News: Yesterday markets opened green and climbed throughout the day. Volume was light, and it appeared that market makers took the opportunity to squeeze the markets higher. As we reported yesterday, bearish bets overwhelmed the market. All 4 indexes closed sharply higher. “Risk-on” stocks let the way… The biggest news item of the day—Unemployment filings …
News: Initially, Markets rose premarket … but quickly gave up the early gains and opened flat. At the open, a surge of buyers pushed the markets higher and then … disappeared. Afterward, the markets fell steadily through the day. All 4 indexes closed deep in the red… Sector Round Up All 11 sectors ended Wednesday …
News: Markets slipped generally lower as the final trading week of 2022 began. Notably, the tech-heavy Nasdaq got hit especially hard while the Dow Jones managed to claw out a small victory. Sector Round Up The sectors were mixed as well. 5 of 11 sectors ended Tuesday higher. At the top… At the bottom… The …
News: Bottoming action continued on Friday. Markets logged decent gains ahead of the 3-day weekend. Markets hate uncertainty, and with Covid cases rising in China, the energy crisis in Europe, and the ongoing war in Ukraine, the market had plenty to hate. Nonetheless, buyers showed undeterred strength heading into the holiday. Sector Round Up All …
12/27/22 Santa Delivers, Bears Retreat, China Opens Read More »
News: In October, the Bureau of Economic Statics released the preliminary Q3 GDP estimate, which revealed strong growth… A recession is becoming less likely by the day… But the market tanks on the news. Intraday, major indexes fell as much as 3%. In the end, all four indexes settled deep in the red but well …
12/23/22 GDP Gets Better & Better, Why The Market Hates It Read More »
News: Markets opened on a positive note on Wednesday. 30 mins into the trading session, the markets got a surprise… Consumer Confidence rose “sharply.” The latest survey reversed “consecutive declines in October and November to reach its highest level since April 2022.” Markets surged higher following the release and closed near the day’s highs. All …
12/22/22 Recession Cancelled? Consumer Confidence Jumps Read More »
News: The major indexes snapped their losing streaks on Tuesday. Each posted a small gain. The reason? The market looks like it’s running out of sellers. But the bulls failed to deliver a decisive victory … Only 53% of stocks advanced, while 43% declined. Sector Round Up The sectors ended the day mixed as well. …
News: Monday opened green but closed red. It was the fourth consecutive day of losses. And the first Down Friday / Down Monday since October. All four indexes posted moderate losses… There was little new information to price in. Headlines continue to blame recession fears and the Fed. Sector Round Up All 11 sectors ended …
News: On Friday, the market’s selloff continued but moderated its pace. All four indexes ended the day lower… The decline was carry over from the week’s hawkish FOMC meeting and weak retail sales. Sector Round Up All 11 sectors ended the day lower. The worst performers were… The smallest losers… Technicals: The long-term chart reveals …
12/19/22 Selloff Slows, Reshuffling Nearly Complete Read More »
News: The bulls waved a white flag on Thursday. Buyers abandoned the market, and a broad selloff ensued. All four indexes settled deep in the red… Headlines blame The Fed, recession fears, and some weaker-than-expected retail sales. The U.S. Census reported a 0.6% decline in retail sales in November. Also in the report… The report …
12/16/22 Rug Pull, Triple Witching, & A Free Lunch Read More »