NFLX had formed a major area of resistance around the $385 level (green) during the past two years. However, the stock broke through that resistance yesterday. If NFLX comes back down to that $385 level, which should now act as support, a bounce...
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U.S. markets are seeing support from strong economic reports and the tail end of earnings season All three major U.S. indices closed in the green today after seeing mixed results on Tuesday. Growing Coronvirus concerns continue to pressure global...
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Growing global Coronavirus concerns push shares down One day after the release of last month’s FOMC minutes pushed major U.S. indices to close near all-time highs, markets are seeing pressure from growing global Coronavirus concerns, causing...
Read MoreThe stock market is hitting all-time highs and investors are torn between the possibility of an economic downturn or entering a new leg of the bull market. Stocks shrug off every macro headwind virus to tariffs Last week’s article noted that...
Read MoreThe stock market continues to power to consecutive new highs; as measured by the “SPDR 500 ETF (SPY)” already up some 6.5% for the first six weeks of the year. And, despite a variety of events, from the Iran/Iraq missile issue to the current...
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Cornavirus development make pressure on U.S. indices After all three major U.S. indices reported record finishes yesterday, markets faced early morning pressure today behind growing global concerns regarding the latest Cornavirus developments. With...
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Coronavirus continues to grow All three major U.S. indices are on the move up today ahead of Fed Chair Powell’s congressional testimony as well as the tail end of the latest corporate earnings season. Over in China, the Coronavirus continues to...
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