Stock Fall After Hitting Resistance: Stocks ended the week mixed to mostly lower as the market fell after hitting resistance (200 DMA line). At this point, it is perfectly normal to see the market pullback to digest its recent rally. On a relative basis, the Dow is trading near its 200 DMA line and is…
Trifecta Of Data Boosts The Market Higher: The market ended higher last week helped by a trifecta of positive data: The Fed, earnings, and economic data. The big move came from the Federal Reserve, after it said it will pause and not raise rates in the foreseeable future. That is a BIG shift from the…
Global Central Banks Juice Stocks – Again: The market opened lower last week but closed mixed to higher after the Federal Reserve and the European Central Bank (ECB) made it abundantly clear that easy money is here to stay for the foreseeable future. The big bullish change is that the Fed put (which means the…
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