Stocks were mostly under pressure again Friday with the S&P -1.03%, NASDAQ -0.07% and Russell +1.00%. QQQ lost its 50 DMA but I expect $380 to hold through year end. NYSE + NASDAQ Advancers to Decliners were 3,902 to 4,108…
The S&P was -0.87%, the NASDAQ -2.47% and the Russell -1.95% Thursday. All of the NASDAQ’s Wednesday post-Fed gains and more were erased. Apple (AAPL) – the market’s leading stock – was -3.93%. QQQ got hit hard but once again…
The expectation heading into Wednesday’s Fed Decision is that the Fed will double the pace of its taper to $30 billion/month. That much has probably been priced into markets after Tuesday’s session. Further, my guess is that Chairman Powell will…
The expectation heading into Wednesday’s Fed Decision is that the Fed will double the pace of its taper to $30 billion/month. That much has probably been priced into markets after Tuesday’s session. Further, my guess is that Chairman Powell will…
My best guess is that nothing much will change with QQQ, IWM and ARKK through year end. I can’t rule out QQQ breaking out to the upside but IWM likely won’t resolve its range until next year and ARKK will…
Friday morning’s much anticipated November CPI Report came in essentially inline with expectations with headline inflation up 6.8% year over year and 0.8% month over month. This likely means the Fed will go ahead with its accelerated tapering plan next…
After a strong three day bounce, the market softened Thursday with the S&P -0.72%, the NASDAQ -1.71% and the Russell -2.27%. NYSE + NASDAQ Advancers to Decliners were 1,997 to 6,030 on relatively mild volume of 8.3 billion shares compared…
Stocks drifted higher on low volume Wednesday. The S&P was +0.31%, the NASDAQ +0.64% and the Russell +0.80%. NYSE + NASDAQ Advancers to Decliners were 5,141 to 2,883 and volume of 8.8 billion was light relative to what we’ve seen…
Bulls took back control of the stock market Tuesday with a massive relief rally that sent the S&P +2.07%, the NASDAQ +3.03% and the Russell +2.28%. This is more than a bounce at this point and the bulls have the…
I do expect bulls to make a stand next week – perhaps as early as Monday morning. While everything else is technically broken, the QQQ has not cracked yet. While QQQ did take out $390 last week, it found support…