Written by Forrest Crist-Ruiz
Friday, Non-farm payrolls were announced with a disappointing 266,000 jobs created compared to the roughly 1 million that economists had predicted.
However, the gap in expectations did not result in a market selloff.
This could be …
Written by Forrest Crist-Ruiz
Recently there has been a surge of articles pertaining to rising inflation as the Federal Government plans to add more debt with upcoming spending from the infrastructure bill and another stimulus package.
Inflation has also become …
Written by Forrest
Tuesday, comments from Janet Yellen, stated that “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat”.
The market was already trending lower on the day after its …
Written by Forrest
Monday the transportation sector (IYT) closed the day +1.4% along with the Retail sector (XRT) also performing well up +2.11%.
Theses two sectors are currently attempting to lead the market higher, but are having trouble getting other …
Written by Forrest
Last Thursday the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday showing that the market still had some overhead resistance.
Driving reasons could be related to fears of …
Written by Forrest
The first half of Wednesday saw minimal movement in the major indices, due in large part to the anticipation for the FOMC minutes that were later released at 2 pm ET.
However, like the prior FOMC report, …
Written by Forrest
This week, three of the major indices including the Nasdaq 100 (QQQ), Dow Jones (DIA), and the S&P 500 (SPY) have been lingering near highs without the ability to break out.
However, food commodities such as corn …
Written by Forrest
Sunday, we concluded that if most of the major indices could clear to new highs along with the Russell 2000 (IWM) breaking out of resistance from $226.69, the market had the potential to make a powerful move …
Written by Forrest
The Russell 2000 (IWM), Nasdaq 100 (QQQ), Dow Jones (DIA) and the S&P 500 (SPY) all have the potential to make large moves Monday, if they clear their resistance levels together.
This month, the SPY, QQQ, and …
Written by Forrest
Wednesday, the major indices along with key sectors held pivotal support areas.
In the chart above we can see that the small-cap index Russell 2000 (IWM) has put in some work to create a head and shoulders …
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