With 2 weeks left in Q3 2015 and less than 2 days before a highly anticipated FOMC interest rate decision, investors and traders seem evenly divided over what the FED SHOULD do, as well as what the FED WILL do, and whether the next meaningful move for stocks is another run at new highs or […]
Continue ReadingThis was NOT the type of “Turnaround Tuesday” investors were looking forward to. Probably the 2 biggest questions investors are asking this morning are: Is this really August? and How can this only be Wednesday? No doubt we’ve had at least a week’s worth of action the last 2 days, capped by a stunning […]
Continue ReadingChina’s PBOC lowered bank reserve requirements by 50bp at the end of their business day on Tuesday. Day traders had a field-day. Hitting the news wires shortly after 6:00 AM EST this move has kicked the futures rally into second gear, now projecting market averages could erase most of Monday’s losses in the first few […]
Continue ReadingStock Market Looking for a Near Term Washout How Did We Get Here? Global Equity Markets succumbed to a perfect storm of Currency, Commodity, and Technical influencers last week as major market averages broke convincingly below their 200 day moving averages, culminating Friday with stocks having their worst daily decline in 4 years. There are […]
Continue ReadingThursday recap: Equity markets finally ran out of “Get out of Jail Free” markers, as stocks opened ~1% lower, never staged a serious rally attempt, and deteriorated late in the day to close at session lows. By day’s end Major Market Averages were lower by 2% and more, volumes were reasonably strong for mid August […]
Continue Reading