Weekly Market Recap Nov 11, 2018

This past week was saw another positive move up by bulls – especially in the Dow and S&P 500; the NASDAQ was not quite as enthusiastic.   Wednesday’s rally was on the legs of an election that was seen as market friendly or at least not as bad as it could have been.   Essentially […]

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Weekly Market Recap Nov 4, 2018

Words rarely spoken the past few years:  "The market was due for a bounce back after some intense selling."  Modest selloffs Monday and Friday bookmarked 1%+ rallies Tue-Thu on the S&P 500.  It's not so much the rally during a selloff to examine as the action after the rally.   So we should have a good amount of information at this time next week - bears have been so used to rallies just...

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Weekly Market Recap Oct 28, 2018

Market action continues to be weak and real damage has been done technically.  Selling Wednesday and Friday was particularly harsh, with an oversold rally in between.  But the "buy every dip and make bears cry" mindset seems to have disappeared for the moment. “We’ve had this massive shift in sentiment in recent months from ‘the market can do no wrong,’ to ‘the market can do no right,’” said...

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Weekly Market Recap Oct 21, 2018

After the heavy selling the week prior there was sure to be an oversold bounce and indeed last Tuesday brought much of that.  It is always interesting to see what happens after that bounce - often in this bull market, once the indexes turn back up they move like a freight train.  This time - thus far at least - the action has been less aggressive.  Selling on Thursday took the S&P 500 right...

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Weekly Market Recap Oct 14, 2018

Wednesday and Thursday finally brought some fireworks to a very complacent market.   The S&P 500 had not had a 1% move in 74 days until Wednesday's drawdown. Rising yields were nailed as the culprit but months of rallying eventually require some sort of shake out - whatever the catalyst.  Wednesday's sell off was the worst day for the S&P 500 since February and the worst for the NASDAQ...

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Weekly Market Recap Oct 7, 2018

Certainly the chart of the week was not in the stock market but the bond market. The yield on 10 year bonds surged over recent highs, which rattled the indexes late in the week; in fact these are levels not seen since 2011. “Yields spiking up this week have caught many by surprise and some repricing is happening; however, the reason yields are rising are positive, not negative,” said Jamie...

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No Weekly Recap this Week

We will be back next week, see you then! For some quality reading in the meantime, see our top education articles or view our recap archives.

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Weekly Market Recap Sep 23, 2018

More saber rattling between China and the U.S. did little to distract the market. On Tuesday, President Donald Trump reiterated his hard-line stance on China during a news conference with Polish President Andrzej Duda and said the U.S. had “no choice” but to levy another $267 billion in duties on China. That would come on top of announced tariffs on about $200 billion in Chinese goods announced...

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Weekly Market Recap Sep 16, 2018

Slow and steady drip up all this past week in a very quiet news environment. A gap down top open the day Tuesday (which was recovered quickly) and a gap up Thursday (which held) were the highlights! The latest on TRADE WARS!(tm): Tuesday, news hit that China vowed to retaliate and plans to ask the World Trade Organization next week for permission to impose sanctions on the U.S. for...

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Weekly Market Recap Sep 09, 2018

We wrote in last week's recap:  "One would think the indexes are a bit extended short term".  And indeed, a rest and consolidation occurred as both the S&P 500 and NASDAQ pulled back to their 20 day moving averages.  (The Russell 2000 did as well but it was not overextended going into the week) Friday President Trump said the U.S. had tariffs ready to go on another $267 billion in Chinese...

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Weekly Market Recap Sep 02, 2018

The upward move continues. In last week's recap we mentioned a lot of things turned positive on the technicals and that was born out in the action of the week, starting with a "gap up" in Monday's session! The U.S. and Mexico reached an agreement to enter into a new trade deal as President Donald Trump announced that he wants to drop the name “North American Free Trade Agreement” from an...

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Weekly Market Recap Aug 26, 2018

After a few months of being range bound on the indexes - especially the Russell 2000 and the NASDAQ, this past week saw a significant improvement in short term technical conditions. This coincided with the celebration of the "longest bull market in history". Wednesday marked 3,453 days since the S&P 500 hit its low of 666 on March 9, 2009. Since then, the broadest U.S. blue-chip index has...

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Weekly Market Recap Aug 19, 2018

A good amount of volatility this past week, but once again indexes are just sort of hanging around as we work through some news items, specifically facing trade issues. We ended last week with some hand wringing over Turkey - while nothing was really resolved, U.S. markets looked past that... however emerging markets continue their struggle. The U.S. indexes have simply been range bound for...

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Weekly Market Recap Aug 12, 2018

Indexes spent the past week churning along as news flow was generally quiet...outside of Turkey and Russia that is. The NYSE McClellan Oscillator has been in the red for weeks, and breadth has remained pretty weak but the indexes continue to hold up! A conundrum indeed! That said keep an eye on foreign markets to see if any "contagion" happens - thus far, the U.S. markets have been acting...

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Weekly Market Recap Aug 05, 2018

We began last week's recap with this chart regarding the percent of stocks in the NASDAQ over their 50 day moving average - it was at 42%. Fast forward a week and the number is 42% again - despite a 1% gain for the week in the index. So a bit of a divergence here; mega stocks like Apple - the first trillion dollar company in the U.S., are masking some weakness below the surface.

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Weekly Market Recap Jul 29, 2018

More weakness is creeping into the market on a technical basis, but it's not generally being seen at the index level. However under the surface some things are brewing. See this chart of the % of stocks in the NASDAQ above their 50 day moving average. This was near 70% six weeks ago, now it's nearer to 40% despite the NASDAQ being near all time highs. Food for thought.

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Weekly Market Recap Jul 22, 2018

Generally a calm week for the indexes as most of the action was in individual stocks due to earnings. President Trump did roil things a bit by criticizing the Federal Reserve - seen as a no no, but at this point nothing should surprise from that front. In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank...

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Weekly Market Recap Jul 15, 2018

The NYSE McClellan Oscillator flipped to black late in the week prior to the last, and usually that bodes well short term. Indeed that foreshadowed a nice week. TRADE WARS (tm)!!!! certainly seems like a "sell the rumor, buy the news" event. “Given the rhetoric over the past few weeks, it seems like the probability of a trade war has increased. However, in the short term I still think there’s...

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Weekly Market Recap Jul 08, 2018

Currently the action for short term traders is choppy and tricky. Those with a long term view still are in cruise control as they have been for years. The holiday shortened week saw most of the action Monday as a "gap down" was met with buying, a nice rally Thursday, and then the employment data Friday gave the market something to think about other than TRADE WARS!!(tm) [which ironically...

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Weekly Market Recap Jul 01, 2018

In last week's recap we noted the NYSE McClellan Oscillator has been negative all that week, which was a caution flag for short term traders. Higher volatility and a downward skew did indeed follow. Monday and Wednesday were big down days, offset a bit by a moderate rally Thursday. Monday's weakness was mostly triggered by TRADE WARS!!(tm): In a Twitter post Sunday, Trump called on trading...

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