Dow/ S&P 500 Clear 50-Day MA’s

U.S. markets showed slight weakness on Thursday’s open before regaining momentum shortly afterwards to push higher highs and near-term resistance levels. The major indexes got an added spike in the final hour of action on reports the U.S was weighing lifting China tariffs to hasten a trade deal. The overall gains and continued closes above […]

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Small-Caps Clear 50-Day MA

U.S. markets showed strength for the 2nd-straight session following better-than-expected earnings from the Financial sector that will be in focus throughout the week. The gains helped the major indexes edge closer to near-term resistance levels with the 50-day moving averages in play. The continued January rebound rally continues to look bullish with the major indexes […]

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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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Bears Get Back-to-Back Wins

U.S. markets showed weakness for the 2nd-straight finish while closing lower as the start of 4Q earnings season heats up this week. Tech and the small-caps were hit the hardest as the overall market had it first back-to-back loss of the year. Concerns over an economic slowdown in China also dampened sentiment along with a […]

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Small-Caps Extend Winning Streak to 6-Straight Sessions

​U.S. markets showed weakness throughout Friday’s session while ending mostly lower for the first time in 6 sessions. There was strength into the closing bell with the major indexes making a strong push to see green on the flat session. The small-caps showed strength after holding positive territory throughout the second half of action with […]

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Bulls Get 5th-Straight Win

U.S. markets closed closed higher for the 5th-straight session despite opening weakness and a back-test to near-term and mid-December support levels. Fed Speak and more rhetoric over the DC gridlock and partial government shutdown led to the choppiness before the midday rebound into positive territory. The major indexes also cleared previous session highs and remain […]

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Bulls Continue to Climb Wall of Worry

​​U.S. markets showed continued momentum following the 4th-straight session of higher highs. News that U.S. and China trade talks resumed for a 3rd-straight day that were unscheduled, but have now ended, are hinting real progress is being made. The strength came despite fresh concerns over the U.S. debt ceiling and possible credit downgrade and ahead […]

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Bulls Eyeing 50-Day Moving Averages

​U.S. markets showed strength for a 3rd-straight session as U.S. and China trade talks resumed for a second day. Comments from both sides have expressed cautious optimism that a deal can be reached ahead of the March 1st deadline. Reports say both sides are making progress on narrowing the differences on trade issues, especially on […]

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Bulls Push Prior November Support Levels

U.S. markets showed continued strength to start the week while testing and clearing near-term and major resistance levels that served as prior support from mid-November. Much of the strength was attributed to the beginning of the first face-to-face meeting between U.S. and China officials since both sides agreed to a 90-day truce in the ongoing […]

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Bulls Rebound, Get Weekly Win

U.S. markets rebounded on Friday following a strong jobs number and optimism surrounding the scheduled trade talks between the U.S. and China. Talks will begin on Monday.  Soothing comments from the Fed and news that the U.S. House passed a spending bill package in an effort to end the partial government showdown also helped sentiment.The […]

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