Tech Shows Strength

The market held positive throughout Wednesday’s session following another round of optimism on the U.S.-China trade standoff. U.S. Treasury Secretary Mnuchin said analysts were about 90% of the way there on a deal and he believes there is a path to complete ​it.Of course, this was old news but recycled as the market settled mostly […]

Continue reading

Bears Keep Momentum

U.S. markets were weak throughout Tuesday’s action as Fed Speak and disappointing economic news weighed on sentiment. Chatter over interest rates, where the housing market is headed, and what the near-term outcome will be from this weekend’s G20 summit were too much to avoid a 3rd-straight overall pullback.One bright spot was the small-caps showing some […]

Continue reading

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 […]

Continue reading

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. […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading