A note from the Author I started drafting this October MMO weeks ago before I decided to call it quits in the last week of September. Since it was more than halfway done, I decided to finish it up and post it as my swan [...]
MONDAY 18 TO 22 SEPTEMBER 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Dow And Nasdaq Down For Three Week, S&P For Four The major indices registered sizable declines this week. Softness in mega caps had a disproportionate influence on index performance, but there was [...]
MONDAY 11 TO 15 SEPTEMBER 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Mega-Caps Still Rule The Waves The Dow Jones Industrial Average eked out a slim gain this week while the S&P 500 and Nasdaq saw modest declines. The beginning of the week was [...]
MONDAY 04 TO 08 SEPTEMBER 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Down Week Ends On Slightly Upbeat Note The stock market registered broad-based losses on this holiday-shortened week. The price action in stocks was largely dictated by moves in Apple (AAPL), market rates, [...]
MONDAY 28 AUGUST TO 01 SEPTEMBER 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Soft Price Action Amidst Lower Average Volumes It was a fairly strong week for stocks that results in decent gains for the major indices. Some softer price action at the end [...]
August 2023 Volatile As Expected Last year’s August went up and came down. This year, it went the other way. Technical levels played a huge part in how the benchmark indices rolled out the month as the 50DSMAs on the DJIA, SPX and COMP were [...]
MONDAY 21 TO FRIDAY 25 AUGUST 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Wild Week For Mega-Caps, Boring For Broader Market It was a generally good week for the mega-cap names and a relatively lackluster week for the broader market. To wit: the market-cap [...]
MONDAY 14 TO FRIDAY 18 AUGUST 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) S&P 500 and Nasdaq print third consecutive week 2% losses. The major indices all closed with losses this week, driven by rising market rates and carryover downside momentum after the persistent [...]
MONDAY 07 TO FRIDAY 11 AUGUST 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Mega-Caps Falter In Divergent Week The Dow Jones Industrial Average eked out a slim gain while the S&P 500, Nasdaq, and Russell 2000 all registered losses. Trading this week reflected a [...]
MONDAY 31 JULY TO FRIDAY 04 AUGUST 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Indices Snap 3-Week Bull Run It was a huge week of earnings that resulted in stock market losses. Apple (AAPL) and Amazon (AMZN) were the earnings reports that carried the [...]