Blue-Chips Clear 50-Day Moving Average U.S. markets showed strong momentum on Monday’s open after the U.S. and China agreed to a truce in their trade war over the weekend, with President Donald Trump saying he would not raise tariffs at the start of the new year as he had previously threatened to do. The major indexes backed off their highs after Treasury Secretary Mnuchin confirmed...
Continue reading >>VIX Holds 20 Ahead of G20 Summit U.S. markets traded in a tight range on Friday before showing late day strength while closing out the best week of the year with strong gains. Much of the early choppiness came on chatter from the G-20 summit on how things might be progressing in trade talks between the U.S. and China. The major indexes cleared the previous session highs and the action is...
Continue reading >>Bulls Keep Slight Momentum U.S. markets opened at sessions lows before battling back to finish mostly higher on Tuesday. Some of the nervousness comes ahead of the FOMC minutes and comments that were made from a couple of Fed officials. The indexes showed strength after Director of the National Economic Council, Larry Kudlow, said that President Trump sees a good possibility a deal can...
Continue reading >>Bulls Keep Slight Momentum U.S. markets opened at sessions lows before battling back to finish mostly higher on Tuesday. Some of the nervousness comes ahead of the FOMC minutes and comments that were made from a couple of Fed officials. The indexes showed strength after Director of the National Economic Council, Larry Kudlow, said that President Trump sees a good possibility a deal can...
Continue reading >>Bulls Keep Slight Momentum U.S. markets opened at sessions lows before battling back to finish mostly higher on Tuesday. Some of the nervousness comes ahead of the FOMC minutes and comments that were made from a couple of Fed officials. The indexes showed strength after Director of the National Economic Council, Larry Kudlow, said that President Trump sees a good possibility a deal can...
Continue reading >>Bulls Rebound/VIX Closes Below 20 U.S. markets bounced back after the holiday weekend, propelled higher by Italy relaxing its stance on the budget impasse with the EU, and hopes for a trade deal between the U.S. and China later this week at the G20 meeting. Oil prices rebounded to close near $52 a barrel following Friday’s plunge towards $50. Meanwhile, volatility closed...
Continue reading >>