Category: Prepare for the Trading Week

Though the fears of the debt ceiling loomed heavy this week, markets were relieved to hear that lawmakers were close to an agreement on Friday. With this news came an incredible rally, allowing both the QQQ and SPY to make […]

The past five weeks of range trading finally came to an end with pivotal breakouts to new highs in two out of the three major indices. These are important breakouts that suggest a further continuation of the trend higher. That […]

Another week has come and gone and indices have little to show for it. It seems the summer doldrums have officially arrived, and the old saying ‘Sell in May and go away’ is likely ringing in the ears of day […]

Despite the volatility this week, indices closed nearly flat across the board. There were some renewed regional banking fears mid-week but markets managed to shrug them off by week’s end. Now, it’s a tale of two conflicting scenarios, with SPY […]

We had an eventful week this week. GDP and Jobless Claims numbers both came in quite lower than expected, PCE came in hotter than expected, and GOOG, META, AMZN, and MSFT all reported their earnings. With all these market-moving events, […]

This week started off with a bang, as market participants got their first taste of Q1 earnings results from big tech companies like NFLX and TSLA. Despite quite a bit of volatility in those two names, indices stayed muted and […]

Though markets saw their fair share of volatility this week with CPI data on Wednesday and the beginning of earnings season on Friday, indices ultimately closed flat relative to last week’s close. However, now that earnings season is upon is, […]

Though markets caught some headwinds to start the week, relief came on Thursday with big moves into the long weekend. Whether the Q1 rally can continue into Q2 is yet to be seen, but with bank earnings starting up next […]

Last week, we noted the multiple RSI divergences that were occurring across the indices. As expected, some renewed strength came back into the small caps after the bank fallout, and the large caps are now beginning to eclipse important levels […]

Over the past few weeks, the market has been rampant with fear and tech has been the one index giving bulls hope. With the close this week, we see a new picture forming. One in which the QQQ is showing […]