Category Archives for Todd’s Market Update

Bulls Tap Fresh All-Time Highs

The market showed continued momentum on Tuesday with the small-caps and blue-chips setting fresh all-time highs. The gains were fueled by news the Trump administration has approved the start of a formal transition to President elect Biden.Additionally, the pick of Janet Yellen for Treasury Secretary calmed fears of a more radical pick and added to […]

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Small-Caps Tap Another All-Time High

The stock market rebounded on Monday following the 3rd-straight week of a positive announcement concerning coronavirus. AstraZeneca (AZN) said that its vaccine is up to 90% effective but slightly below the 95% effective rates from the previous companies that have reported updates.The small-caps tapped a new record high while Tech was more volatile after trading […]

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Market Mixed for the Week

The stock market traded in another tight range on Friday as ongoing coronavirus concerns and renewed state restrictions weighed on sentiment. Selling pressure picked up in the final hour of trading with the lower closes for the major indexes giving the bulls and bears a split for the week.Overbought conditions remain in play while volatility […]

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Bulls Rebound Despite Rising Jobless Claims

The stock market traded in the red throughout the first half of Thursday’s action following news Initial Jobless Claims gained 31,000 to 742,000 last week. The concern over coronavirus cases continued as New York closed the nations biggest school district with more closures coming in other major cities by Friday night.The bounce off the lows […]

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Choppy Action Continues

The overall market was choppy on Wednesday after trading on both sides of the ledger while closing in the red for the second-straight session. Better-than-expected housing numbers and ongoing vaccine hopes provided strength on the open that fizzled midday.The bears pushed lower lows but haven’t made much of a dent following the recent push to […]

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Small-Caps Show Continued Strength

The market was choppy throughout Tuesday’s action following a weaker-than-expected retail sales report ahead of the opening bell. The major indexes were down well over 1% within the first half hour of action before rebounding throughout the session while closing mostly lower.The small-caps outperformed after setting another all-time peak with Tech also showing some intraday […]

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Bulls Keep Momentum on Continued Vaccine hopes

Wall Street closed higher on Monday on fresh record highs after Moderna (MRNA) became the latest major drug-maker to announce positive data for its coronavirus vaccine candidate. The company said its vaccine is 94.5% effective based on early results but the logistical challenge of manufacturing and distribution remains a slight unknown.The Russell 2000 closed on […]

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Small-Caps Tag Record High

Wall Street closed higher on Friday to close out a strong week, overall, with the S&P 500 closing at a record high while the Russell 2000 also tagging a fresh all-rime peak. Better-than-expected earnings from Cisco Systems Inc. (Nasdaq: CSCO) and Walt Disney Co. (NYSE: DIS) helped the blue-chips after both companies reported better-than-expected earnings.Tech […]

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Bears Make an Appearance

Wall Street closed lower on Thursday following ongoing news in the spike of coronavirus cases and fresh lockdowns in Chicago and tighter restrictions in other states. A continued breakdown in stimulus talks also weighed on sentiment after the Trump administration said it was leaving negotiations on a new stimulus package up to Congress.The Russell 2000 […]

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Tech Leads Lackluster Action

S&P

Wall Street closed on both sides of the ledger on Wednesday with Tech outperforming to snap a two-session losing streak. A continued surge in coronavirus cases and fresh restrictions upcoming in New York this Friday weighed on sentiment.The blue-chips and the small-caps were underachievers with both closing slightly lower for the first time this week. […]

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