Financial Markets Newsletter

S&P 500 ETF: $SPY

Bears Prep for Hibernation

The stock market had a good week and we may be carving out the beginning of a new uptrend as earnings season begins to wind down. In general, earnings were good so corporate America continues to chug along while the Fed raises interest rates and inflation begins to become part of the 2018 narrative. Inflation […]

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S&P 500 ETF

PING-PONG

No answer just yet but for those that are just tuning in, the major indices are still resolving the technical breakdown that occurred in early February. We should have an answer soon but, for now, we are stuck playing ping-pong between the 50 and 200 day moving averages as you can see in the chart […]

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$SPY ETF

Threading a Needle

We are in the midst of earnings season and they have been largely better than expected. However, not all stocks have had the best reactions for a myriad of reasons. Amazon and Facebook posted good numbers AND price action so there is still hope for this market to make a run at new highs later […]

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$SPY: S&P 500 ETF

Bonds vs. Stocks

Almost a good week for the stock market. What looked to be a breakout mid-week, ended up being weak price action that confirmed a technical pattern that implies we are likely to test the lows again next week. Let’s take a closer look at the S&P 500 to see what is going on:   Another […]

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Kisco Capital

Will Syria Tread on the Stock Market?

Stocks ended up higher this week but sold off into Friday’s close in what may have been in anticipation of military action with Syria. From what I can tell, it seems as though the U.S. bombing of Syria may be completed but there may be retaliation (military and/or economic) of some kind in the coming […]

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Evening Doji Star

Breakout Failure

A good week for stocks until Friday afternoon where the DOW rolled over and pulled the other indices lower. In fact, the indices were in the midst of breaking out to the upside this week but failed in their effort and were pulled down to the 200 day line, again. What I would also like […]

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S&P 500

Holding the Line

This past week has been very choppy, unpredictable and taxing to those who watch the tape. The good news is that we tested the 200 day for most of the week and it held with a good close on Thursday to end the first quarter of 2018. Wether we crash from here or re-gain our […]

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NASDAQ 100

Bottom or Bust!

The stock market continues to try and resolve the technical wreckage from the sell-off that occurred in February after a top in late January. In many cases, you will see stocks test a bottom twice before finding a base and continuing to move higher – a double bottom. Will we find a bottom or is a […]

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