Small-Caps Hold 50-Day MA The stock market was lower for the week as the market survived another bear strike on Friday with key support levels holding. The Dow and the S&P 500, however, fall back below their 50-day moving averages with the Russell 2000 holding this level into the weekend. The Nasdaq fell […]
Category Archives: Hot Stocks
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. […]
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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. […]
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