Category Archives for General

Tech Tags Another Lifetime High

S&P

The market was weak throughout much of Thursday’s session as risk-off sentiment returned following a Supreme court ruling that will allow the grand jury to have access to President Trump’s tax returns and other financial records. The Court blocked Congress’ access to the records, but the ruling magnified nervousness over the November presidential election and […]

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Bulls Regain Momentum

The market was choppy for much of Wednesday’s session before gaining momentum during the second half of action and into the final hour. The fact that new coronavirus cases confirmations in the U.S. saw a record 60,000 additions in one day weighed on sentiment before Tech led the overall market higher while recording its 25th […]

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Bears Make an Appearance

Recession

The market traded lower throughput much of Tuesday’s session on worries of increased coronavirus concerns and a pause or pullback in reopenings. Fresh worries the bounce in the economy could limit or even thwart additional stimulus recovery funds also weighed on sentiment.The losses helped cool near-term and slightly overbought levels after the Nasdaq’s tagged its […]

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Blue-Chips Recover 200-Day Moving Average

tariff

The market settled higher to kick off the first full week in July, with traders pegging at least part of the bullishness on Wall Street to a powerful rally in the Chinese markets and better-than-expected economic news here at home. The gains helped push the major indexes towards early June peaks with volatility falling to […]

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Tech Tags Fresh All-Time High

The market showed strength throughout Thursday’s action following a better than expected jump in job additions last month, although that was before the more recent surges in coronavirus cases. The major indexes closed off their opening highs after Florida reported a record 10,000 daily increase in confirmed cases but posted solid gains to wrap up […]

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Nasdaq Sets Closing High, Small-Caps Sag

The market settled mixed on Wednesday following a slew of economic reports and positive news on the coronavirus outlook. Improving data on employment and the manufacturing sector helped fuel the opening pop before a consolidation phase formed ahead of the Fed’s meeting minutes.The Fed promised for clarity on the path of rates and also released […]

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Stock futures fall slightly after the market notches its best quarter in decades

S&P 500

Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 50 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin.  The market just notched […]

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Nasdaq Recovers 10,000 Level

The market closed out a solid second quarter, the strongest quarter in over 20 years following better-than-expected housing numbers. Specifically, the S&P Corelogic Case-Shiller 20-City home price index rose 0.9% to 224.1 in April, after jumping 1.1% to 222.2 in March.Comments from Fed Chair Powell gave the major indexes a lift into the closing bell […]

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Bulls Rebound but Outlook Remains Cloudy

The market showed strength throughout Monday’s action following better-than-expected economic news concerning housing and manufacturing. The gains weren’t enough to cover the prior session selloff but eased concerns of a continued pullback.The Russell 2000 tested a morning high of 1,427 while closing at 1,421 (+3.1%). Key resistance at 1,425 was breached but held with a […]

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Bulls Give Up Weekly Gains on Friday Selloff

The market closed at their lowest levels in roughly two weeks following Friday’s steep selloff and continued worries in the spike of coronavirus cases. Texas and Florida were forced to backtrack on reopening their economies as new cases rose further and a record number of fresh cases were also reported nationwide.Financials led the Dow lower […]

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