Stocks Opened Lower As China Retaliates 9:45am * Indexes open down: Dow 1.02 pct, S&P 0.71 pct, Nasdaq 0.81 pct * S&P opens below 200-day moving avg; Nasdaq in red for the year * Industrials hit: Boeing down 4 pct; Caterpillar down 3 pct * FAANG stocks down 0.3 to 2.9 pct; Chipmakers also drop…
Volatility Returns With A Vengeance Stocks ended mixed to mostly lower in Q1 2018 as volatility returned with a vengeance. The VIX, a popular measure of market volatility, surged in the first quarter and marked one of its largest quarterly advances in history. The Dow Jones Industrial Average, benchmark S&P 500, and small-cap Russell 2000…
Nasdaq falls for second day as tech struggles to rebound Amazon and Apple helped push the Nasdaq lower. Apple declined nearly 2 percent at its lows after analysts at Goldman Sachs predicted lower iPhone sales in March and for the June quarter than the rest of the Street. Amazon fell as much as 7.4 percent…
Stocks Fall Hard; Some Calling For A Big Top Stocks fell hard again last week as fear of a looming trade war between the U.S. and China grew. I think the fear is overblown but the market’s opinion is all that matters. It’s important to keep in mind, all things being equal, investors like to…
Stocks End Week Lower On Political Headlines It has been a very busy time in D.C. In the last few weeks, Trump placed tariffs on Steel and Aluminium, said he may hit China with tariffs, then replaced his: Chief Economic Advisor, The Secretary Of State, The Head of the CIA, and his National Security Advisor might…
Bull Market Turns 9, Correction Ends As Nasdaq Hits New High So that was fast! The latest correction is now pretty much over as the Nasdaq Composite and Nasdaq 100 both hit fresh record highs on Friday. The other popular averages are only a few percentage points below their record highs but are quickly marching…
U.S. stocks closed well off session lows on Friday, helped by a sharp rise in health care shares. The S&P 500 ended 0.5 percent higher at 2,691.25 after falling more than 1 percent. Health care sector was the best-performing sector, gaining 1 percent. Shares of Universal Health Services and Perrigo were among the best-performers in the index….
A Near Term Low Friday appears to be another near term low in the market. The bears emerged victorious last week as the market traced out a series of ominous technical signs. On a weekly basis, the market opened higher and closed lower which is known as a negative reversal. Additionally, the weekly range (high…
Stocks End Week Mostly Higher This was a constructive week on Wall Street, stocks opened lower but closed higher for most of the popular indices. A subtle, yet important, sign of strength is to see a market open lower but close higher in any given period. All things being equal, the longer the period, the…
Stocks Bounce Back With A Vengeance Last week I wrote, “The market looks like it just put in a near term low on Friday as the bulls showed up and defended the longer-term 200 DMA line.” That is exactly what happened as stocks soared last week and enjoyed their best week since 2013. I also…