August Monthly Recap: Range-Bound Action Continues…For Now After all the dust settled, the market ended the month slightly lower but it was a volatile and mostly range-bound month. Stepping back, the market is still range-bound as it is trading between support and resistance and the S&P 500 is only -3.5% below a record high. One…
Range-Bound Action Continues…For Now After all the dust settled, the market is still range-bound as it is trading between support and resistance. One must expect this sloppy range-bound action to continue until either resistance, or support, is taken out. Until either event occurs, we have to deal with this messy action. In the short-term resistance…
Stocks End Week Lower After Bond Market Fires Recession Warning It was another wild week on Wall Street as the spooky R word (recession) returned for the first time in years. On Monday, several of the big U.S. banks came out and increased the chances of a recession occurring in the near future. That was…
A Wild Week On Wall Street This was the wildest week we have seen all year on Wall Street. On Monday, stocks tanked after China retaliated to Trump’s latest round of tariffs. Then, the market rebounded sharply after the bulls showed up and defended the longer-term 200 DMA line. For the week, the market ended…