The markets extended their decline over the past five sessions and ended the week on a negative note. While the week started on a bearish note, the Nifty violated a few key levels on higher and lower time frame charts. Along with the weak undercurrent, the trading range widened again…
December non-farm payrolls data came in much hotter than expected. More jobs were added, the unemployment rate dipped slightly, and average hourly wages rose. Overall, it was a solid employment report, but the stock market didn’t like the news. Throw in the rise in inflation expectations to 3.3% in January…
S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024. With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target. Today, we’ll break…
The December Producer Price Index (PPI) came in cooler than expected, as equities rose in early trading, sold off, and then rebounded. The Dow Jones Industrial Average ($INDU), S&P 500 ($SPX), S&P 400 Mid-Cap Index ($MID), and S&P 600 Small-Cap Index ($SML) closed higher. The Nasdaq Composite ($COMPQ) and the…
Will small cap stocks finally take on a leadership role in 2025? In this video, Dave provides a thorough technical analysis discussion of the Russell 2000 ETF (IWM) and how that compares to the current technical configuration of the S&P 500 index. He also shares three charts he’ll be watching…
Gold has been in the headlines over the last few months, perhaps more so now than in years. This heightened attention stems from shifts in global conditions, including worldwide inflation, escalating geopolitical tensions, a surge in central bank gold purchases, de-dollarization efforts, and the influence of BRICS nations. If you…
In this video, Tony starts the week with a very different tone as he looks at how markets are currently playing out. He then shares individual trade ideas, pointing out which ones they continue to have a bullish or bearish outlooks on. He looks at some key stocks including META,…
President Biden on Tuesday signed proclamations to establish the Chuckwalla National Monument and the Sáttítla Highlands National Monument, which will protect hundreds of thousands of acres of land in California, during his last week in office. The event was delayed by a week due to the destructive wildfires raging in Southern…
: Sen. Joni Ernst, R-Iowa, officially endorsed Pete Hegseth for Secretary of Defense on Tuesday night, despite expressing some initial uncertainty following their first meeting. ‘After four years of weakness in the White House, Americans deserve a strong Secretary of Defense,’ Ernst told Fox News Digital in an exclusive statement.…
Reactions poured in on social media and elsewhere as Secretary of Defense nominee Pete Hegseth was grilled by Democrats on Capitol Hill following a tense confirmation hearing that often got personal. ‘Pete Hegseth is crushing it,’ Former White House Press Secretary Ari Fleischer posted on X. ‘It is refreshing to hear…