Central Banks Juice Stocks…Again Stocks rallied last week after global central banks juiced markets – for the umpteenth time. Eventually, markets will stop reacting well to all the easy money being injected into the system, but we are not there just yet. The market remains relatively split as the Nasdaq 100 hit a fresh record…
Stocks Bounce Ahead of Fed Meeting The market tried to bounce last week but the tape remains very split. The market sold off hard on Friday 9/9/16 after one of the Fed officials made the case to raise rates at its meeting next week. He was dovish (wants low rates) and the fact that he…
Fed Spooks Markets; Dow & SP 500 Negate Big Breakouts The market is showing signs of a near term top after trading in a very tight range over the past 8-weeks. On Friday, stocks sold off hard after the Fed’s Rosengren, who’s been dovish, changed his stance and made the case for a rate hike…
Bullish Tight Trading Range Continues The tight trading range we have seen over the past 7 weeks continues as the market pauses to digest the very strong ~10% post-brexit rally. All that has happened over the past 7 weeks is that the moving averages are playing catch up to the strong rally. So far, the…
Thursday, September 01, 2016 3:45pm EST U.S. stocks traded mostly lower Thursday as investors digested a slew of economic data ahead of Friday’s key jobs report. The Dow Jones industrial average traded about 20 points lower, after briefly falling more than 100 points. The S&P 500 fell about 0.1 percent, after being dragged lower by…
Market Finally Pulls Back Overall, the major indices continue trading in a very tight range after a very strong ~10% post-brexit rally. So far, the action is normal and very healthy as the market appears to be pulling back from very extended conditions. Remember, there are two ways a market can pullback after a big rally: mover…
U.S. stocks closed mixed on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer. “I don’t think she said anything we didn’t already know, but people were trying to make something bullish out of it,” said JJ Kinahan, chief strategist at TD Ameritrade. “Then…
Thu Aug 25, 2016 11:42am EDT Wall Street reversed course to eke out small gains on late on Thursday morning as financial stocks gained after two more Federal Reserve officials said the case for an interest rate hike was strengthening. Their comments followed the hawkish tone set by key Fed policymakers in recent days and…
Have a Portfolio Over $250,000? Visit: 50Park.com Schedule A Complimentary Portfolio Review Bulls Still In Control The market ended mixed to as it pauses to digest the very strong post-brexit rally. So far, the action is normal and very healthy as the market appears to be pulling back from very extended conditions. The key now…
Bulls Keep On Running This very strong bull market continues as the major indices all hit fresh record highs last week for the first time since 1999! In the short term, the market is extended up here and due to pullback after a very strong 8-week ~10% rally. It is also bullish to see that…