Tuesday rebound on light volume
After two bad days, the four major indices all snapped back yesterday.
Read MoreEconomic: Consumer confidence hits highest level in 5 months
The Conference Board reported the Consumer Confidence Index rose more than expected in January and there were upward revisions to the December data.
Read MoreThoughts from the road
I am traveling in the mid-Atlantic again today visiting clients. I think the post from yesterday that highlighted the last two times the S&P 500 (SPX) gapped down 1.4% is…
Read MoreSPX suffers biggest decline since Oct.
The spread of Wuhan coronavirus had investors on edge again today. Stocks added to Friday’s decline with the Dow Jones Industrial Avg., S&P 500 Index (SPX), Nasdaq Comp. and Russell…
Read MoreNo good, very bad gaps?
Although the S&P 500 Index (SPX) has climbed back from session lows, the weak open for the index this morning caught our attention.
Read MoreEconomic: New home sales slowed in December
New home sales slowed for the third month in December.
Read MoreEarly weakness
Stocks are extending Friday’s declines with heavy selling pressure in early trading. As of 10:15am, the S&P 500 Index (SPX) is down -1.5% and down -2.5% from the Jan. 17th…
Read MoreMonday tactical indicators update
It was a week in which the S&P 500 Index (SPX) and Nasdaq Comp set new highs, but coronavirus fears on Friday drove stocks lower and the four major indices…
Read MoreA bad end to a not so good week
The Wuhan coronavirus continues to weigh on investors’ minds. The Dow Jones Industrial Avg., S&P 500 Index (SPX), Nasdaq Comp. and Russell 2000 all closed lower for the day and…
Read MoreEconomic: IHS Markit PMIs mixed in January
At 9:45am, IHS Markit reported preliminary data for the U.S. that showed improvement in services but a further decline in manufacturing PMIs.
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