[su_spoiler title=”Monday-Wednesday’s Action: Bulls Defend Support” style=”fancy”] Stocks rallied nicely on Monday which was the first day the market was open since March’s weaker-than-expected jobs report was announced on Good Friday. As a quick review, U.S. employers added 126k new jobs in March, missing estimates for a gain of 250k. On Monday, the ISM Non-Manufacturing…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks Fall As Earnings Season Begins In a normal non QE world, Friday’s sell-off would signal a near term pullback will unfold. However, because of all the financial engineering from global central banks, all pullbacks over the past few years have been shallow in size and scope. Until that…
[su_spoiler title=”Monday & Tuesday’s Action: Earnings Fail To Impress” style=”fancy”] Stocks ended mixed on Monday as earnings season began and Apple Inc ($AAPL) began taking preorders for their highly anticipated iWatch. The initial data from the company showed demand remained very strong as sales topped 1 million units. In other news, shares of Netflix ($NFLX)…
[su_heading style=”modern-2-dark” size=”20″] Market Update[/su_heading] The major averages continue trading near their respective highs as investors continue to digest the latest round of earnings and economic data. The Small-Cap Russell 2000 index continues to outperform its peers, followed by the Nasdaq 100 and broader Nasdaq Composite. The S&P 500 and DJIA are perched below resistance of…