[su_spoiler title=”Monday-Wednesday’s Action: Record Moves Up & Down On Wall Street” style=”fancy”] U.S. stocks experienced their weakest open in history after Asian markets plunged on continued growth concerns. China’s Shanghai Composite tanked -8.5% overnight which sparked a global sell-off. Before Monday’s open, “fear took over” causing the Dow & S&P 500 futures were…
[su_spoiler title=”Monday-Wednesday’s Action: Sellers Are In Control” style=”fancy”] Stocks opened lower on Monday but quickly turned higher as investors digested the latest round of economic data. Before the open, the empire state manufacturing index plunged to negative -14.92, missing consensus for a positive 4.75. The housing market index rose to 61, matching estimates…
[su_spoiler title=”Monday-Wednesday’s Action: China Devalues Currency” style=”fancy”] Stocks soared on Monday after more overseas news helped lift stocks. China’s Shanghai Composite jumped nearly 5% after below-consensus trade data from China was viewed as an argument in favor of more easy money. European stocks rallied on the news amid reports suggesting Greek officials and…
[su_spoiler title=”Monday-Wednesday’s Action: Apple Breaks Support ” style=”fancy”] Stocks fell on Monday after Greece’s stock market plunged 20% after being closed for 5 weeks. Apple ($AAPL) sliced below support of its year long base and broke below its 200 DMA line which also weighed on stocks. China’s Shanghai Composite fell another -1.1% after the…