[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks ended mixed last week as investors look forward to next week’s Fed meeting (Tues/Wed) and theon-going drama with Greece. The latest round of incoming economic “data” failed to “impress” whichmeans the Fed will likely not raise rates in the near future. It is important to note that the Fed…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Once again, the bulls showed up and saved the day – helping the S&P 500 bounce almost perfectly off its 150 DMA line on Tuesday. The Fed is scheduled to conclude its 2-day meeting on Wed. Ahead of that, barring some unforeseen event, we do not expect a “BIG”…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indexes are under a little pressure as the transports continue to woefully under-perform and are forecasting a recession (notwithstanding the Fed/EasyMoney). Lots of other areas are breaking down and/or getting in trouble which definitely raises concerns for the major indices. The S&P 500 kissed its 150 DMA…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks Fall As Incoming “Data” Is Mixed Stocks fell last week as the incoming “data” remained mixed which does not provide more clarity regarding when the Fed will raise rates. Remember the Fed has a dual mandate: help the economy and keep inflation near its 2% target. Right now, both…