One part of technical analysis that is not discussed as much as the levels derived from the actual charts, is “Psychological” support and resistance levels. Besides retail investors, as well…
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It was not as easy play to the long side as Thursday, but the end result was the same, a move higher. Bulls were in control of the premarket trading…
While the bears came out on top on Wednesday, they were trampled in Thursday’s session. The modest premarket rally turned into a free for all to the upside once the…
Investors were leaning the wrong way into the midterm elections. The prevailing sentiment was that the Republicans were going to take control of both the House and Senate and alter…
The net change on the day for the S&P 500 index futures, a 19.75-handle gain at 3835.25, does not reflect the kind of day it really was. To begin with,…
Investors got what they wanted, which was a bad job number or a higher unemployment rate. That may be an indication the Fed will reevaluate its pace of interest rate…
As expected, there was a follow-through in Thursday’s session to Wednesday’s thunderous decline. The extended retreat that began in the premarket continued into the regular session. Although the S&P 500…
The market wanted you to think it was going to pivot on its outlook for interest rate hikes. The S&P 500 index futures made many investors think the somewhat benign…
The premarket and the regular session were polar opposites. During the premarket session, the S&P 500 index futures reached the highest level since September 19. It flirted with that area…
Following the monster rally on Friday, which continued into the after-hours session, there was some mild profit-taking in Monday’s session. The after-hours buyers got stuffed on Sunday night’s open and…
