Market Still Cautious

Dow: +14.80… Nasdaq: +14.47… S&P: +4.54… The market opened and moved up about 100 points until early afternoon when it decided to give back about 80 of those points.  So although we closed green, it was the second day in a row where the market gave up some serious gains. There is an old saying on…

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Negative Market Reversal

Dow: -41.09… Nasdaq: -34.13… S&P: -7.21… Today was an ugly day.  Not because the Dow was down 40 points, but that it was up 140 points, gave that all back and closed in the red. Same for the other indices. That’s never bullish sign for stocks. That broad-based rally effort seen earlier today vanished in a late-afternoon sell-off…

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Boring Action, But Some Names To Watch

When you use a ton of technical indicators bit still suck at trading. Dow: +39.03… Nasdaq: +3.93… S&P: +1.32… Another mindless day filled with no tricks and turns.   Uncertainty ruled the day as the market prepared itself for the upcoming meeting between President Trump and Chinese President Jinping, and the resurgence of health care reform (and what…

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Market Note For 4/2/17

The market secured its best first quarter performance in four years on Friday, but it did so in a rather listless fashion as the major averages held close to their unchanged marks from start to finish. The S&P (-0.2%) and the Dow (-0.3%) settled with modest losses while the Nasdaq finished flat. For the quarter,…

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Well, That Was a Big Thud

Dow: -4.72… Nasdaq: -3.95… S&P: -2.49… The market had a decent rebound try going for much of Thursday’s session, but it fell to the wayside in the afternoon after reports that the House vote on the American Health Care Act, which was scheduled for tonight, will be delayed. It now looks like the vote may…

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Today Will Be Big

Big vote today, so it could be a significant day for the market. I’m making best efforts to follow this whole healthcare thing like a real nerdy nerd and it appears that they may be getting closer to a resolution. Trump appears to have cozied up to the conservative caucus (they have been holding this back). At the…

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Bunkers & Foxholes

That’s where the market hid out today after yesterday’s unexpected flurry of bullets and grenades. There was no negative follow through today, so that is a very positive takeaway, at least for now. The market is waiting on tomorrow’s vote on the new health care plan. So far, Trump is minus a few votes, and according to…

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