Category: Market Commentary

The first week of September is behind us, and so far, markets are acting exactly as they tend to this time of year. News came out mid-week of iPhone bans for many across China, adding fuel to the downside move […]

After five months of seemingly unrelenting strength, August found markets taking a much-needed breather.  The SPY and the QQQ made new monthly lows relative to July’s lows, while the IWM went inside, suggesting further consolidation was necessary for the struggling […]

The week started off strong, with market participants eagerly awaiting the earnings announcement from the behemoth, NVDA. The announcement came and it was good, causing markets to lift in after-hours on Wednesday. Unfortunately for bulls, though, those gains were given […]

It was another brutal week for the bulls, with powerful selloffs across each of the three major indices. The small caps bore the brunt of the downside move, but few stocks were safe from the renewed fears of higher rates […]

It was a tough week for the bulls, with all three major indices putting in red candles for a second week in a row. For now, this seems like just a healthy pullback to retest the previous highs from June. […]

It was a tumultuous week in the markets, with a US credit rating downgrade on Wednesday sending stocks into a tailspin. Bulls held out hope for earnings announcements from major tech players like AAPL and AMZN to save the falling […]

Markets continued their upward trajectory this week, with all three major indices making new highs relative to the previous weekly high. Though this is characteristically quite bullish, there are potentially some cracks forming in momentum, which does appear to be […]

The doldrums of last week’s consolidation were quelled this week as we saw textbook flag breakouts on each of the three major indices. Though volume was strong, as would be expected with the moves that occurred, it has been on […]

It was a bit of a boring week across the indices, as the shortened session on Monday and the market holiday on Tuesday led to the lowest weekly volume we’ve seen in quite some time. The ETFs made little progress, […]

After the powerful moves we saw last week, it was likely that things might need to cool off a little, with many indicators flashing overbought conditions. Inside candles formed on the weekly charts of two of the three major indices, […]