Holding Pattern Remains Intact

U.S. markets showed strength throughout Monday’s action, despite disappointing economic news and continued chatter over China tariffs. Commerce Secretary, Wilbur Ross, said President Trump would be perfectly happy imposing tariffs on the remaining $300 billion of Chinese imports if they fail to agree a deal.Additionally, Ross also said that Trump is giving very serious thought […]

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Bulls Get 2nd-Straight Weekly Win

U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend.The […]

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Small-Caps Lead Rebound to Prior Resistance

U.S. markets rebounded on Thursday to snap 2-session slide despite a spike in crude oil prices, which was triggered after two tankers were damaged in a suspected attack in the Gulf of Oman. The major indexes shrugged off the news after holding positive territory throughout the session while finishing just off the session highs and […]

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Bears Push Near-Term Support

treasury yields

U.S. markets showed weakness for a 2nd-straight session while closing slightly lower in anticipation of what the Fed may or may not do ahead of next week’s FOMC update. The pullback held near-term support levels with the possibility of a mini-trade range developing into the announcement on interest rates.The Nasdaq was down 0.4% after testing […]

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Bulls Take a Breather

U.S. markets showed opening strength on Tuesday before closing slightly lower following renewed tariff threats with China. President Trump continued his stance that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.The Nasdaq was lower by a half-point, or 0.01%, following […]

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Dow Holds 26,000 Level

U.S. markets showed continued momentum to start the week after Mexico reached a deal to avoid the implementation of tariffs that were set to start on Monday. Meanwhile, President Trump said he believes China will make a deal with the U.S. because they’re going to have to, adding the country is getting absolutely decimated by […]

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Bulls Post Best Week for 2019

major indexes

U.S. markets showed continued strength on Friday with the major indexes capping off their best week of the year despite an underwhelming jobs report. However, the lousy news helped support the case for the Fed to ease interest rates in the near future, on worries the U.S. economy is decelerating as trade tensions with Mexico […]

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Small-Caps Show Continued Weakness

U.S. markets were mostly higher on Thursday after making higher highs while trading in tighter ranges ahead of Friday’s Employment Report. Other economic news concerning jobs came in soft and led to the opening choppiness along with ongoing trade concerns with Mexico over the near-term.Mexican President Obrador believes a deal could be achieved with more […]

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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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Bulls Rebound With S&P 500 Clearing 200-Day MA

major indexes

U.S. markets showed strength on another turnaround Tuesday following hopeful signs from Mexico and China that a resolution might be on the horizon, although it is not clear it would be anytime soon. President Trump suggested that the June 10th tariffs on Mexico will be applied as threatened, though Mexico’s foreign minister thinks there is […]

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