With nothing more than a passing glance at last week’s losses it would be easy to conclude the worst about the market’s foreseeable future. Not only did the S&P 500 log its worst week in a month, the NASDAQ Composite closed below a key technical support level. And yet, it’s still too soon to presume the worst. There’s a good...
With nothing more than a passing glance at last week’s losses it would be easy to conclude the worst about the market’s foreseeable future. Not only did the S&P 500 log its worst week in a month, the NASDAQ Composite closed below a key technical support level. And yet, it’s still too soon to presume the worst. There’s a good...
For a second day in a row stocks lost a good deal of ground. And, in so doing, the market’s timbre took a turn for the worse. Both the S&P 500 and the NASDAQ Composite are now beneath an important short-term moving average line thanks to hints that the Federal Reserve may not be done with its rate hikes. There...
For a second day in a row stocks lost a good deal of ground. And, in so doing, the market’s timbre took a turn for the worse. Both the S&P 500 and the NASDAQ Composite are now beneath an important short-term moving average line thanks to hints that the Federal Reserve may not be done with its rate hikes. There...
Were it just one day, we might dismiss is. To see the stock market remain trapped between a narrow band of support and resistance for two days in a row though? That’s worth pointing out. Take a look. On Tuesday (and for the second consecutive trading day), the NASDAQ Composite briefly moved above its 50-day moving average line (purple) but...
Were it just one day, we might dismiss is. To see the stock market remain trapped between a narrow band of support and resistance for two days in a row though? That’s worth pointing out. Take a look. On Tuesday (and for the second consecutive trading day), the NASDAQ Composite briefly moved above its 50-day moving average line (purple) but...
Last week we started what’s going to be a lengthy-but-learnable lesson about option spreads. We didn’t mention this at the time, but the bearish trade we placed on General Electric (GE) was a bear put spread, or more accurately, as bear put debit spread. We were bearish on GE so we bought puts on the stock. We wanted to hedge...
Last week we started what’s going to be a lengthy-but-learnable lesson about option spreads. We didn’t mention this at the time, but the bearish trade we placed on General Electric (GE) was a bear put spread, or more accurately, as bear put debit spread. We were bearish on GE so we bought puts on the stock. We wanted to hedge...
This market isn’t just erratic and inconsistent. It’s maddening. Just when it looks like it might break past a key technical ceiling and finally keep moving, it turns tail and runs. Except, it doesn’t. Friday’s tumble stopped right at other key technical levels. Stocks very much ended last week on the fence, capable of still moving either direction. Ugh. We’ll...
This market isn’t just erratic and inconsistent. It’s maddening. Just when it looks like it might break past a key technical ceiling and finally keep moving, it turns tail and runs. Except, it doesn’t. Friday’s tumble stopped right at other key technical levels. Stocks very much ended last week on the fence, capable of still moving either direction. Ugh. We’ll...
