Bulls Get 2nd-Straight Weekly Win

U.S. markets settled mixed on Friday as a somewhat lackluster monthly jobs report solidified bets that the Federal Reserve will cut rates again when it meets later this month. The mixed and lackluster session closed out another strong week for the market with the major indexes recovering much of the losses from August following the […]

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Bulls Power Past Major Resistance

U.S. markets showed continued strength on Thursday following news that U.S. and Chinese trade officials will meet early next month. Chinese Vice Premier Liu He agreed to a visit in early October during a telephone call with U.S. Treasury Secretary Mnuchin and U.S. Trade Representative Lighthizer.The gains helped the major indexes clear major resistance levels […]

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Whipsaw Action Continues as Bulls Push Prior Resistance

U.S. markets showed strength throughout Wednesday’s session as positive developments overseas and a ton of Fed speak here at home helped sentiment. The major indexes have remained in a longer-term trading range since the start of August but are once again pushing near-term and crucial resistance levelsThe Nasdaq rallied 1.3% after reaching a late day […]

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Bears Return as VIX Holds 20

U.S. markets started the shortened holiday week with losses after the latest round of tariffs on Chinese goods went into effect over the weekend. U.S. and Chinese officials offered little details on their tentative face-to-face trade talks due to be held this month after the U.S. spurned a request to delay tariffs.Economic news also weighed […]

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Bulls Snap 4-Week Slide, Bears Take August

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U.S. markets closed mixed on Friday as the blue-chips and S&P 500 rebounded into positive territory after being down for much of the day to extend their winning streak to 3-straight sessions. Tech and the small-caps, however, closed lower as Wall Street remained focused on developments related to the U.S.-China trade conflict as well as […]

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Bulls Keep Momentum Ahead of Last Trading Day for August

U.S. markets showed continued strength on Thursday following news that China will refrain from retaliating to the extra 5% tariff on $300 billion in Chinese goods imports. Additionally, China’s commerce ministry said September trade talks are still on the table and that the U.S. and Beijing have maintained effective communication on trade.The mini breakout helped […]

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Bulls Recover Near-Term Support Levels, Again

U.S. markets continued their month long see-saw action after tapping fresh weekly lows, then closed higher, despite moves in the U.S. bond market highlighting ongoing fears of a recession. The 10/2-year Treasury yield inverted to levels not seen since 2007 with the rate on the benchmark 30-year Treasury bond also hitting a new all-time low.Despite […]

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Small-Caps Push Fresh Monthly Low

U.S. markets edged cautiously higher to start Tuesday’s session as optimism over the U.S.-China trade outlook carried over from the previous session. However, the apparent chatter, if ongoing calls have been happening, or not, derailed sentiment as President Trump’s apparent walk back of his trade war stance has mollified Wall Street.The small-caps showed the most […]

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Bulls Avoid More Selling Pressure, For Now

U.S. markets avoided a continued selloff on Monday as U.S.-China trade tensions eased following the escalation on Friday. In speaking from the G-7 in France, President Trump appeared to dial back the rhetoric, saying talks with China were much more meaningful than at any time while saying that anything’s possible when asked if he would […]

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Bears Get 4th-Straight Weekly Win

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U.S. markets were showing some strength ahead of Friday’s open but reversed course following news China will implement 5% to 10% tariffs on a further $75 billion of U.S. goods. Fed Chair Jerome Powell’s speech shortly after the open wasn’t much help as he was coy on interest rates with President Trump fuming afterwards, saying […]

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