If you are a mega bear, you have to be scratching your head at this week’s, and in particular, Friday’s price action. With four of the top five guns in…
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When the top four components of the S&P 500 are all mega-cap technology stocks (Apple Inc, Microsoft Corp, the combined Alphabet Inc., and Amazon.com) it is difficult for the index…
For the first time since early September, the S&P 500 index futures have put in place a three-day winning streak. The index spent much of the premarket trading in the…
In the past, the world’s markets moved in harmony. Whereas a steep decline in the Chinese stock market overnight would parlay into a bad day for the US markets. For…
Last Thursday’s rally may have been overdone and Friday’s decline was as well. At least, that is what the index’s closing price from Monday is telling us. After ending Thursday’s…
At the onset of the regular session, the two-day rally was on. Thirty minutes into the session it was off. There was simply no interest from larger players to chase…
The best way to approach this market is to expect the unexpected. The investing world was waiting for a soft Consumer Price Index reading for September and was denied. In…
Ahead of the much-anticipated CPI number on Thursday, the bulls and bears were at a stalemate. During the premarket and intraday rally, bulls came up well shy of Tuesday’s high….
The most accurate way to describe the price action in the S&P 500 index is that it cannot hold a rally. After the low for the move was defended early…
The momentum from Friday’s price to the downside resulted in the index posting its second lowest close for the year. The lowest is its month-end close for September at 3601.25….
