The tone was set for today’s session Wednesday night when two more regional banks Western Alliance Bancorp (NYSE: WAL) and PacWest Bancorp (PACW) announced they were pursuing strategic options. In…
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All things considered with the choppy price action, it was a pretty mild mannered day considering there was another 0.25% interest rate hike by the Federal Reserve Bank. Furthermore, Chairman…
Sometimes a move (up or down) in the markets based on news does not take place exactly when the news hits the tape. Tuesday’s price action was a prime example…
Despite the third regional bank failure since early March, the current rally in the S&P 500 index futures has not been derailed in a meaningful way. There were some positives…
Following Microsoft Corp’s (NASDAQ: MSFT) Q1 beat, the S&P 500 index futures had a muted reaction. However, investors went on a buying spree following Meta Platforms (NASDAQ: META) Q1 beat…
The regular session on Friday was the polar opposite of the after-hours/premarket session. While the index spent almost the entire time in the red early on, buyers emerged off the…
When the second biggest component of the S&P 500 index has a 7% increase, it is hard to imagine that the overall index would finish in the red. That was…
The longer a trading instrument stays in a trading range, the more violent the breach of that range is going to be. Finally, the bottom of the seven day trading…
The S&P 500 index futures remain dormant for the seventh day in a row. Support is well defined by the last three daily lows coming within a few handles of…
The S&P 500 index futures had its smallest daily range (25.75 handles) of the year. Also, the index had its smallest weekly range of the year (63 handles). Finally, heading…
