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 […]
Category Archives: Market News
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 […]
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 […]