[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] July 2015 was a volatile month as investors had to navigate two potential external shocks (Greece and China) and digest a slew of economic and earnings data. After all was said and done, stocks ended the week and month higher after successfully testing critical support (bottom of the year-long…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices bounced off support earlier this week and remain range-bound as earnings continue to be released in droves. Tomorrow is the last day of the month and we don’t usually see a huge move on the last trading day of the month, quarter or year. Looking at…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices are bouncing from oversold and logical levels of support (200 DMA line in the S&P 500 & Russell 2000, and 50 DMA line in the Nasdaq 100). The market remains range-bound and the tape remains very split. Today we are seeing a lot of beaten down…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The year-long trading range we have seen on Wall Street continued as the benchmark S&P 500 pulled back last week after flirting with resistance (the top of its year-long range). There is a very high probability that the major averages are forming a large topping pattern after a strong…