It’s Lockhart’s Fault

U.S. stock indexes slipped Tuesday after Federal Reserve Bank of Atlanta President Dennis Lockhart said the economy is “ripe” for a rate hike. The Dow was down 85.7 points, or 0.5%, to 17513. The S&P 500 fell 0.4% to 2089, while the Nasdaq fell 21 points, or 0.4%, to 5094. As September approaches my feeling […]

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Market Grinds Higher

It was an up week for Mr. Market. The SPX bounced right at its 200 day moving average. The Nasdaq bounced right at its 50 day moving averages.  The Russell over through  its 200 day ma on Tuesday by a bit, but then turned around and ripped.  The antiquated Dow is still below its 200 […]

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A Nice Rally Off The Lows

The stock market ended the Thursday session on a slightly higher note after rebounding off its opening low.  The indexes have a good amount of moving average resistance immediately overhead so we are far from being in the  clear, but things are looking a bit better. Here is an example of what I mean in […]

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Another Fed Day

No rate hike today, maybe not in September, maybe never.  If an impending issue has ever had time to be priced into the market, this is it.  So much wasted time is spent on this. Will a 25 basis point increase in the fed funds rate really upend this economy? For the second day in […]

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Looking For a Follow Through Now

The Dow and the S&P both wiped out Monday’s losses today as the Dow climbed 189.68 points, or 1.1%.  In Europe, the Stoxx Europe 600 ended the session 1.1% higher, snapping a five-session losing streak. Traders are looking ahead to Wednesday’s statement from the Federal Reserve after its two-day meeting began Tuesday, seeking clues on […]

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Support Levels Being Tested

Stocks were down again today led lower by China which had its wost down day in eight years.  The Dow Jones went to its lowest level in nearly six months after patchy economic data and corporate earnings spurred declines last week. The slide prompted heavy selling in European stocks, with the Europe closing 2.2% lower, […]

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Come For The Fun, But Stay For the Performance

Stock indexes fell again, capping a week in which the Dow Jones Industrial Average posted its steepest decline since December, driven by large share-price swings at widely followed companies issuing quarterly earnings reports. Shares of biotechnology companies led Friday’s decline, after Biogen plunged 22% on a soft sales outlook. The biotech pullback countered a 9.8% […]

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