Supreme Court Strikes Down Tariffs The stock market was volatile on Friday as the opening losses were quickly erased following the Supreme Court’s 6-to-3 vote that the President had exceeded his authority to impose tariffs. Wall Street took it as a bullish signal as the decision came in as expected along with the administration’s response. […]
Category Archives: Hot Stocks
Shaky Support Holds for 2nd-Straight Week The stock market got some good economic news on Friday and throughout the week but resistance held strong thru Wednesday. Thursday’s action was bearish and pushed the prior week’s shaky support levels back in play while Friday’s slightly bullish action once again avoided a major market meltdown. […]
Dow Clears 50,000 on Snapback Rally The stock market bounced back from heavy losses throughout the week after rebounding off key support levels on Thursday following Friday’s gains. The major indexes were mixed for the week but kept all-time highs in play as the blue-chips cleared another key milestone. The Nasdaq finished at […]
Small-Caps Drop 2%, Monday’s Open Shaky The stock market was slightly lower last week with the exception of the small-caps which took a much bigger hit after reaching overbought conditions for the second-straight week. Volatility spiked near the back half of the week but held major resistance levels. The Nasdaq closed at 23,461 […]
The major indexes were mixed last week after showing heightened volatility following the release of key economic news on employment and inflation. Wednesday’s midday lows held crucial support levels across the board with Friday’s strong rebound keeping hopes alive for a possible Santa rally. The Nasdaq closed on its session high of 23,307 (1.3%). Resistance […]
Upcoming Jobs and Inflation Reports Could Sway Momentum The stock market pulled back from fresh all-time and monthly highs on Friday as the bulls and bears split the week. Tech and the broader indexes pulled back while the blue-chips and small-caps got weekly wins. This week could be just as exciting with key […]