Category Archives for General

Financial Earnings Shine, Airline Earnings Disappoint

The stock market struggled on Tuesday as the start of the 3Q earnings season officially got underway with the Financial sector pleasing Wall Street analysts while the Airline sector widely disappointed. However, despite solid beats by the banking companies, shares of Citigroup (C) and JPMorgan Chase & Co. (NYSE: JPM) closed lower for the session […]

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Market Maintains Momentum

The stock market maintained its current momentum following Monday’s gains and ahead of the start of the 3Q earnings season. The major indexes continue to work their way towards fresh all-time highs with the Nasdaq and S&P 500 pushing September peaks and the Dow and the Russell 2000 pushing prior record highs from February.The Nasdaq […]

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Bulls Get Weekly Win Ahead of 3Q Earnings Season

The stock market extended its winning streak to three-straight sessions after closing higher on Friday following a slight breakthrough in stimulus talks. President Trump upped his counter offer to $1.8 billion but Senate Majority Leader Mitch McConnell said a coronavirus stimulus package will not likely happen before the election.Despite the ongoing uncertainty, the major indexes […]

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Small-Caps Breaking Out

The stock market was up for the second-straight session following merger-and-acquisition news and ongoing, but shaky, stimulus talks. Morgan Stanley (MS) agreed to buy Eaton Vance (EV) for $56.50 in a deal valued at $7 billion.Meanwhile, the back-and-forth battle between President Trump and Speaker Nancy Pelosi continued with both trying to negotiate a deal despite […]

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Small-Caps Breaking Out

The stock market showed strong momentum throughout Wednesday’s action while recovering the previous session losses. The small-caps led the charge and appear to breaking out while the other major indexes are approaching prior resistance levels from early and mid-September.Volatility remains the wildcard and has been trapped between the 50-day and 200-day moving averages for 19 […]

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Late Day Trump Tweet Rattles Wall Street

The stock market was choppy throughout much of Tuesday’s action despite a decent jobs report that showed nearly 6.5 million openings. The small-caps were cruising after surging past prior resistance levels from early August while Tech struggled as ongoing stimulus talks and Fed speak remained in focus.The sudden afternoon reversal came after President Trump said […]

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Market Rebounds

Washington DC

The market rebounded on Monday to recover the losses from the previous session following favorable updates on President Trump’s coronavirus symptoms and a return to the White House. An optimistic outlook on more fiscal stimulus returned after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin talked with another meeting expected on Tuesday. The Russell 2000 […]

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Bulls Sweep Weekly Wins

The market struggled on Friday following overnight news President Trump and his wife tested positive for COVID-19. A mixed unemployment report and better-than-expected consumer confidence provided some relief off the opening lows with the blue-chips and small-caps showing midday strength.Despite the overall losses, the major indexes had a solid week while volatility held a key […]

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S&P 500 Reclaims 50-day Moving Average

The market showed continued momentum on Thursday’s open while rising for the fifth time over the past six sessions as a decline in unemployment claims and hope for more government stimulus spending fueled sentiment.The major indexes looked strong until midday before weakening after Senator Chuck Schumer said the Republicans and House Speaker Nancy Pelosi remain […]

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Bulls Rebound Despite Debate Chaos

The market settled higher on Wednesday despite a rowdy presidential debate as traders cheered better-than-expected economic news. Ongoing developments in positive coronavirus news also helped sentiment as the major indexes showed strength for the 4th time in 5 sessions.Concerns about the DC zombies ability to provide the U.S. economy with another round of fiscal stimulus […]

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