Back to the grind after a long holiday weekend. The stock market and interest rates behaved last week so perhaps we are seeing some consolidation before the next move in either direction. The small-cap growth stocks have been in the pole position and leading the market higher these past few weeks, see below. The Fed […]
Tag: $TNX
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 […]
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 […]
Good Close to a Choppy Week
A very choppy week until the last two hours of Friday’s trading session where all four indices synched up to close on the highs for the week – something we haven’t seen in some time. This is a strong technical signal that the uptrend from the 2/9 low will continue into next week, further implying […]
Rising Rate Fears Awaken Volatility
The stock market largely received good economic data and earnings this week which was a reminder that interest rates are likely to normalize (rise) in the coming 12-24 months. This wouldn’t be such a big deal if the Fed had begun rising interest rates a few years ago but now the market is beginning to […]