Turnaround Friday
The market put in a pivotal turnaround day on Friday with some big moves in oil stocks. Only the Nasdaq closed lower, due in part to Microsoft earnings. Oil stocks turn around and rocketed higher, making a fool out of me, as I suggested a top in oil could be in on Thursdays […]
Sector Rotation?
Although struggling at the open, the indexes put in a nice day today despite some bad news. The dollar rallied and oil pulled back. But most notably for me, was how badly momentum stocks did today. I saw mostly red on the stocks I usually follow. Is a sector rotation in the works? It […]
A choppy day in the markets today as we consolidate last weeks move. The Nasdaq did the best today, closing up 1.19%. It’s a healthy sign that the market is making some steady consolidation here, rather then making a huge sell off…at least so far. Both Apple and Amazon reported strong earnings today, but poor […]
