The Dow and the Russell cleared their 50-day moving averages on Friday to join the Nasdaq and the S&P after they cleared their 50-day moving averages on Thursday. Up Friday’s and Monday’s typically signals money is moving into the...
Read MoreThe GDP numbers showed the first contraction of the economy in three years and marked the first quarter of negative growth since the start of 2022. After Wednesday’s close, a deal was announced between the United States and Ukraine over...
Read MoreThe next waves of resistance for the major indexes are at the 50-day moving averages and ahead of the height of the first-quarter earnings season that comes into focus this week. The blue-chips lagged and are struggling to breakout of their...
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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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Fed Comments Stall Momentum The first clue the market needed to see this week that a possible near-term bottom could be forming is the easing in volatility. That has failed to materialize. We talked about the bulls likely needing multiple...
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JPMorgan (JPM) announced better-than-expected numbers to start the first-quarter earnings season and provided a much needed lift to the financial sector. The major indexes traded in tighter ranges on Thursday and Friday with key resistance...
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