Weekly tactical indicators update
As Tony discussed this morning, it was a bad open for equities. The 2.5% drop in the S&P 500 Index (SPX) has removed much of the overbought conditions in our…
Read MoreAs Tony discussed this morning, it was a bad open for equities. The 2.5% drop in the S&P 500 Index (SPX) has removed much of the overbought conditions in our…
Read MoreNews of coronavirus spreading outside of China is really pummeling equity futures. As of 8:15am S&P futures are down over 2.5%, but the selling isn’t limited to just the U.S.…
Read MoreIt looks like a pretty bad open for the markets on the back of increased fear of a sharp increase in global Coronavirus cases outside of China and a big…
Read MoreThe four major indices all suffered losses today to cap off the first down week in February.
Read MoreTechnology stocks are taking a beating today and the tech heavy Nasdaq Comp. is on track to have its worst day since August. Going into the closing bell, the index…
Read MoreNow that the majority of S&P 500 (SPX) companies have reported earnings (over 87%), we wanted to keep you updated on Q4 SPX operating earnings.
Read MoreMarkets opened weaker today on renewed concerns of further spreading of coronavirus outside of China and the impact to corporate earnings.
Read MoreIt was a down day for stocks, but the major indices were able to recover a good portion of the morning losses and the Russell 2000 Index even managed to…
Read MoreWhat had been a slightly higher session quickly reversed right after 11:00am this morning. The S&P 500 Index had been trading at 3386 quickly sold off ~45 points in just…
Read MoreOur weekly check of credit conditions still suggests there are no signs of stress in the credit markets which reinforces or view that any correction should be bought.
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