It wasn’t a great session for the stock market today. But after rallying most of this week, it’s hard for bulls to complain too much heading into the long holiday weekend. The SPDR S&P 500 ETF (NYSEARCA:SPY), SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and PowerShares QQQ ETF (NASDAQ:QQQ) each tacked on over 2.5% on the
Stock Market
Earlier this week, stocks rallied on encouraging comments from President Donald Trump about trade talks with China. Of course, the rally was nice, but it was accompanied by doubts, confirmed by some Chinese media, that the president hadn’t actually talked to anyone in China about cooling off the long-running tensions. Source: rafapress / Shutterstock.com Fortunately,
It was a good day for bulls in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) rallied 1.28%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) jumped 1.3% and the PowerShares QQQ ETF (NASDAQ:QQQ) climbed 1.5%. Betting on hope is rarely a sound strategy, but with futures jumping in the morning, that was the
Wednesday was an interesting day of market action. Stocks rallied even as some market observers said investors may be overlooking mounting signs of a looming recession. Source: Venturelli Luca / Shutterstock.com On a related note, new Quinnipiac Poll showed 37% of those surveyed believe the U.S. economy is declining while just 31% see it getting
While the SPDR S&P 500 ETF (NYSEARCA:SPY) is basically flat so far this week, there’s been plenty of moves between the open and the close. In the stock market today, investors saw stocks drop lower, with major indices down about 50 basis points before reversing and closing notably higher on Wednesday. All in all, the
Stocks gyrated between green and red territory Tuesday as investors remained pensive about the next step in trade negotiations, putting a lid on gains for riskier assets today. Source: Shutterstock It wasn’t a terrible Tuesday, but it certainly could have been better. When the closing bell sounded the Nasdaq Composite was lower by 0.34% while
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It was a bumpy session in the stock market today. United States equities put together a strong session on Monday and opened higher again on Tuesday. However, stocks slipped in afternoon trading, with each major U.S. index closing lower. The most concerning was the Russell 2000, which fell about 1.3%. Investors are still searching for
In Swing Trading Toiday we update our Technical Analysis of both Google and Silver along with a review of the charts of the futures market this morning. ✅14 Day Free Trial Final Days! Hurry! http://bit.ly/2Akb7Lq ================================================= ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ================================================ ?TrendSpider Automated Charting Tour http://bit.ly/2vhKA07 Use Discount Code CT25Z
Stocks have been volatile enough this month, but then again, so has President Donald Trump’s rhetoric on trade with China. Last week, President Trump was lobbing vitriol at the Chinese via Twitter (NASDAQ:TWTR) and opining that his only regret was not hitting the world’s second-largest economy with higher tariffs. Source: Pavel Ignatov / Shutterstock.com Today, Trump,
In our anaysis of Carbonite $CARB we discuss the unsustainable downtrend in the shares. We are long but looking to add more aggresivily at key histroical support levels on the stock charts. ✅14 Day Free Trial Final Days! Hurry! http://bit.ly/2Akb7Lq ================================================= ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ================================================ ?TrendSpider Automated Charting Tour
Friday was a brutal session and Monday looked like it was going to be more of the same. Trade tensions flared heading into the weekend and investors were tripping over themselves to sell. Sunday night futures were looking like another tough day was coming. But as we’ve said plenty of times before, all it takes
Wall Street is trying to break a two week losing streak. And whether it is successful or not likely rests on Federal Reserve Chairman Powell speaking tomorrow. His words have recently moved markets violently. Regardless, the effects should be short term and eventually stocks will trade on their own merits. So we seek the top
Stocks were back and forth, in the red and in the black, for the better part of Thursday’s action. When push came to shove as the closing bell approached though, neither side of the table was doing much shoving. The S&P 500 closed a mere 0.05% lower yesterday. Source: Shutterstock It wasn’t because some names
Today Bob discusses his swing trades for next week. While Google has great products and services it is time to short GOOGL. Bob also lays out why he is very bullish on Silver using the USLV ✅14 Day Free Trial Final Days! Hurry! http://bit.ly/2Akb7Lq ================================================= ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ================================================
U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. Another potentially market-moving event today is an address by Federal Reserve Chair Jerome Powell to economists that could provide further insight into the future path of interest rates. Source: Shutterstock Against
Investors waiting on encouraging comments from leaders such as Fed Chairman Jerome Powell and President Donald Trump did not get what they were hoping for Friday. Source: Shutterstock Stocks tumbled after President Trump took to Twitter (NASDAQ:TWTR) to — you guessed it — deride China AND the Fed. As I noted on Thursday, Powell’s comments from the
Wall Street is still nervous and for good reason. The economic global wars are escalating especially between the US and China. Just Friday and ahead of the G7 meetings, China announced resuming its tariffs on US autos. So the politicians continue to pick on headline scabs and cause upside breakout setups to fail at inopportune
It was a Rorschach test of sorts, in that investors read what they wanted into comments made by Federal Reserve Chairman Jerome Powell today in Jackson Hole, Wyoming. Then President Donald Trump responded. Powell said there is no “rulebook” for a trade war and promised that the Fed would “act as appropriate to sustain the
Wednesday’s bullishness faded on Thursday, with investors mostly spooked by this month’s manufacturing activity. IHS Markit says the purchasing manager’s index fell below the 50 level last month, for the first time since September 2009. The data jibes with a weak new orders figure. Investors were also conflicted about comments made by German Chancellor Angela