Category Archives for General

Bears Growl, Push Mid-December Support Levels

U.S. markets showed weakness from the open on Thursday, following a couple of major revenue warnings out of the Tech and Airline sectors. The news comes ahead of the “official” start of 4Q earnings season and upcoming comments from Fed Chairman Jerome Powell on Friday. With mid-December support levels back in play, the market will […]

Continue reading

VIX Closes Below 25

U.S. markets were rocky to start the New Year following disappointing economic news from around the globe. The opening pullback fueled continued fears of a global slowdown, but the losses were quickly recovered by midday with the major indexes finishing slightly higher for the session. The U.S. government shutdown shows no signs of slowing despite […]

Continue reading

Bulls End 2018 on High Note

U.S. markets showed strength on Monday’s open after President Trump said he spoke on the phone with Chinese President Xi Jinping and that trade negotiations were moving along very well as they made big progress toward cutting a deal. The developments were short-lived as the market turned choppy while giving back the majority of the […]

Continue reading

Bulls Get First Weekly Win in a Month

U.S. markets were choppy throughout Friday’s action but traded in a much tighter trading range while closing mixed. The major indexes closed higher for the week for the first time since the end of November but are still down sharply for the month. The ongoing government shutdown is likely to stretch into January after no […]

Continue reading

VIX Closes Below 30

U.S. markets continued a whipsaw week after trading in and out of positive throughout the session. The late day rebound off the intraday lows was a slightly bullish signal as the major indexes closed higher for the 2nd-straight session. Debate continues whether this is a true measure of sentiment between the holidays or a buying […]

Continue reading

Bulls Post Best Day in a Decade

U.S. markets were volatile on Wednesday after opening sharply higher following the worst ever Christmas Eve for stocks. The gains were short lived as the major indexes turned negative within 30 minutes of trading.It appeared the selling pressure would lead to another rout, but buyers stepped up as the market tries to find a near-term […]

Continue reading

Bears Maintain Momentum

U.S. markets closed sharply lower Friday, as Wall Street braced for a partial government shutdown and slowing global growth. The losses punctuated five days of selling pressure with fresh 52-week and multi-year lows now in focus.The Dow joined the other major indexes after officially forming a death-cross and has followed the Transports lower as the […]

Continue reading

VIX Pushes February Resistance as Small-Caps Tap 2-Year Lows

U.S. markets showed continued weakness and downside momentum on Thursday with the major indexes setting another round of fresh 52-week lows. Much of the negative sentiment came from a looming government shutdown and the continued fallout from the Fed’s latest interest rate hike. ​The market reached session lows late in the afternoon following news the […]

Continue reading

Major Indexes Tap Fresh 52-week Lows

​U.S. markets showed opening strength on Wednesday and ahead of the Fed announcement on interest rates. As expected, the FOMC raised the funds rate target by quarter-point with the major indexes losing steam immediately following the news. The major indexes made higher highs from the previous session ahead of the Fed news but the nasty […]

Continue reading

VIX Closes Above 25 Ahead of Fed Decision

U.S. markets showed strength on Tuesday following 3 sessions of heavy selling pressure as the start of the Fed’s 2-day meeting on interest rates got underway. While most of Wall Street is expecting a quarter-point rate hike, the hope is the Fed’s language will soften for future rate hikes, or none, in 2019. ​​If the […]

Continue reading