOMC meeting. The minutes were mostly in-line with expectations, with no concrete news on the balance sheet, and a patient approach to rate policy.​ The major indexes reached session peaks ahead of, and just […]

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Bulls Push Resistance After Snapping 2-Session Slide

U.S. markets rebounded on Tuesday following two-days of losses to keep a 5-day mini trading range intact. The major indexes cleared near-term resistance levels and remain on track to clear and hold their 50-day moving averages on continued strength. Earnings from the Financial sector provided some strength despite the mixed results. Meanwhile, volatility eased but […]

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