Stocks Rally As They Await The Fed Decision
Stocks Rally Slightly & Curve Flattens With the North Korean news in the rear-view mirror and the Fed meeting ahead, the stock market rallied slightly on Tuesday. The Russell 2000 was up 0.46% and the Nasdaq was up 0.57%. The S&P 500 was up 0.17% which brought it to 2,786.85. That is less than 1 point…
Stocks Wait For The Big News Events To Occur This Week
Slightly Positive Monday Monday’s trading action was what you’d expect from a market anxiously waiting for big new events to unfold later in the week. The S&P 500 was up 0.11% which 4.57 points off the March high. The S&P 500 almost crossed above that point, but there was a minor selloff at the end of…
Investors Are Becoming Optimistic (Not Good)
Optimism Is Here I’m strongly in the camp which expects the S&P 500 to break its all-time high opposed to forming a double top. I’m not big on technical analysis, but that would be a scary chart pattern if it occurred. However, even though I’m still bullish on the stock market in the near term,…
What to Do While Waiting for the FOMC?
As the world awaits the most important week of the year there are a few trading opportunities you can take advantage of. In this video newsletter update find out the types of trades you may want to take while you wait for the week to unfold...
S&P 400 Hits A Record High
Another Rally- Stocks Are On Fire On Friday stocks had an across the board rally as all major indexes went up. The S&P 400, which is a mid cap index, hit an all-time high as it was up 0.5%. The S&P 500 outperformed the Nasdaq and Russell 2000 as it was up 0.31%. The S&P…
You Ready for an Eventful Week in the Markets?
Volatility has expanded slightly for all of the binary events next week. A short list includes G7, North Korea summit, FOMC, ECB, and BoJ. In this crucial weekend video newsletter update we focus on trade opportunities you may want to take advantage of. Watch the video so you can be prepared to profit from…
10 Year Treasury Yield Has A Mini Crash
Reversal Thursday I mentioned after Wednesday’s stock market close that the tech stocks and the small caps were overbought. We saw a reversal of the recent trading action on Thursday as the Dow and the S&P 500 outperformed the Nasdaq and Russell 2000. The big caps rallied after underperforming this year. McDonald’s led the Dow…
More Job Openings Than Unemployed Workers
Kicking The Can Down The Road With the recent acceleration in economic growth, the new trend is analysts at the major investment banks pushing off their recession prognostications by a year or two. When the economy falters, it’s very easy to call for a recession because this cycle is about to be the longest since…
Can We Get A Pullback?
Stocks take a breather as they were met with resistance off the weekly expected move. In this video newsletter update we assess the odds of a pullback in the 4 equity indexes and provide levels to watch. Our titans of tech are the ones to watch to see if a pullback is possible. Watch this…
Stocks Rally As Economic Data Signals 3.7% GDP Growth
Another Rally On Wednesday It was another record day for small caps and tech stocks as the Russell 2000 was up 0.68% and the Nasdaq was up 0.67% on Wednesday. The S&P 500 was up 0.86% to 2,772. The next big technical milestone is 2,787 which is the 2nd highest peak in history. It was…
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