[su_spoiler title=”Monday-Wednesday’s Action: Buyers Showed Up On Wed” style=”fancy”] Stocks slid on Monday as investors waited for Apple’s latest developer conference. The tech giant announced a few new changes and items to their roster, namely Apple Music which allows people to stream their music. U.S. stocks edged lower after Friday’s jobs report topped estimates which…
[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…