Stocks Soar To New Highs After all was said and done it was a very bullish week on Wall Street. The Dow Jones Industrial Average, the benchmark S&P 500, and the small-cap Russell 2000 paused to consolidate their recent and robust rally then soared to fresh record highs. Meanwhile, the tech-heavy Nasdaq Composite galloped higher and is inching…
Bullish Week On Wall Street After all was said and done the bulls emerged victorious last week, defended support and regained control of the market. On a weekly basis, the S&P 500 (SPX) enjoyed a large positive and outside reversal – both healthy signs. A positive reversal occurs when the asset opens lower and closes higher. This…
Stocks Fell In January Stocks fell for the week and month as global fears remained front and center and earnings mostly upbeat. The big story for the month was manic action from global central banks. In January, we saw the Swiss National Bank (SNB) shock markets when they did a 180 in policy and removed their…
The Central Bank Put Is Alive & Well Stocks snapped a three week losing streak and the benchmark S&P 500 jumped and closed above its 50 day moving average line for the first time since early January (healthy sign). Buyers returned after the European Central Bank (ECB) announced that they will print $60B euros a…
Central Bank Madness Hurts…Capital Markets Stocks fell for a third consecutive week as deflation and global economic malaise weight on asset classes across the globe. On Thursday, the Swiss National Bank (SNB) shocked markets and did an about face when they stopped pegging their currency to the euro. This sent caused an immediate panic in…
U.S. Economy Continues To Get Stronger, Not Weaker It was a bumpy week on Wall Street but after all was said and done the bulls emerged victorious. Stocks fell hard in the beginning of the week, bounced hard in the middle of the week, and were down for most of Friday but rallied and closed…
Stocks Pullback On Shortened Holiday Week Stocks fell last week causing the S&P 500 to pullback to its 50 DMA line and the small cap Russell 2000 to negate its latest breakout. Energy prices continued to implode last week as sellers remain in clear control. Separately, the US dollar soared to a 9 year high…
Rally Continues On Wall Street Stocks continued to rally last week, helping the small cap Russell 2000 to jump to fresh record highs. On Christmas day, China’s central bank eased lending requirements which was viewed as another (bullish) step to stimulate their economy. The big news last week came from the natural gas market, not…
Stocks Soar; One Week Pullback Ends That was fast, the one week, pullback ended after central banks stepped in and saved the day…Again. Just when stocks were getting in trouble, the Fed and other central banks, stepped in with more easy money. In the last full trading week of 2014, we saw the market enjoy its…
Seven In A Row! Stocks rallied for the 7th-consecutive week – helping the S&P 500 and Dow Jones Industrial Average hit new record highs. Over the past few months, we have seen a massive coordinated “offensive” from global central banks to help boost both Main St & Wall St. At the end of October, we saw the U.S. Federal…