News: Stocks generally rose after getting a surprise GDP revision for Q1. The major indexes ended Thursday’s session mostly higher… Sector Round Up Thursday was a mostly bullish day as 8 of the 11 sectors ended the session with gains At the top… At the bottom… Technicals: Everything we’re seeing still looks bullish… The chart …
News: Stocks drifted directionless on Wednesday. The major indexes ended the session mixed and little changed… Sector Round Up The sectors reflected the indexes… Of the 11 sectors, 5 ended Wednesday’s session higher, 5 were lower, and one closed unchanged. At the top… In the middle… At the bottom… Notable Names Certain household names in …
News: Markets reversed course on Tuesday, taking back all of Monday’s losses and then some. All four major indexes ended the session solidly in the green… A slew of minor economic reports went in favor of the bulls. Sector Round Up And as a result, the bulls dominated the session. 10 of 11 sectors ended …
News: Markets opened the new week to some selling on Monday. The major three indexes ended the session lower. But the 4th index we track managed a small gain… Under the surface, there was a bullish tilt. 53% of all listed stocks posted gains, while 43% declined. Sector Round Up 6 of 11 sectors ended …
News: On Friday, it was hard to find a stock trading in the green. Stocks slid and closed the week with losses. For the Nasdaq, it was the first weekly loss in over two months. All the indexes closed Friday lower… Sector Round Up All 11 sectors followed the indexes and ended Friday’s session in …
News: Markets finally seemed to find their footing on Thursday. While it was not a decisive victory for the bulls, the bears didn’t show up. The indexes ended the mixed and tilted green… Sector Round Up The sectors remained divided. 5 of the 11 sectors ended Thursday higher. This time the risk-on sectors were at …
News: Markets posted a third day of losses on Wednesday This time as Fed Chair Powell reiterated the Fed’s stance to Congress that additional rate hikes may be needed this year. The indexes posted modest declines, again… Though it was hard to call the day a victory for the bears… Sector Round Up 6 of …
News: Markets opened the short week to a second day of losses. The indexes each post modest declines… Overbought conditions are finally starting to fade as the market returns to balance… Sector Round Up 10 of the 11 sectors ended Tuesday lower. Gains in Tesla (TSLA^) +5.4% held the Consumer Discretionary (XLY) +0.8% sector. At …
News: On Friday, markets took a breather ahead of the long weekend. The indexes post modest losses… Markets are finally beginning to retreat from overbought conditions. A dip was to be expected as markets always seek balance. Sector Round Up The markets declined without any sign of panic. In fact, 3 of the 11 sectors …
News: On Thursday morning, the markets opened slightly red, and for good reason… The open ended up being the low point of the day. The indexes climbed throughout the session and finished sharply higher… So why the gains? The most likely reason is short sellers got squeezed. There were a lot of *reasons* to sell. …
