Large caps were virtually flat this week as small caps led with modest gains. The short week had mixed action but the greatest movement came Tuesday when the Turkish military shot down a Russian fighter jet over Syria. The S&P 500 opened down after the news but buyers shrugged it off before noon and theRead… Read more »
It was mostly uphill for stocks this week after some weekend worries. Despite the downward trend from the previous week coupled with terrorist attacks over the weekend, the market opened up Monday and buying continued throughout the day. The buying can be attributed to technical support as well as trends set by computer programs. ARead… Read more »
Stocks were down for the week due to the fear of a possible increase in interest rates next month. The Federal Reserve has had interest rates close to zero since the financial crisis in 2008 and have been looking for an opportunity to raise them again since. Investors have been closely monitoring the Fed’s decisionRead… Read more »
Stocks were up for the week but with turbulent action as mixed emotions stir up after remarks by Fed member Janet Yellen of a probable increase in interest rates in December. The buyers poured in Monday and Tuesday coming off the previous Friday’s close of 2079 which is not shown on the chart below. Yellen’sRead… Read more »
Stocks were down initially this week after some profit taking from the gains of the previous week. The buyers stepped back in Wednesday and stocks were up before the FOMC policy statement was released. At first, investors were not happy with the Fed’s statement of the possibility of rate hikes in December and the marketRead… Read more »
After low volume and tight trading the first three days of this week, buyers showed up Thursday and Friday and the S&P 500 saw some decent gains. Big cap technology companies seemed to be the driving force of the gap up at Friday’s open which becomes more apparent when comparing big cap indices to theRead… Read more »
After the larger gains from the previous week, Monday had minimal action as the markets were running into resistance coupled with poor economic data and investors started taking some profit mid-week. However, investors remembered how they prefer the economy to look bad when the Fed is looking for a good time to raise interest rates.Read… Read more »
Stocks were up this week and all of the TSP stock funds were up more than 3%. Monday’s open for the S&P 500 gapped up from last Friday’s closing price of 1951.36, which I couldn’t fit on the weekly chart below, leaving an open gap between the weeks. Momentum was on the bulls side forRead… Read more »
The bears put the pressure on early this week but may have left the market oversold allowing buyers an opportunity to get a piece of undervalued stocks. The bulls and the bears battled back and forth forth over next couple of days. A disappointing jobs report had an interesting effect on Friday, initially it pushedRead… Read more »
The weakness of August has now rolled into September, historically the worst month of the year. As the VIX sits near 30, which is a dangerous level, stocks are vulnerable for another panic-like sell-off. It’s possible we will see a bottom in September but first the market seems to want to test the August lows,Read… Read more »