Bulls Defend Support Here’s how the market performed in Q1 (& so far in 2017): DJ Industrial Avg +4.56%, S&P 500 +5.57%, Nasdaq Comp +9.82%, Russell 2000 +2.13%. The title of last week’s article was: Market Tests Support. On cue, the bulls showed up earlier in the week and defended support for the major indices…
Friday, March 31, 2017 * S&P, Dow set for best 1st-qtr since 2013 * Feb U.S. consumer spending up 0.1 pct vs est. 0.2 pct * FMC jumps on deal with DuPont * Futures down: Dow 17 pts, S&P 3.5 pts, Nasdaq 3 pts (Adds details, comments, updates prices) By Yashaswini Swamynathan March 31 U.S….
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Monday, March 27, 2017 4pm U.S. stocks closed mostly lower on Monday as investors reassessed the prospects of key White House proposals, including tax reform, coming to fruition. “When you look at some of the areas that have helped the market, they are waning a bit here,” said Daniel Deming, managing director at KKM Financial….
First Real Test Of Support Since The Election Stocks fell last week and the major indices are testing support (50 day moving average line) for the first time since the election. The bulls argue that Trump’s pro-growth policies will get passed even if the healthcare bill doesn’t. On the other hand, the bears argue Trump’s…
Monday, March 20, 2017 U.S. equities traded mostly higher on Monday, while investors turned their eyes to comments from several Federal Reserve officials. The Nasdaq composite hit a fresh all-time high in midmorning trade, outperforming the other major indexes, and held about 0.15 percent higher. The Dow Jones industrial average rose about 40 points, with…
A Tight Bullish Pattern Is Forming On Wall Street Stocks rallied last week after nearly every major Central Bank in the world continued to err on the side of caution. The big news came from the U.S. Fed when it raised rates by a quarter point for the second time in three months. For the…
Friday, March 17, 2017 U.S. stocks were moving in and out of positive territory on Friday and poised for weekly gains as investors monitored a meeting of Group of 20 finance ministers in Germany, which could provide some insight into important geopolitical issues. Investors are also watching for news from the meeting in Washington, D.C….
* Fed decision due Wednesday afternoon * British gov’t gets parliament nod to launch Brexit talks * Valeant plunges after Ackman exits stake * Futures down: Dow 62 pts, S&P 8 pts, Nasdaq 13.25 pts (Adds details, comments, updates prices) By Yashaswini Swamynathan March 14 U.S. stocks looked set to open marginally lower on Tuesday…
Stocks End Snap A 6-Week Win Streak Stocks finally snapped a very strong 6-week win streak as the market finally paused to consolidate the recent and robust rally. Small caps continued to lag and ended lower which is a sign of near term fatigue. The Small-Cap Russell 2000 broke below its 50 DMA line which…