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Global markets are upbeat as Greek parliament approves austerity measures
After annual gains of over 13%, 29%, and 11% over the last three years, the S&P 500 stands at a year-to-date gain of 2.36% roughly half way through the year. The 40 year average is 10.18%. Once...
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Earnings in focus as markets remain range bound
In the absence of major news or market data this week, the earnings have been the focus. Certain major companies such as IBM, EBAY, and even Apple have disappointed to one degree or another. The...
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US GDP is soft, and Jobless Claims Lower than Expected
The Fed, as expected, has kept interest rates unchanged for now and will continue to monitor inflation and jobs data going forward for a possible future increase as early as September. A recent poll...
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U.S. Layoffs Top 105K as Fed to weigh jobs data
The markets seem very volatile and crazy when we experience 100+ point swings intraday, and the earnings action before and after the bell can be boom or bust on an individual stock basis. Get the...
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Wild Ride on Wall Street Settles Down
As long as you were not paying attention to the markets intraday, Wednesday’s price action was quite boring. Devaluation concerns for the Chinese Yuan currency caused wild market swings worldwide. In...
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Markets rocked globally, jobless claims worse than expected
Chinese currency devaluation is clearly having global impacts on markets globally. That combined with FOMC July meeting minutes led to big swings in the broader markets. Initially, markets jumped...
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Broad rally overseas and strong GDP numbers brighten market outlook
Spurred by Chinese currency and economic slowdown concerns, the major U.S. markets have dropped rapidly and dramatically, busting the S&P 500 out of the range that has held since February. Lows...
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U.S. Job report disappoints. Euro Zone PMI strong.
Nothing much happens in the markets this time of year, right? After slicing through multiple support levels in dramatic fashion, and bouncing from multi-month lows, the markets remain spikey, and yet...
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Jobs data on target, markets weak globally
After a pennant formation resolved itself to the downside last month, it appears that a new pennant formation is forming. While it looked as though the U.S. market was primed for a liftoff with the...
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Jobless claims down ahead of Fed decision
The U.S. Markets, after bouncing off of multi-month lows, have been chopping sideways, but rallying over the last few days on weak volume. All major markets finished strong into the close ahead of...
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Job data better than expected, Yellin to speak
The S&P 500 is decidedly having a down week, and is also down for 2015. With earnings and the September Fed announcement behind us, U.S. markets are mostly being influenced by global factors such...
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Jobless Claims Down
The markets have been mostly positive this week with the S&P 500 fighting its way back to the top of its current range. The 2000 level has both technical and psychological resistance at this...
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Jobless Claims Down, Markets Rally
The S&P 500 has run up, bumped up against resistance, and failed to decisively break through just yet. Softness was seen in the retail data overall, and specifically with Walmart due to poor...
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China Q3 GDP and markets upbeat
Markets took one more leg up this past week before rolling over just below the price range established during the first half of 2015. Volume is tame, and the news is relatively quiet. Low wage growth...
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GDP Growth only 1.5%
The S&P 500 this week has charged above the 200 day moving average, pulled back to it, and bounced off of it to the upside. The bounce was assisted by dovish comments from Janet Yellin this week...
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The S&P 500 is now squarely back in the middle of the range where it has spent most of its time since early 2015. In order to get there, the S&P has surge over 10% in just a few weeks, and...
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Unemployment remains disappointing
After climbing decisively back to the middle of its familiar range, the S&P 500 has spent most of the last few days drifting lower as the bulls have grown weary. Appetite for risk and overall...
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Markets up Worldwide
As we anticipated, the recent bearish pullback ran out of gas, and the bulls decisively took control, driving the S&P 500 well back into range we have experienced for much of 2015. Release of FOMC...
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269K Newly Unemployed
Despite a rough day highlighted by a shooting attack in California, the S&P 500 remains firmly in the middle of our well established trading range. The Nasdaq is showing relative strength as it...
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Fed ups rate by 0.25
The S&P 500 finally found its support near the 20-day low formed in mid-November and rallied three straight days. Topping off the action was a Fed interest rate hike announcement that was received...
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