Bulls Rebound/ Bears Get Weekly Win U.S. markets rebounded on Friday’s open but had a roller coaster ride to cap a volatile week. The major indexes opened sharply higher following two days of massive selling pressure but lost momentum by midday with the blue-chips and the small-caps fading back into negative territory.Both the Dow and the Russell 2000 regrouped to close higher, with the...
Continue reading >>Bears Stay Aggressive U.S. markets showed continued selling pressure on Thursday’s open before rebounding shortly afterwards and testing positive territory. However, sellers emerged in the second hour of trading and another selloff resumed.The major indexes are suffering through their worst week since March with at least 65% of the S&P 500 now in correction territory or worse. Volatility...
Continue reading >>Crucial Support Levels Holding U.S. markets struggled throughout Monday’s action despite bond markets being closed for the Columbus Day holiday. Wall Street was looking for a rebound and got some nice pin action in the final hour of trading but the weakness was once again being blamed on the recent rise in bond yields.Global markets were slammed and also contributed to the tone along with...
Continue reading >>Crucial Support Levels Holding U.S. markets struggled throughout Monday’s action despite bond markets being closed for the Columbus Day holiday. Wall Street was looking for a rebound and got some nice pin action in the final hour of trading but the weakness was once again being blamed on the recent rise in bond yields.Global markets were slammed and also contributed to the tone along with...
Continue reading >>Crucial Support Levels HoldingU.S. markets struggled throughout Monday’s action despite bond markets being closed for the Columbus Day holiday. Wall Street was looking for a rebound and got some nice pin action in the final hour of trading but the weakness was once again being blamed on the recent rise in bond yields.Global markets were slammed and also contributed to the tone along with the...
Continue reading >>Small-Caps Rebound, Lead Momentum U.S. markets closed higher across the board for the first time this week with the small-caps leading momentum. The blue-chips continued their record setting run while the other major indexes remain in striking distance of fresh lifetime peaks.Economic news was mostly positive along with Fedspeak that dominated headlines throughout the day. Volatility closed at...
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