Admittedly, that was a trading week not worth forgetting. More importantly, it was a trading week that was very concerning even as the S&P 500 finished higher by .49% for the week. The news of the week that contributed to the action was both domestic and foreign in nature. The failure of Italy to form…
The prior week for equity investors and the major averages was shaping up to be a strong week, that is, until the markets hit a wall. The latter trading days, Thursday and Friday, found a lack of buyers and more selling pressure, which ultimately drove the S&P 500 below its 50-DMA once again and in…
I don’t usually execute these types of articles anymore, but sometimes it’s necessary or pertinent to do so. Friday was a strange day for me and as such, you’re gonna hear about it! The major averages fell sharply on Friday as bond yields climbed further, ending the week near the highs. The benchmark 10-year Treasury…
After an outside reversal trading day last Friday that found the Nasdaq going from up 1% to negative .23% and the Dow and S&P 500 basically flat for the day, index futures are in the red and following the lead of Asian markets. Friday’s late day reversal came on the announcement from the Robert Mueller…
