TECHNICAL ANALYSIS The DJIA spent the entire week in negative territory, closing down 2.77% or 953.4 points. The hourly chart is showing a rounded top formation as prices react to frothy sentiment the past two weeks and a cacophony of negative headlines coming from America’s major ‘corporations.’ Prices ended at the bottom of the weekly … Read more
TECHNICAL ANALYSIS VIX Volatility Index Daily Candles The DJIA closed up 200 points on Friday to end the week a couple of points lower, just off the current closing high on the daily chart, set last Friday the 11th, at 33747.8. This area represents a 62% retracement of the entire bear move in 2022. The … Read more
TECHNICAL ANALYSIS Dow Jones Industrial Average Weekly HLC The DJIA gapped higher on Monday and held rallies throughout the week, ending with a 5.72% gain with a rally of 829 points in Friday’s session. Prices are now up 14.4% off the recent lows as the weekly starts to turn up from slightly oversold conditions. The … Read more
TECHNICAL ANALYSIS The DJIA saw a minor reprieve form the selloff in the critical timing window outlined in the last update and plunged again late in the week to close down 2.93% for the third straight week of steep declines on the weekly. For the month of September, the DJIA was down 8.84%…the worst monthly … Read more
TECHNICAL ANALYSIS The DJIA ended an outside week down with a -4.13% loss. Friday’s trade took the index into the previously outlined ‘last-gasp’ support area at 30810/30680. The action filled in the gap that has stood on the daily chart in that area since July 15th. A late rally took prices to close near the … Read more
MARKETS U.S. indexes gain despite fears of oil prices as the market settles on Fed rate direction. The S&P 500 was up 1.1% in afternoon trading. The Dow Jones Industrial Average rose 0.90%, and the Nasdaq Composite has gained 1.2%. The Federal reserve first… Backed by a strong U.S. economy still creating jobs at a consensus- … Read more
MARKETS Stocks tentively up on Friday morning as the August’s jobs report came in on right at forecast. The jobs report showed the economy added 315,000 jobs for the month, just under the Dow Jones estimate for 318,000. august 22 jobs report August Jobs Report as it relates to the September interest rate hike The … Read more
MARKETS The S&P 500, has been below its 200-day moving average for 100 trading days, the longest since June of 2009. The Nasdaq Composite has been beneath that average for 157 straight trading days, the longest run since a 178-day streak that ended in May 2009. The Dow industrials, trading has been trading under its … Read more
MARKETS Aug 31, Stocks are mixed early Wednesday after major indexes suffer three consecutive days of losses driven by Fed dialogue over rate policy. Weaker-than-expected private payrolls data and a slide in oil prices help offset worries about inflation. All three indexes are on track to finish the month about 3% lower, though they’re still … Read more
MARKETS, GOVERNMENT REPORT SERIES Aug 30, U.S. stocks closed lower for a third straight session as a government job openings report fueled speculation that U.S. Federal Reserve needs to maintain its hawkish pursuit of for more interest rate hikes. Dow down 0.96%, S&P 500 down 1.10%, Nasdaq down 1.12%. United States Job Openings in July … Read more