[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market continues to “pause” and “digest” late August’s steep sell-off. So far this is “normal” action after a big move and we have to expect the market to move sideways until the S&P 500 closes above near term resistance (1993) or below near term support (1867). Until…
[su_spoiler title=”Monday-Wednesday’s Action: Wild Swings Continue” style=”fancy”] Stocks fell on Monday on the latest trading day of the month. The major U.S. indices fell over 6% in August, posting their worth monthly decline in several years. The big news came from Oil. Oil prices continued their week-long surge. Over the past 5 days…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] In the short term, the next level of support is 1867 in the S&P 500 and the next level of resistance is 1993. By definition, until either level is breached we expect sideways action to continue. Stocks ended lower last week ahead of the long holiday weekend. In our…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market continues to go nowhere fast as it pauses to digest last week’s manic sell-off and violent recovery. We have the always-fun jobs report tomorrow which will be the last “big” piece of economic data ahead of the Fed’s next meeting in the middle of Sept. In…