U.S. markets showed strength throughout Wednesday’s session following good corporate earnings and the Fed’s unanimous decision to stand pat on interest rates.The major indexes cleared major resistance levels while breaking out of a two-week trading range and getting the 200-day moving averages back in play. Meanwhile, volatility tested near-term support levels but remains trapped...
Continue reading >>U.S. markets showed strength throughout Wednesday’s session following good corporate earnings and the Fed’s unanimous decision to stand pat on interest rates.The major indexes cleared major resistance levels while breaking out of a two-week trading range and getting the 200-day moving averages back in play. Meanwhile, volatility tested near-term support levels but remains trapped...
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Continue reading >>U.S. markets were choppy throughout Tuesday’s session after opening in positive territory while struggling to keep momentum. Nervousness ahead of the Fed’s two-day meeting on interest rates and key corporate earnings kept bullish traders on the sidelines. The mixed closed has pushed the major indexes back into a mini 9-day trading range that is showing more strength to the upside than...
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