It was a classic crossover as bulls got lulled into a consistent rhythm of an intraday lateral trend and suddenly tripped on the crossover headfake as smart money used the recent rally to sell into strength while the election draws near.
New 3-day lows have a high probability for continuation patterns but such was not the case today as stocks rallied to recoup most or all of their losses. This time it looks like bears got spooked instead of bulls.
While continuing to build out this website and transitioning from Beta to launching new premium services research reports, Market Notes…
Channeling the Fed’s latest sentiment was Atlanta’s Fed President Bostic, who openly acknowledged the limitations of its monetary tools and policies and emphasized the need for more relief in the form of fiscal policy to “aid the US economy”…
Even though Congress is “miles apart” on a stimulus agreement as House Speaker Pelosi aptly put it, investors are not abandoning faith or this high-tech momentum fueled rally as evidenced by today’s sharp rebound in technology stocks…
President Trump announced potential tax cuts on capital gains and income. However, admission from Senator Mitch McConnell that stimulus aid talks were at a stalemate quickly curbed investor enthusiasm…
Trading in equities yielded mixed results. The SP-500 closed in positive territory while the Nasdaq-100 lagged from declines in Information & Technology and Healthcare, two of the market’s strongest sectors. A rotation appears to be occurring into…
There will be no market notes or commentary this evening due to schedule conflicts.
There will be no market notes or commentary this evening due to schedule conflicts.
There will be no market notes or commentary this evening due to schedule conflicts.