Stocks Surge In Final Week Of April Stocks surged last week on a trifecta of positive news. First, the French Election came back with a market-friendly outcome. Second, President Trump announced his much-awaited Tax plan. Finally, the long earnings recession is over. Technically, the bulls showed up and defended major support for the indices and…
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Stocks Edged Higher Last Week As Earnings Season Begins In Thursday’s pre-market report we noted that the market was ripe to rally, little did we know the Dow would soar nearly 300 points by the close. That’s just the way Wall Street works, when people want to step up and buy, they buy. Conversely, when…
Friday, April 21, 2017 U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform. The Dow Jones industrial average fell about 30 points with IBM contributing the most losses. The index briefly turned…
Monday, 4.18.17 U.S. equities closed higher on Monday as a weekend filled with geopolitical worries ended more calmly than investors expected, while bank stocks charged ahead. The Dow Jones industrial average closed more than 180 points higher as Boeing and Goldman Sachs contributed the most gains on the 30-stock index. The S&P 500 gained 0.86…
Geopolitical Fears Send Stocks Lower; Metals Soar Stocks ended weaker last week and closed below important near term support (50 day moving average line) as the market continues to digest the very strong post-election rally. Last week was the first time we saw all of the major indices break down and close below their respective…
Bulls Defend Support -Amid Geopolitical Turmoil Stocks ended slightly lower on the first week of the second quarter but, for now, the bulls managed to defend support. The two “big” market-moving headlines came from the Fed and President Trump. On Wednesday, the Fed released the minutes of its most recent meeting and it showed Fed…
Tuesday, April 4, 2017 U.S. equities ended Tuesday’s session mostly flat ahead of a key meeting between President Donald Trump and Chinese President Xi Jinping. The Dow Jones industrial average gained about 38 points with Caterpillar contributing the most gains. The S&P 500 ended the day nearly breakeven, with real estate lagging and energy outperforming….
Monday, April 3, 2017 What to expect from Trump’s meetings with el-Sissi and Xi. As the backend-loaded week kicks off, Wall Street will turn its eyes to U.S. trade data ahead of U.S. President Donald Trump‘s meeting with Chinese President Xi Jinping. “Traders are going to be parsing through that data for hints on what…
Monday, April 3, 2017 Link: http://www.marketwatch.com/story/why-the-stock-market-bulls-remain-in-control-in-one-chart-2017-04-03?mod=mw_share_twitter