Bulls Make an Appearance but VIX Remains Above 20 U.S. markets rebounded on Thursday while closing higher for the first time this week and snapping multi-session losing streaks. News that the U.S. and China have intensified efforts to strike a truce at the G20 helped fuel momentum. The major indexes did set lower lows for the week and was a slight concern as trading was choppy before...
Continue reading >>Bulls Make an Appearance but VIX Remains Above 20 U.S. markets rebounded on Thursday while closing higher for the first time this week and snapping multi-session losing streaks. News that the U.S. and China have intensified efforts to strike a truce at the G20 helped fuel momentum. The major indexes did set lower lows for the week and was a slight concern as trading was choppy before...
Continue reading >>Bulls Make an Appearance but VIX Remains Above 20 U.S. markets rebounded on Thursday while closing higher for the first time this week and snapping multi-session losing streaks. News that the U.S. and China have intensified efforts to strike a truce at the G20 helped fuel momentum. The major indexes did set lower lows for the week and was a slight concern as trading was choppy before...
Continue reading >>Bears Stay in Control U.S. markets showed strength on Wednesday’s open before turning south afterwards and showing weakness for the 5-straight session. The rebound off the lows was slightly encouraging but October lows remain in play.A death-cross has officially formed in the small-caps for the first time in 2 1/2 years and remains a concern. Meanwhile, volatility spiked to its...
Continue reading >>Bears Stay Aggressive as VIX Clears 20 U.S. markets showed continued weakness on Monday as a rise in the U.S. dollar and lingering worries about global trade weighed on sentiment. Oil price concerns also played a role after Saudi Arabia said it would cut its oil production, while the Organization of the Petroleum Exporting Countries said it is also considering a more sweeping reduction of...
Continue reading >>Bulls Get Weekly Win but Technical Outlook Remains Weak U.S. markets ended the week on a sour note as a plunge in oil prices and uneasiness about the housing market resurrected fears of an uncertain path for the economy, both here and abroad. Oil is near its lowest level in eight months after dipping below the $60 level for the first time since February.The damage was mostly limited as...
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