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Fed ups rate by 0.25
The S&P 500 finally found its support near the 20-day low formed in mid-November and rallied three straight days. Topping off the action was a Fed interest rate hike announcement that was received...
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China slammed again!
Turmoil overseas is slamming global markets with the epicenter of the earthquake in China. For the second time in the last week, China’s stock market once again hit its 7% down “circuit breaker” that...
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Jobless Claims Up
All U.S. stock indexes were down big once again across the board. All major industries are in negative territory, and key support levels have been breached. Oil, China, and increasing interest rates...
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Oil Spikes on Russian Talks with OPEC
The S&P 500 has tested and bounced off of a critical support area near 1820. Correlation between oil prices and the stock market is unusually high, and could possibly decouple as the attention...
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Joblessness surges
On the heels of last week’s huge Friday surge, U.S. markets have mostly slumped. However, just when it seemed that the bears were going to take back all of the gains and then some, stocks staged a...
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Global Markets Melt Down
Just as it looked as though a big V-shaped recovery in the markets may be in the cards, the last week has brought a second slump. Yesterday’s intra-day rally ended with a thud with markets closing...
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Oil Rises, Joblessness Falls
To the great relief of many, the S&P 500 has found double-bottom multi-month support in the low 1800’s, and has since dramatically rallied well above 1900 with four strong positive days in a row....
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China markets plunge
Major U.S. markets have now settled into a lower level range with current pricing near the middle of that range. On the S&P 500, the bottom of the range is the precarious multi-year lows near...
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Jobless figures miss the mark
Major U.S. markets have popped up into a higher level range, creating a new level of support near 1950 on the S&P 500. This is significant because it puts both another layer of support AND some...
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ECB Stimulus Sparks Rally
Markets have rallied nicely over the last week, with the S&P 500 breaking briefly above the psychologically key 2000 level, before falling back, and now looking as though it will break out again as...
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Markets at 2016 Highs
Markets are showing no signs of slowing in a broad-based rally. The S&P 500 has broken out to new highs for 2016, and is squarely back into the middle of a trading range that dominated the...
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Jobless Claims Data Positive
The markets have responded favorably to the Fed’s decision to leave interest rates unchanged for now. The S&P 500 continued to rise, but is now doing it differently than it had earlier this year....
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