Category Archives for General

Bears Snap 3-Session Losing Streak

The market closed lower Tuesday with the major averages pulling back for the first time in three sessions after trading in tight ranges. Continued good news from the housing market propelled the opening gains before nervousness ahead of the first presidential debate and the November election caused some nervousness.The event is not much of a […]

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Bulls Get Back-to-Back Friday/ Monday Wins

The market showed continued momentum throughout Monday’s session while closing just off the session highs as bargain-hunting from last week’s monthly lows continued. The follow thru close from Friday’s action was a bullish signal as the overall market had its first higher Friday and Monday closes in more than a month.This can be a mildly […]

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Bears Stay Hot but Tech Shines

The market showed strong momentum on Friday, a rare event for September, to give the bulls some hope heading in the final three trading days for the month. Disappointing news weighed on the open that was followed by choppy action until midday with the exception of Tech and the small-caps.The strong closes weren’t enough to […]

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Choppy Action Continues

The market traded on both sides of the ledger on Thursday following mixed economic news on the open and positive developments shortly afterwards. Negotiations to restart on another fiscal relief bill sent the market to midday peaks after the major indexes set fresh monthly lows, excluding the Nasdaq, shortly after the opening bell.The Nasdaq traded […]

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Bears Regain Momentum

The market continued its September struggle following another choppy session on Wednesday despite positive news on the corona virus vaccine front and the extension to fund the government. Johnson & Johnson (JNJ) announced it is beginning a 60,000 patient phase 3 trial which will notably feature only one dose and is expected to cost $480 […]

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Bulls Bounce but Do Little Damage

The market rebounded on Tuesday, snapping a four-day losing streak for two of the three major indexes, as traders looked past rising corona virus case counts around the world and intensifying political tensions in DC.Fed Reserve Chairman Jay Powell expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support but […]

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September Selloff Continues

The market continued its September swoon on Monday as corona virus case counts surged around the world along with the passing of Supreme Court Justice Ginsberg which caused a heated debate on when the next Supreme Court should be picked.Negotiations on a new stimulus package that continues to remain in a stalemate and funding for […]

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S&P 500 Closes Back Below 50-Day Moving Average

The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment.The choppy trading action also marked quadruple witching and happens on the third Friday of […]

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Bears Return to Push Prior Trading Ranges

The market settled in a sea of red on Thursday following disappointing economic news and the continued fallout over negotiations on another  stimulus package. The losses held near-term and key support levels with the bulls needing a bounce back on Friday to avoid their 3rd-straight weekly loss.The Dow had its 4-session winning streak snapped after […]

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Fed Keeps Interest Rates Unchanged

The market traded mostly higher ahead of the FOMC announcement with Tech reversing course shortly after the opening bell. Better-than-expected earnings from FedEx (FDX) helped Transportation stocks with Eli Lilly (LLY) lifting the healthcare sector following news of another possible method for treating coronavirus beyond finding a vaccine.The major indexes got stronger, with Tech rebounding, […]

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