This week’s move to new all-time highs in both the S&P500 (SPY) and the Dow industrial (DIA)masked deteriorating underpinnings as both the IWM and the QQQ lagged. Values stocks led the run-up once again while big cap NASDQ stocks remain …
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 …
When you know how to read market action with the Opening Range you can see when and how another market is influencing your trades (for better or worse)!
Put another way; you can also see when inter-market relationships are “working” …
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 …
The stock market is currently in an extremely bullish mode fueled by a "bubble" inside the market that's unsustainable and unpredictably bullish.
Like any bubble…
The heights to which it will push stock prices are unpredictable.
However, unlike most bubbles……
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 …
Due to our recent relocation (we sold our home and moved to another over the past two weeks) this week’s video and weekly highlights are now available. We are sorry for the delay and this week’s shorter edition.
Here …
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, …
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