“As we entered 2018, the economic picture and the stock market were both pretty easy on the eyes. Stocks were coming off a great 2017 and the economy seemed to be on the right path- so much so that the Fed came into the new year with the intention...
Friends The markets remained jittery today as traders continue to wait to see if the United States is going to take action against Syria. Stocks spent most of the trading session in negative territory, though the bulls made a couple of half -hearted efforts to rally the troops only...
Friends In today’s trading, stocks recovered the gains that they gave up late yesterday when news hit of the raid of the personal attorney of President Trump. We’ve seen this pattern play out often over the past weeks as stocks react immediately to news headlines, then reverse course after...
Friends Stocks got off to a good start for the week, but not as good as it might have been. By mid-morning, the Dow was sporting a flashy 400 point gain, but as the afternoon wore on stocks gave up more and more of those gains. The cause of...
Friends What a week! Every time the President talked tough on tariffs, stocks tumbled. Then administration officials would walk it back and stocks rallied. We seemed to do this every day until today. Today, after more tough talk overnight by the President, even administration officials couldn’t walk it back....
Friends Stocks were able to add to yesterday’s gains as the impressive recovery from both yesterday’s and Monday’s lows has been stunning. In total, stocks rose 1000 Dow points from Wednesday morning’s lows to today’s highs. Economic news has been good this week and we’ll get the government jobs...
Friends After China’s announced retaliation to the White House’s most recent tariff declaration overnight, stocks were ready to sell off and they did to the tune of a 500 point drop in the Dow. But as the day wore on, calming comments from various sources seemed to satisfy bargain...
Friends Did we test and hold again? Well, perhaps. Yesterday, individual stocks and market averages spent the day probing and testing the 200 day moving average. Today’s action could be interpreted as having seen a successful test of major support levels, but one thing we have learned over the...
Friends Well, that was ugly. Stocks did not get off to a very good start for the month of April and the 2nd quarter. After being down more than 700 Dow points, stocks did recover some, but still more than gave back all of last Thursday’s gains and then...
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