[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue acting well as they are simply pausing to digest their very strong 2.5-week rally from the 7/7 near-term low. Ideally, we would like to see the S&P 500 form a little “handle” here before jumping out of its 7-month trading range. The Nasdaq Comp &…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Last week was a bullish week on Wall Street as investors sent stocks higher after the “data” pretty much took a June rate hike off the table. The Fed believes that the economic weakness was ‘transitory’ in Q1 2015 which is their way of saying they believe the economy will…
Market Update: The major averages continue to go nowhere fast as the latest round of economic and earnings data continues to be released. The major averages are trading near their respective highs as investors are trying to make heads or tails with the latest data and -more importantly – what The Fed will do at their June meeting….
[su_heading style=”modern-2-dark” size=”20″] Market Update[/su_heading] The major averages continue trading near their respective highs as investors continue to digest the latest round of earnings and economic data. The Small-Cap Russell 2000 index continues to outperform its peers, followed by the Nasdaq 100 and broader Nasdaq Composite. The S&P 500 and DJIA are perched below resistance of…