A Wild Week On Wall Street This was the wildest week we have seen all year on Wall Street. On Monday, stocks tanked after China retaliated to Trump’s latest round of tariffs. Then, the market rebounded sharply after the bulls showed up and defended the longer-term 200 DMA line. For the week, the market ended…
Stocks Fall After Fed Meeting & New Tariffs The market fell hard last week after the Fed cut rates and Trump announced a new 10% tariff on Chinese goods. Volume picked up as the market sold off which is not a bullish sign. Stepping back, the market was extended and over due for a nice…
Stocks Hit New Highs As Earnings Season Continues The major indices rallied nicely last week as investors digested a slew of earnings and economic data. On average, the reaction to earnings was positive as the major indices flirted with fresh record highs. There were a few big earnings disappointments (gap down) and a few nice…
Stocks Slid Last Week As Earnings Season Begins The major indices slid last week as earnings season begin in earnest. The market was mostly quiet last week as investors digested a slew of earnings and are waiting to see what the Fed will do at their next meeting. So far, earnings have been a mixed…