The Fed kept rates in a range of 4.25% to 4.5% but the central bank still signaled two rate cuts this year while simultaneously hinting at a stagflationary threat. Fed Chair Powell said they are beginning to see some effects of tariffs on...
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For the week, the Nasdaq slipped 0.6% while the S&P was dipped 0.4%. The Dow fell 1.3% and the Russell stumbled 1.4%. The market pullback stalled momentum while volatility settled above a key level of resistance. The bright spot...
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The opening gains on Wednesday was a result of a positive Consumer Price Index report which showed inflation is slightly easing. There have been, and still remain, concerns that President Trump’s tariffs would accelerate the rate of...
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For the week, the Nasdaq jumped 2.2% while the S&P rose 1.4%. The Dow was up 1.2%. The big story was the Russell as the small-caps soared over 3%. All of the major indexes are still holding current and adjusted uptrend channels with...
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Tuesday’s pop above key resistance levels was a bullish signal for the major indexes as there was some follow thru on Wednesday. The bullish action this week has kept the uptrend channels intact and previous resistance will now try to hold as...
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The small-caps were the first index to clear and hold the first layer of resistance following the beginning of the month selloff. This could be an early signal the rest of the market could be bottoming. Key resistance at 35 held on the VIX...
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Although the bears won the shortened week, volatility closed below a key level of support (30) that had served as prior resistance ahead of the three-day selloff from the beginning of the month. A rising VIX is bearish for the market...
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