However unfortunate it may be, or maybe that depends on one’s positioning, the Nasdaq rollover from Tuesday extended to Wednesday as certain FANG stocks continued their decline. The S&P 500 and Dow Jones Industrial Average also fell yesterday to a lesser degree. While the S&P 500 index is down less than 10% from its peak…
After a near 700-point rally on the Dow Jones Industrial Average Monday many were of the opinion that the markets may have finally double-bottomed. Tuesday found that sentiment quickly out of favor and retracted as the Dow gave up much of Monday’s gains with the Nasdaq falling 2.9% on the day. The tech sector fell…
The major indices soared yesterday by more than 2%, with little intraday pullback. It was a slow but steady climb post the closing of European markets. It appears as though the S&P 500 200 DMA did indeed prove to be supportive as the index narrowly held above the moving average last Friday. Any number of…
If you’re just waking up to seeing U.S. equity futures up by more than 1%, you’re likely in a better mood than last week, when markets ended the week with the major averages down more than 1 percent. It’s been one thing after the other causing markets to decline since February. But this week marks…
Earlier this month, Target released its Q4 2017 results alongside 2018 guidance. The release brought with it selling pressure on the stock, which has yet to recover and as the broader market experiences steep declines. Much of the reaction to the Q4 2017 results was a result of a stock price that had stormed higher…
Earlier this month, Target released its Q4 2017 results alongside 2018 guidance. The release brought with it selling pressure on the stock, which has yet to recover and as the broader market experiences steep declines. Much of the reaction to the Q4 2017 results was a result of a stock price that had stormed higher…...
This is the kind of equity market atmosphere or climate can often find investors on the outs, giving up on equities and lacking for long-term vision. For more than a month, the major averages have found themselves correcting by over 10% only to rally by 6% and now with the Dow and S&P 500 back…
Up, down and all around went the markets yesterday and post the Fed rate hike announcement. The FOMC, led by Jerome Powell, approved the widely expected quarter-point hike that puts the new benchmark funds rate at a target of 1.5% to 1.75 percent. It was the sixth rate hike since the Federal Open Market Committee…
One thing after another has been holding the major averages in a pretty narrow range as of late. Most issues surround the White House while others are more market or economy specific. If we were to line up the market concerns they might look as they are bullet pointed below and in no specific order…
Yesterday proved to be a most interesting trading day with the Dow falling as much as 490+ points. The most interesting point of the major averages, which fell in unison, is that they did so in such a steady and methodical fashion. Panic and great volume was absent the decline that happened in a more…
