All posts by Amy Noon

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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VIX Pushes February Resistance as Small-Caps Tap 2-Year Lows

U.S. markets showed continued weakness and downside momentum on Thursday with the major indexes setting another round of fresh 52-week lows. Much of the negative sentiment came from a looming government shutdown and the continued fallout from the Fed’s latest interest rate hike. ​The market reached session lows late in the afternoon following news the […]

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09-23-2018 Trade of the Day

Mixed Week on Tech Weakness MARKET SUMMARYThe market opened in positive territory on Friday as the Dow and S&P 500 both established fresh all-time highs. However, Tech and the small-caps weakened shortly afterwards while spending the rest of the session underwater.Some of the nervousness was compounded by index re-balancing as the S&P moved some internet […]

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06-25-2018 Trade of the Day

VIX Surges 26% to April Peaks MARKET SUMMARYU.S. markets were slammed on Monday as renewed trade concerns caused a fresh wave of panic selling. The White House said it is crafting legislation to limit Chinese investment in U.S. technology companies more broadly, along with blocking tech exports.The rhetoric has heightened the trade debate as volatility […]

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