News: There’s an old saying in the market, “amateurs open, pros close.” Thursday marked a rare day in a volatile market—both sides agreed. Markets opened higher, dipped mid-day, and finished near their highs/opens. Of the indexes, the big three ended the day green… Notably, small caps finished lower. The rally was not especially broad. 63% …
News: Markets open higher on Wednesday. Several positive developments helped the market rally… As the day wore on, Congress finished a second day of hearings on the collapse of Silicon Valley Bank. All the major indexes held their initial gains and climbed into the close… Sector Round Up The rally was broad on Wednesday. All …
3/30/23 Semis, Housing, Congress, & A Failed Bank Read More »
News: On Tuesday, the market opened mixed and near flat. At 10 AM, the top was in. The major indexes faded into the close as volatility evaporated from the market. All four indexes ended the day modestly lower… If you sat on the sidelines, you weren’t alone. It turns out not many wanted to trade. …
News: Monday opened with gaps up across the board. Early gains were driven by the **First Citizens (FCNCA) acquisition of the failed Silicon Valley Bank. However, the early rally failed to gain momentum. After a strong open, markets chopped around, and the major indexes ended the day mixed… **Trading For Keeps is a registered DBA. …
News: On Friday, the markets ended generally higher. After gapping down and opening in the red, buyers steadily pushed prices higher into a modest victory for the bulls. Every major index ended the day with gains… The gains came despite new cracks showing the global banking system. Shares of German-based Deutsche Bank (DB) tumbled more …
News: On Thursday, the open belonged decisively to the bulls. In the first two hours of trading, the indexes climbed as much as 2%. Markets peaked around 11 am. Then the bears took over. Most stocks were in the red with just one hour to go in the trading session. In the final hour, stocks …
News: On Wednesday, Stocks opened near flat and treaded water ahead of the much-anticipated Fed announcement. At 2 PM, the Fed announced a 0.25% rate increase, raising levels to 4.75% – 5%, the highest rate since 2007, before the Great Recession. The Fed acknowledged the banking crisis … but essentially said they’re not paying it …
3/23/23 Rates Up, Stocks Down, Bears Are Missing Something Read More »
News: Markets opened to positive news on Tuesday. According to the National Assoc. of Realtors, “Existing-Home Sales Surged 14.5% in February, Ending 12-Month Streak of Declines.” Throughout the day, stocks pushed higher and showed bullish tendencies. 75% of all listed stocks closed higher. And each of the major indexes closed solidly in the green… As …
News: On Monday, stocks moved away from all-out panic. After a flat open, stocks trended generally higher. And each of the major indexes closed solidly in the green… Markets appeared somewhat relieved that Central Banks and regulators are intervening in the near financial meltdown. The latest effort to calm markets came from The Fed. It …
News: Friday belonged to the bears. Markets opened near flat and never found any serious buyers. Stocks moved lower throughout the day. At the close, the indexes were all deep in the red… Over the weekend, Swiss-based bank UBS (UBS) acquired its struggling neighbor Credit Suisse (CS) for $3+ billion. The $3 billion deal is …
