U.S. markets were sluggish on the open and throughout Thursday’s action following a number of disappointing economic reports. The pullback ended 8-session and 3-session winning streaks for the major indexes but was much needed as overbought levels remain in play. Near-term support levels easily held while volatility closed below current resistance levels with the major indexes now slightly...
Continue reading >>
...
Continue reading >>
...
Continue reading >>U.S. markets were tentative throughout the first half of action as Wall Street awaited the release of the minutes from January’s FOMC meeting. The minutes were mostly in-line with expectations, with no concrete news on the balance sheet, and a patient approach to rate policy. The major indexes reached session peaks ahead of, and just after the Fed minutes, with Tech lagging to session lows...
Continue reading >>
...
Continue reading >>
...
Continue reading >>