We saw some interesting action this four day week producing a potential bottom to these January woes. Nothing is certain but the bulls do have a little momentum on their side as we run into earnings season. Although the day ended in negative territory, Wednesday’s reversal gave buyers some confidence. The bulls followed up withRead… Read more »
We saw some life in buyers who put up a fight at Monday’s close as well as producing a couple of positive days Tuesday and Thursday. However the nature of this 2016 market continues and the sell-offs Wednesday and Friday took away those modest gains along with the hopes of investors who have stuck withRead… Read more »
One week down, fifty one to go. Unfortunately is was an ugly week if you were in stocks. It’s not too much of a surprise to see big moves in the market the first week of the year. It seems we’re going to see another volatile year so weeks like this hold opportunity for theRead… Read more »
Stocks were during the last week of the year as investors took profits from the pre-Christmas gains, securing some cash going into the new year. Tuesday was the only positive day of the week, gapping up at the open and closing not far from the highs of the day, but these gains marked the endRead… Read more »
We saw the typical holiday positive action this week coming off last week’s lows. There was still some fight in the bears on Monday but with the season on their side the bulls took control the rest of the week. All the TSP stock funds were up more than 2% for the week while theRead… Read more »
Despite the big rally after the Fed rate hike on Wednesday, the declining price of oil took center stage on Thursday and investors quickly turned to selling. The selling continued over night, causing a gap down at Friday’s open, and closed at the lows putting the S&P 500 in negative territory for the week. TheRead… Read more »
It was quite the battle between bulls and bears this week. Intraday choppy action was a consecutive theme but the with the sell-off of oil on their side the bears came out on top. The recent selling in the oil market has dragged energy stocks down along with it effecting markets around the globe. BuyersRead… 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 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 »