Category Archives: Market Minute

The bulls had a ray of hope early on Thursday but that evaporated pretty quickly. It didn’t take long for the sellers to resurface with another bout of selling by day’s end. The S&P finally caved, closing below its 200 … Continue reading →

Traders were in a bad mood on Wednesday as all of the major indexes fell sharply. However, while the Dow and NASDAQ both fell and closed below their respective 200 day moving averages, the S&P did not. Notice the last … Continue reading →

Election day has come and gone and we now know who is in charge. Whatever uncertainty about the election made traders nervous yesterday is now history. Thus, we can now move on business as usual, and that means keeping an … Continue reading →

Its election day and traders aware that the stakes will be big, no matter who wins. There was nervousness earlier in the day on Monday with the VIX spiking before ending up over 4.5% for the day. The S&P got … Continue reading →

Traders were on pins and needles ahead of the monthly jobs report on Friday but a better than expected report didn’t stop the bears from taking control of the action. Just the day before the bulls had made a statement … Continue reading →

The bulls were determined to hold the line on Wednesday and try to make some headway on Thursday and they were successful in their efforts. With the bears enjoying the technical advantage the bulls needed to show some strength or … Continue reading →

Its been a very long time since the market was closed for two full days due to weather. But traders were ready to move into action right when the market opened at 9:30 am eastern. The market started out fine … Continue reading →

Friday turned out to be a fairly flat day in spite of a better than expected GDP report. Now traders are looking forward to Friday’s jobs report, a key economic indicator before the election. Notice how the 20 day moving … Continue reading →

Wednesday started out with some promise but faded as the day progressed. The S&P got as high as 1420 before traders moved back to the sidelines. Note how the 20 day moving average is converging on the 50 day, and … Continue reading →

Tuesday was another good day for the bears as traders collectively moved to the sidelines while moving out of equities. The S&P got as low as 1407 before closing at 1413. The bulls are now boxed into a corner, with … Continue reading →