Category Archives for General

Nasdaq Up 5-Straight Sessions

U.S. markets showed strength throughout Thursday’s session while recovering losses over the last couple of sessions to keep fresh resistance and 2019 highs in play.Better-than-expected economic news helped overall sentiment but the weakness in the Financials remain a slight concern following the Fed news they weren’t going to raise rates this year.The Nasdaq jumped 1.4% […]

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Fed Stands Pat on Interest Rates

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U.S. markets were weak throughout much of Wednesday’s session as Wall Street awaited the afternoon Fed update on interest rates and digested the latest tariff and trade news with China. President Trump indicated he would leave tariffs on China for a substantial period of time to make sure that if a deal with China was […]

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Market Mixed Ahead of Fed Minutes

major indexes

U.S. markets showed overall strength for the 5th time in 6 sessions before a mixed finish with the overall market and Tech continuing their run to fresh 2019 highs. The blue-chips continue to make higher highs and the small-caps are making a move out of a 5-session trading range.The action was bullish although slightly overbought […]

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Bulls Get 2nd-Straight Monday Win

major indexes

U.S. markets closed higher for the 2nd-straight Monday as the major indexes continue to work their way back towards all-time highs. The small-caps are still in correction territory but the overall market is only 4%-5% away from late September and early October peaks. Economic news was light and ahead of Tuesday’s start of the FOMC meeting […]

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Bulls Storm Back With Big Weekly Win

U.S. markets showed strength throughout much of Friday’s action following reports the U.S. and China have further made concrete progress on the text of the trade agreement between the two sides.The major indexes reached session highs midday while holding the majority of the gains into the closing bell and wrapping up a solid week. Volatility […]

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Bulls Get Hat Trick

U.S. markets showed strength for the 3rd-straight session as better-than-expected economic news outweighed recent trade headlines. Tech led the rally to higher highs with the Dow lagging but finishing in the green for the 2nd time in 3 sessions.The major indexes remain on track to recover the lower end of the previous near-term trading ranges […]

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Blue-Chips Weak but Bulls Maintain Strength

major indexes

U.S. markets showed strength for a 2nd-straight session but settled mixed as the blue-chips struggled. Some of the nervousness came after White House trade chief Robert Lighthizer warned that negotiations to end the tariff war with China were at risk of failing.Lighthizer went on to say major issues needed to be resolved before an agreement […]

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Bulls Snap Back Following Fed Comments

major indexes

U.S. markets snapped a 5-session slide despite early weakness in the blue-chips following an upbeat interview with Fed Chair Jerome Powell that aired Sunday evening. Powell said despite global headwinds, the Fed is not in any hurry to alter rates for now and remains patient.The rebound cleared prior and near-term resistance levels with volatility falling […]

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Bears on 5-Session Winning Streak

U.S. markets showed weakness for a 5th-straight session while wrapping up their worst week of the year following a weak jobs report. Although the headline number was much weaker than expected, there were several components that were solid, along with housing data that was also released. The major indexes were able to rally off their […]

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Bulls on the Brink

U.S. markets showed weakness for the 4th-straight session while holding early February support levels that served as previous resistance. The losses further worried Wall Street but the technical damage remains healthy as long as the lower end of the current trading ranges hold.​ The losses extended the worst week of the year for the major […]

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