Bears Crack 50-Day MA’s The major indexes tested backup support levels to close out last week with the Nasdaq and the S&P holding their 50-day moving averages on Friday. The intraday reversal also eased volatility which had spiked above key resistance as the market was hitting fresh monthly lows. The Nasdaq traded down […]
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Bulls Avoid October Crash The stock market closed the week and month on a high note Friday with the bulls getting the weekly and monthly win. The action was choppy with volatility remaining elevated as high profile earnings trumped the current government shutdown. The Nasdaq traded up to 23,946 before settling at 23,724 (+0.6%). Resistance […]
The stock market sank on Friday after President Trump stated he will impose a 100% tariff on all imports from China after the country announced it was tightening its exports on rare earth materials. It was the fourth worst session of the year for the major indexes aside from April’s volatility. The Nasdaq closed […]
The stock market was mostly higher on Friday after fresh record highs across the board as Tech lagged into the close and the small-caps outperformed. The blue-chips broke out of a three-week trading range while volatility remained rangebound a week before the start of the third-quarter earnings season. The Nasdaq closed at 22,780 (-0.3%) […]
The stock market continued its record run after tagging another round of all-time highs on Friday following the mid-week rate cut by the Fed. The bullishness off the April 7th lows has now created several of support the bears need to crack before the major indexes start to show signs of topping out. The […]
The major indexes tapped another round of all-time and 52-week highs on Friday but were mixed on the close after key resistance levels were cleared earlier in the week. The charts show upside of another 2%-3% over the near-term and there are a number of events coming up that could help or hinder the current […]