The market often has a bullish Friday before a three day weekend, but that wasn’t the case last Friday. All three major indexes closed much lower, and each closed the week down over 3%.
The S&P 500 now sits at the 50-day SMA, and could bounce here.
Meanwhile, the Nasdaq sits right at its trendline. It too […]
Kind of a quiet day in the markets today. The indexes paused from the selling and closed higher, which was expected after the action from the last three days. There is also some bullishness to be expected as we head into a long holiday weekend.
The noteworthy item in the market today was the sharp decline […]
Another big down day in the market, which was caused by higher oil prices, and then a kill shot administered by the Fed late in the afternoon. Today marked the 6th distribution day for the S&P 500 and the Nasdaq since this rally began in late March. It’s important to note the increase in frequency […]
