Stocks traded with mixed results today. The Dow made nice gains while the tech heavy NASDAQ fell off. Financial stocks led the Dow due in part to the anticipated increase in interest rates by the Fed. This has pushed the 10-year treasury above 3% which investors see as a tailwind for financial institutions. Big banks…Read more
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Stocks traded higher after it was determined that the latest trade barbs with China were no big deal. The Dow closed 184 points higher at 26,246. Trading volume was up significantly. Both IBD and BTS indicators are positive and economic fundamentals remain strong. BTS noted that market volatility is on the decline which can be…Read more
Stocks today pulled back on trade war jitters and led lower by tech stock biggies Amazon and Apple. The Dow closed the day down 95 points on light trading volume to end at 26,062. Stocks in China continued to sell off hard and the Shanghai Index is now off 26% from its January high. Economic…Read more
Stocks opened the trading session in mixed fashion on lighter trading volume. The Dow was up thanks to tobacco stocks moving up on an FDA ruling about e-cigarette. The NASDAQ was lower because chip stocks were selling off as gurus are now forecasting slower demand for memory chips. All eyes are on Hurricane Florence which…Read more
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