News: Markets slid generally lower on Thursday. Here’s how the indexes did… Dow Jones -0.6% Nasdaq -1.4% S&P 500 -1.1% Russell 2000 -0.7 Beneath the surface, there were some signs of life. While 65% of all stocks closed lower, 31% logged daily gains. Sector Round-Up 2 of 11 sectors managed to move higher. Healthcare (XLV) …
News: The latest PPI data, which dropped yesterday morning, showed a decline in prices. The Producer Price Index (PPI) is thought to lead the CPI in some regards since often producers are passing along the higher (or lower) costs to consumers. Prices fell 0.1% month over month Prices are still up 8.7% year over year …
News: No buyers showed up on Tuesday. In the morning, the CPI inflation reading came in hotter than expected, and the selling began. Here’s what you need to know: Inflation rose 0.1% month over month. And 8.5% year over year. It’s the second highest reading in 4 decades June’s was the highest at 9.1%. The …
9/14/22 China Tensions & Inflation Drive Bloody Tuesday Read More »
News: Monday, the bulls followed up on Friday’s gains. All four indexes posted solid gains… Dow Jones +0.7% Nasdaq +1.3% S&P 500 +1.1% Russell 2000 +1.2% The follow-up buying puts the market on the best possible trajectory, following the now broken streak of down Fridays and down Mondays. History tells us to expect more gains …
9/13/22 Monday’s Match, Tuesday Tracking, 3 Charts You Need to See Read More »
News: Friday belonged to the bulls. All four indexes posted significant gains… Dow Jones +1.2% Nasdaq +2.1% S&P 500 +1.5% Russell 2000 +1.9% The strongest correlation to the market advance was that of the Ukrainian military. Zelensky Gets Offense Over the past week… A top Russian general was reportedly captured Ukrainian towns have been liberated …
News: Markets ended a choppy session higher on Thursday. All four indexes posted modest gains… Dow Jones +0.6% Nasdaq +0.6% S&P 500 +0.7% Russell 2000 +0.8% The market digested a 0.75% hike in interest rates by the European Central Bank (ECB). The hike brings EU rates to their highest levels since 2011 Fed Chair Powell …
News: Yesterday it was all buyer all day. 76% of stocks posted gains. All four indexes ended significantly higher… Dow Jones +1.4% Nasdaq +2.1% S&P 500 +1.8% Russell 2000 +2.2% The reason was exactly what we told you yesterday. The market was oversold… Think of a rubber band … you can only stretch it so …
9/8/22 Buyers Show Up In Droves as Energy Costs Plummet Read More »
News: Markets went for a ride yesterday … Starting in the green, swinging quickly to red, back to green, but then ultimately settling in negative territory. The range was tight. The selling was controlled. All four indexes closed modestly lower… Dow Jones -0.6% Nasdaq -0.7% S&P 500 -0.4% Russell 2000 -1.0% The reasons are the …
News: Ahead of the long weekend on Friday, markets opened higher and climbed during the morning session. By noon, the S&P 500 was up more than 1%. Then the buying stopped. Markets fell throughout the afternoon and ended the day significantly lower. The Nasdaq led the decline, falling 1.3% The Russell 2000 fell the least …
News: Thursday was a victory for large-cap stocks. The Dow and S&P 500 eked out small gains after spending most of the day trading in the red. The SPY even flirted with our “buy zone.” But some bulls emerged at the end to close the market. Dow Jones +0.5% S&P 500 +0.3% Now it wasn’t …
