Caesars Wins Big; Walmart Gets Sued

Stock Market

The stock market got out to a quiet start on Monday morning, as investors tried to remain patient as they waited to see what would come from the G-20 meeting in Japan later this week. Many market participants are hopeful that leaders of the U.S. and China will finally come to a longer-term resolution of […]

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Dow Shows Strength Ahead of a Busy Week

U.S. markets showed weakness for a 2nd-straight session while settling mostly lower to begin the week. Tensions with Iran remain elevated following fresh sanctions, while the G20 summit looms at the end of the week.China trade relations also remain a big focus after Chinese vice commerce minister Wang Shouwen said China would like the U.S. […]

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Bulls Maintain 3-week Winning Streak

major indexes

U.S. markets were choppy to start Friday’s action after President Trump called off strikes on Iran because they were not commensurable relative to Iran’s recent downing of a U.S. drone. The major stock indexes rebounded off the opening lows on news Vice President Mike Pence postponed a China policy address amid positive signs on trade.The […]

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S&P 500 Taps Fresh All-Time High

U.S. markets opened in rally mode while pushing all-time highs following the FOMC’s recent dovish stance along with improved trade hopes after Mexico ratified the USMCA deal. The major indexes backed off their highs and nearly plunged into negative territory after President Trump tweeted Iran made a very big mistake after shooting down drone owned […]

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Small-Caps Clear 50/200-Day Moving Averages

U.S. markets were neutral for much of Wednesday’s action as Wall Street awaited the Fed’s latest decision on interest rates. The action afterwards was slightly bullish as the Fed left rates unchanged but dropped strong hints a cut could come as early as July.The key takeaway from the policy statement is the Fed removed the […]

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Nasdaq Clears 50-Day Moving Average

U.S. markets rallied on Tuesday following fresh trade optimism with China and ahead of the FOMC’s latest decision concerning interest rates on Wednesday. President Trump tweeted that he had a very good conversation with President Xi of China with an extended meeting planned for next week at the G-20 in Japan.The higher highs cleared near-term […]

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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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