An Excursion to the 200-Day Moving Average Sparked by Fed Chair Powell’s nominally dovish remarks last Wednesday, the market spiked up, soaring past the 200-day moving average for the first time since briefly touching it in August. This 10-day chart shows last week’s jump and subsequent sideways move, and the down days on Monday and …
A Mixed Thanksgiving Bag Black Friday shopping over las weekend sent conflicting signals to the markets. While online sales were reported to be over $9 billion, anecdotal reports from retailers – the numbers aren’t in yet – seem to indicate that brick-and-mortar sales were slow. Regardless of how much was or wasn’t spent, what …
NASDAQ: 12,000 Test Level Sparked by Mr. Market’s undying faith in the someday Fed pivot — even if it’s failed him repeatedly since late summer — the tech index crossed the 55-day moving average on the market’s big gap up on Thursday. It then continued upward with another big gainer on Tuesday, bringing the …
Don’t Blame Me, I Voted For the Other Guy This is probably what most voters will be telling each other for the next two years, as our divided electorate more or less voted for more of the same leading up to the 2024 Presidential campaign (which unofficially starts like, yesterday!). The anticipated “Red Wave” …
Bear Market Melt Up The markets, the nation, and the world are on hold this week, as Fed policy, U.S. elections, and a European financial and energy crisis keep markets locked into a narrow trading band. As we write on Tuesday, the biggest question is what will happen on Wednesday, when the Fed releases …
Bear Market Melt Up The market rallied smartly at the start of the week, fueled by Friday’s “this time for sure” Fed pivot hopes. Concierge readers got the full breakdown in Monday’s mail. We pointed out that nothing has really changed in the fundamental picture, but we took note of the shift in investor …
What to expect in this week’s Market Slice: Bad news may just be the good news we need What exactly is a “zombie company” and how is this impacting your trading An interesting recount of the housing interest rates as they have changed since October If you like the analysis and insights you get …
What to expect in this week’s Market Slice: A brief rundown of the featured content in our Concierge newsletter about the global markets. Goldman trader Bobby Molavi stock market predictions Discussion surrounding how the rate of increase in the Fed Funds rate is faster than at any time in history If you want more …
What to expect in this week’s Market Slice: The recent crisis in the U.K. bond market sparked by new announcement of tax cuts Do fundamental factors support strengthening in the dollar, or has it shifted global currency markets Updates on S&P 500 indexes, NASDAQ composites, and 3 month and 1 year U.S. Dollar Index …
What to expect in this week’s Market Slice: The massive expansion of risk-on assets was led by two asset classes: Cryptocurrencies and tech stocks. Unlike the long-term investors who buy to “hold on for dear life,” spec traders are looking for quick gains based on major changes in market sentiment. How the September selloff …
