News: The Bank of England market-rescue rally was short-lived. On Thursday, Wednesday’s gains were erased, and then some. The S&P 500 closed at a new low for the year … as all four indexes posted sharp declines. Dow Jones -1.5% Nasdaq -2.8% S&P 500 -2.1% Russell 2000 -2.4% Sector Round-Up Of the 11 sectors, 10 …
9/30/22 Be Greedy When Others Are Fearful — Your October Outlook Read More »
News: Early yesterday morning, the Bank of England sent shockwaves of buying through the markets with a surprise announcement. The declaration is simple. The Bank will… Buy bonds “on whatever scale is necessary” to stabilize the bond markets. It also “postponed” selling operations. In simple terms, the UK’s central bank has flipped from a seller …
News: Tuesday, the markets bounced back from oversold conditions … to start the day anyways… The major indexes rose as much as 2% in the opening hour. By the end of the day, sellers got their way, and the markets closed mixed, near flat. Dow Jones -0.4% Nasdaq +0.2% S&P 500 -0.2% Russell 2000 +0.4% …
News: The selling continued on Monday as all four indexes posted declines. Dow Jones -1.1% Nasdaq -0.6% S&P 500 -1.0% Russell 2000 -1.4% The Dow Jones has officially entered a bear market. It closed the day down 20.4% from its all-time high set on January 4th. The S&P 500 notched a new low for the …
News: On Friday, the market sell-off continued. The Dow Jones and S&P 500 tested their respective June lows. Each index managed to close well off its intra-day lows. Still, it wasn’t pretty… Dow Jones -1.6% Nasdaq -1.8% S&P 500 -1.7% Russell 2000 -2.5% Sector Round-Up All 11 sectors closed the day red. Healthcare (XLV), -0.5% …
News: Yesterday, once again, belonged to the bears. The bulls put in a solid effort, and the Dow Jones even turned green in the final hour of trading. But in the closing minutes, sellers overwhelmed buyers, and every major index closed in the red. Dow Jones -0.4% Nasdaq -1.4% S&P 500 -0.8% Russell 2000 -2.3% …
News: Yesterday markets went on a wild ride. Before The Fed’s rate hike announcement, stocks traded in a narrow range. The new Fed rate is 3 to 3.25%, a .75% increase, dropped at 2 PM, and the markets sank deep into the red. The Fed rate now stands at its highest level in over 10 …
News: Monday’s gains were short-lived. Tuesday, markets declined as the FOMC meeting convened. Dow Jones -1.0% Nasdaq -1.0% S&P 500 -1.1% Russell 2000 -1.4% There were few bright spots. 79% of all stocks closed the day lower. Sector Round-Up All 11 sectors fell too. The smallest losers… Consumer Defensive (XLP) -0.6% Technology (XLK) -0.6% The …
News: Markets spend the major of Monday flat. But in the final hour, buyers showed and pushed all four major indexes higher. Dow Jones +0.6% Nasdaq +0.8% S&P 500 +0.7% Russell 2000 +0.8% But beneath the surface, there were still signs of weakness. Of all listed stocks, only 55% advanced, while 41% declined. Sector Round-Up …
9/20/22 Another Bullish Engulfing! For Fed’s Sake Read More »
News: Markets slid lower for a third consecutive day on Friday. Dow Jones -0.5% Nasdaq -0.9% S&P 500 -0.7% Russell 2000 -1.5% Markets closed near their highs of the day. Given that the big three indexes dropped nearly 2% intraday, the close was a welcome sign for the bulls. Sector Round-Up 2 of 11 sectors …
