Dow Flirts With 200 DMA Line The major indices ended mostly lower last week amid the ongoing trade woes. In the first half of the week, President Trump said he will consider adding tariffs on nearly $200 billion worth of Chinese goods. A few days later, China responded by saying, the US has “delusions” regarding…
Stocks End Week Mixed As Trade Woes Divide Wall Street The split tape I mentioned over the last few weeks continues as the Nasdaq and Small-Cap Russell 2000 hit fresh record highs while the S&P 500 and Dow Jones Industrial Average lag. The reason is simple: there remains a lot of uncertainty with respect to…
Nasdaq Hits A New Record High Ahead Of The G-7 Meeting The Nasdaq hit a fresh record high and officially ended its four-month “correction.” That came shortly after the small-cap Russell 2000 ended its correction and hit fresh record highs. Clearly, those are the two areas of strength as they were the first indices to…
WHEN HEADLINES FAIL TO TANK MARKETS….IT’S BULLISH! Once again, the market had every chance in the world to fall last week and the fact that it didn’t is very bullish. Even though it was a shortened holiday week it was a busy week of headlines nonetheless. The market opened on Tuesday with a big…