Archive

Category: Prepare for the Trading Week


09/17/2021

Weekend Update Into September 20th – Look Out Below!

A choppy start to the week ended in bloodshed sending both $SPY and $QQQ to close the week red for a second week in a row. The $SPY, in particular, closed at $441.43 (-1.61%), selling off hard again this week towards the end […]

Continue Reading

09/03/2021

Weekend Update Into September 7th – Continued Strength For The Majors

At Friday’s Market close both $SPY and $QQQ once again push to close the week at new all-time highs! Seems as though traders have thrown out the short-term narrative around “tapering” panic, calling the Fed’s bluff as the delta variant sweeps through the […]

Continue Reading

08/21/2021

Weekend Update Into August 23rd – Stock Indexes Rebound Higher On Friday To Close Out A Red Week

Major U.S. stock indices closed out in the green on Friday, yet down from the previous week’s close on ever persisting COVID variant fears and looming economic intervention from the Fed. The Dow gained 225.96 points, the S$P 0.08%, and […]

Continue Reading

08/14/2021

Weekend Update Into August 16th – S&P And Dow Hit New All Time Highs To Little Applause

At Friday’s close, the S&P and Dow reached new all-time highs. The Dow gained over 300 points, the S&P closed above its previous high (by less than a quarter-point), and cyclicals started to show positive momentum. So where are all […]

Continue Reading

08/07/2021

Weekend Update Into August 9th – Friday Books Record Highs After Employment Numbers Beat Expectations

More than a cat was let out of the bag on Friday after better than expected employment numbers sent major indices to new record highs, as stocks booked strong weekly gains across various sectors. The Dow and S&P closed at […]

Continue Reading

07/31/2021

Weekend Update Into August 2nd – Indexes Close Lower On Amazon’s Q2 Report and Accelerating COVID-19 Cases

Although the S&P 500 posted six straight months of consecutive gains in July, Friday closed lower across most major indexes on renewed fears of COVID-19 restrictions and Amazon’s Q2 sales report. As the highly contagious Delta variant spreads, investors are […]

Continue Reading

07/24/2021

Weekend Update Into July 26th – Bears routed on Dow’s close above $35,000 on Friday

Bears are more than puzzled and sent back into temporary hibernation after the Dow closed above $35,000 for the first time on Friday. The week opened with a sharp sell-off on lower 10-year yield treasury bonds hinting at bad news […]

Continue Reading

07/16/2021

Weekend Update Into July 19th – U.S. Stocks Close Lower As Consumer Sentiments Wain

Stock yielded to the red after a 3-week winning streak, pulling all major indexes into negative territory. After positive retail sales numbers rolled in on Friday, the University of Michigan’s index of consumer sentiment (which strips out inflation) revealed that […]

Continue Reading

07/09/2021

Weekend Updated Into July 12th – Broad Markets Book 3rd Straight Week Of Gains After Thursday’s Decline

Leading U.S. benchmarks wiped out last week’s losses after treasury yields moved up on Friday to edge the major indexes to close at new all-time highs. On Thursday, the broad market looked to end the week lower on renewed fears of […]

Continue Reading

06/26/2021

Weekend Update Into June 28th – The Broad Market Takes The Reins And Closes At New Yearly Highs

The broad markets and major indexes decided to celebrate the 4th early; booking impressive gains at the close on Friday. Of note, the S&P 500 closed at new all-time highs, signaling that investors are digesting new economic data on inflation […]

Continue Reading