Category Archives for Todd’s Market Update

Nasdaq Stays Strong, Extends Winning Streak to 7-Straight

The market started off with slight losses on Monday as a significant rise in corona virus cases in a number of states worried Wall Street. Although hospitals remain well equipped for the rapid rise, more states are reopening in different phases that could add to the numbers.News that a 4th stimulus package could be forthcoming […]

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Bulls Get Weekly Win Despite Friday’s Whipsaw Action

The market settled mostly lower on Friday after a strong open following the World Health Organization’s update that the coronavirus pandemic remains a deadly threat. Comments from several Fed members also led to the whipsaw action along with option expiration for June contracts.Tech was the lone standout with the Nasdaq closing higher for the 6th-straight […]

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Nasdaq Up 5-Straight Sessions in Lackluster Action

The market closed on both sides of the ledger on Thursday following another round of mixed economic news and ongoing worries over the rise in the number of corona virus cases. Volatility settled lower for the 5th-straight session after closing below a key level of support.The Russell 2000 tested a morning high of 1,439 before […]

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Nasdaq Stays Strong Despite Overall Market Pullback

S&P

The market closed mostly lower on Wednesday with Tech escaping the pullback to record with its 4th-straight session win. The small-caps led the pack lower and continue to make the most violent price swings although volatility continues to track lower lows.This action is signaling a possible trading range forming as Wall Street awaits 2Q earnings […]

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Bulls Stay Strong with 3rd-Straight Win

The market closed higher for the 3rd-straight session following reports President Trump is pushing a $1 trillion stimulus package to rebuild our bridges and roads while providing greater access towards 5G networks and improving internet services in rural areas of the country. Additionally, a breakthrough in the treatment of the corona virus using a widely […]

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Bulls Get 2nd-Straight Win Despite Opening Selloff

The market closed higher on Monday following a sharp rebound off the opening lows after the Federal Reserve took further steps to keep credit flowing to big businesses. The announcement came amid signs of a resurgence of the corona-virus pandemic in parts of the world and here at home in a number of states.The Russell […]

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Bears Stay Aggressive

investors

The market closed higher Friday in choppy trading as Wall Street attempted to recover from the prior session’s steep losses. The wild price swings were marked by wild swings, with the S&P 500 up nearly 3% at its peak and down over 0.5% at the low.The gains didn’t offset the weekly loss as the bears […]

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Bears Get Aggressive

U.S. markets

The market took a step back on Thursday as fears of a resurgence in coronavirus infections and a gloomy economic forecast from the Federal Reserve halted the current momentum. The selloff was the steepest since mid-March with prior support levels from late May back in play.The Russell 2000 tapped a late day low of 1,355 […]

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Fed Update Weighs on Market

The market ended a choppy session mostly lower on Wednesday after The Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year. In its latest policy statement, The Fed also forecast a 9.3% unemployment rate at year’s end, with its members also forecasting the […]

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Nasdaq Tags 10,000

The market settled mostly lower on Tuesday as Wall Street awaited Wednesday’s update from the Fed. Tech bucked the trend after showing strength shortly after the open and was the only sector that closed higher for the session.The Tech gains helped the Nasdaq to its 3rd-straight all-time high with the index briefly clearing the 10,000 […]

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