S&P Avoids Correction Territory S&P Avoids Correction Territory The stock market showed weakness for the fifth-straight week while cracking another round of key support levels. Higher oil prices were the culprit following incidents in the Strait of Hormuz as Brent oil jumped above triple-digits while West Texas closed just below the $100 level. It […]
Category Archives: Market News
Bears Takeover 2026 Wall Street was lower for the week as the bears took control of the market for 2026. The Russell was hit the hardest but is still up for the year by 2% and remain a slight silver lining. However, that will likely change as the small-caps could be in the red […]
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 […]
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. […]
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 […]