All Blog Entries

Another day, another early sell-off followed by a late rally. After the reversal, stocks ended the day mixed with the Dow losing 107-points, the S&P 500 and Nasdaq were nearly flat, and small caps led the way with a solid gain.

...

Stocks opened sharply lower on Monday as the market has now moved their focus to what Donald Trump is saying and doing, rather than the pro-growth agenda they had been buying on. The Dow lost 123-point, but after bottoming in the late morning, stocks spent the rest of the day drifting higher to close well off the lows. The moderately large final losses take a little away technically from the positive intraday reversal yesterday.

...

Stocks traded in a fairly tight range on Friday, coming off some early gains, but rally into the close to end the day mixed, although mostly flat. The Dow slipped 7-points and the market continues to digest recent gains and dissect the new administration's actions and intent.

...

With Trump in office and moving quickly on some of his campaign promises, stocks were up and some indices broke out of their extended trading channels. Headlines are the main catalysts for stocks but the momentum halted Thursday and Friday with no significant moves in stocks. The Dow finally hit the over talked about arbitrary 20,000 mark this week. Investing is a game of psychology though, so the attention on the Dow hitting this benchmark may create a mental support line in traders' heads. ...

The Dow followed through with some minor gains to push it above 20,100 but most of the other broader market indices were flat to lower on the day. Small caps and the I-fund lagged on a bounce back in the dollar, while the Transportation Index rallied again, but stalled at resistance.

...