All posts by Todd Mitchell

11-27-2018 Todd’s Market Update

Bulls Keep Slight Momentum U.S. markets opened at sessions lows before battling back to finish mostly higher on Tuesday. Some of the nervousness comes ahead of the FOMC minutes and comments that were made from a couple of Fed officials.​The indexes showed strength after Director of the National Economic Council, Larry Kudlow, said that President […]

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11-26-2018 Todd’s Market Update

Bulls Rebound/VIX Closes Below 20 U.S. markets bounced back after the holiday weekend, propelled higher by Italy relaxing its stance on the budget impasse with the EU, and hopes for a trade deal between the U.S. and China later this week at the G20 meeting.​Oil prices rebounded to close near $52 a barrel following Friday’s […]

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11-25-2018 Todd’s Market Update

Bears Get 2nd-Straight Weekly Wins U.S. markets closed mostly lower in Friday’s shortened trading session as falling oil prices and light volume weighed on the major indexes. The slide in oil prices have put the commodity in a bear market and weighed heavily on the energy sector.​Volatility remains slightly elevated with the major indexes extending […]

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11-21-2018 Todd’s Market Update

Rebound Rally Unimpressive as Blue-Chips Slip U.S. markets showed strength for the majority of the session with some late day selling pressure resulting in a mixed finish. A report that White House trade advisor Peter Navarro would not be attending a Trump-Xi meeting helped fuel the rebound following 2 days of heavy selling pressure.Although there are […]

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11-20-2018 Todd’s Market Update

VIX Surges to Monthly High U.S. markets skidded for a 2nd-straight session with the Dow and S&P 500 giving back their gains for 2018. The Nasdaq is still marginally higher for the year but is testing multi-month lows. The small-caps went into negative territory, for the year, 7 sessions ago.​Although there are signs of a possible […]

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11-19-2018 Todd’s Market Update

Tech Tumbles as Bears Eye October Lows U.S. markets opened slightly lower to start the week with selling pressure lasting throughout the session. Concerns over the U.S./ China trade tiff dominated headlines after U.S. Vice President Pence said that the U.S. wasn’t in a rush to end the trade war and would not change course […]

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11-18-2018 Todd’s Market Update

Bulls Keep Slight Momentum U.S. markets settled mostly higher for a 2nd-straight day despite Tech lagging for much of the session. The lackluster action gained some momentum after President Trump said he was hopeful that the U.S. and China will strike a deal on trade.White House officials later downplayed the remarks that a deal was […]

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11-15-2018 Todd’s Market Update

Bulls Make an Appearance but VIX Remains Above 20 ​U.S. markets rebounded on Thursday while closing higher for the first time this week and snapping multi-session losing streaks. News that the U.S. and China have intensified efforts to strike a truce at the G20 helped fuel momentum.​​The major indexes did set lower lows for the […]

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11-14-2018 Todd’s Market Update

Bears Stay in Control​ U.S. markets showed strength on Wednesday’s open before turning south afterwards and showing weakness for the 5-straight session. The rebound off the lows was slightly encouraging but October lows remain in play.A death-cross has officially formed in the small-caps for the first time in 2 1/2 years and remains a concern. […]

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11-12-2018 Todd’s Market Update

Bears Stay Aggressive as VIX Clears 20​ U.S. markets showed continued weakness on Monday as a rise in the U.S. dollar and lingering worries about global trade weighed on sentiment. Oil price concerns also played a role after Saudi Arabia said it would cut its oil production, while the Organization of the Petroleum Exporting Countries […]

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