News: Friday was a mixed bag on Wall Street… The tech-heavy Nasdaq traded in the red the entire day. The Dow traded in the green nearly the entire day. The S&P 500, arguably the most important index to watch, opened red, swung to green, and continued that pattern through the day. Charts from Finviz In …
News: Markets jumped to a higher at Thursday’s open but lacked conviction to maintain the gains. Sellers pushed prices lower throughout the day and the indexes all closed lower for a second day… Sector Round Up It was another day for the bears as all 11 sectors ended the day lower. The smallest losers… At …
News: Markets gave up some of their recent gains on Wednesday. Each of the major indexes ended the day deep in the red… Markets appear to be entering a consolidation phase, moving sideways more than up or down. It’s not uncommon… Sector Round Up Bears ruled across the board, with all 11 sectors ending lower. …
News: Sure, the President spoke, but the Fed Chair rocked the market. While speaking at the Economic Club in D.C., Powell said The Fed expects “significant declines in inflation” in 2023. And while the market went a wild ride, it ended sharply higher. Sector Round Up The bullish push was NOT all-consuming. Despite the strong …
News: Markets slipped lower on Monday, posting the first Down Friday/Down Monday of 2023. We’ll discuss the significance of this in the “Timing” section. The declines were noticeable but not dramatic. All four major indexes ended lower… Sector Round Up Some winners emerged from the 2-day selloff. 2 of 11 sectors found enough buyers to …
News: Markets plummeted at the open on Friday after the January job’s report came in hot. The economy added 517,000 new jobs, far above estimates of 187,000. Strength in the labor market could help The Fed keep interest rates high for longer. At least, that’s what the market figures. Markets climbed in the morning session …
News: Thursday belonged to Meta Platforms (META). It rose 23% and added $80 billion in market cap after blowout earnings and announcing plans for share buybacks. Everything META touched rose higher. The indexes closed mixed… Mega cap stocks didn’t fare as well. Half of the Dow components ended the day lower or flat. Sector Round …
News: Markets opened red on Wednesday ahead of the long-anticipated Fed rate hike. After the hike was announced, +0.25%, markets moved towards flat. The Federal Funds rate is now 4.5 to 4.75%. Then Fed Chair Powell took the stage. He said… He left the possibility of fewer hikes open … When asked if rates could …
News: Markets finished higher on Tuesday, technical support held, and a new major breakout was recorded … More on that below. The major indexes all but erased Monday’s losses… January finished the month up 6.2% … its best performance since 2019. 2019 is also the last time the January trifecta ended with a 3-0 record …
