Nuclear Tensions Send Stocks Lower – From Overbought Conditions The market fell from extremely overbought levels last week as tensions rose between the U.S. and North Korea. The major indices were extended to the upside and way overdue to pull back. The S&P 500 and Nasdaq pulled back into their respective 50 DMA lines while…
My friends, this is what a bull market looks like! Just look at the chart above! The market ended higher last week as investors digested a slew of mostly positive earnings and economic data. The big economic news came on Friday when the government reported a stronger-than-expected jobs report. So far, earnings are mixed to…
The market ended mixed last week as investors digested a slew of earnings and economic data. So far, earnings are mixed: Netflix, Facebook, Amazon, and Google reported earnings and Netflix and Facebook are up, but the others are down. Several other well-known stocks reported earnings last week with the reaction still mixed. The Dow ended…
The broader indices ended mixed while small cap stocks tried to breakout last week as earnings season officially began. Just to recap the first full week of earnings, the data is mixed. So far, nearly all of the big banks reported earnings, and nearly all of them, except for Morgan Stanley, fell on the day…