The market’s wild and woolly action did not let up all week long. The NASDAQ Composite and S&P 500 Indexes both regained their 50-dmas on Thursday as they got right back to where they started the week. The three-day rally was greeted on Friday with a gap-down open, and the market went into the spin-cycle from there. The indexes rallied off their gap-down... Read More

I discussed over the weekend the basic idea that the news flows surrounding the current trade war between the U.S. and China would create some crazy volatility. A ratcheting-up of tensions over the weekend sent the indexes gapping down and selling off big on Monday. China imposed more tariffs on U.S. goods while the U.S. sought to accelerate the addition of additional tariffs on the remainder of... Read More

The trade tariff increase threatened by President Trump last weekend went into effect Friday at midnight, although many pundits did not think he would make good on his threat. The general thinking was that this would be disastrous for the economy and therefore the President could not afford to raise tariffs given that he is supposedly sensitive to the stock market and his mythical, “booming”... Read More

After taking the market down in volatile fashion over the past two days, investors mostly sat on their hands as volume declined and the indexes held steady. By now, members are well aware of the news that sent the market into a tail-spin Monday morning, so I needn’t go into great detail about this. The bottom line is that we have seen some heavy-volume selling off the peak as the U.S.-China trade... Read More