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 25 TO 29 SEPTEMBER 2023 (Excerpts from Briefing.com, tradingeconomics.com, marketwatch.com, CNBC ) Market Still Lacking Clarity The stock market settled the week mixed at the index level. Some rebound attempts throughout the week left the Nasdaq and Russell 2000 with slim gains while the [...]
Thursday 28 September 2023 AMC Stocks find their way amid interest rate volatility The stock market experienced some choppiness in the early going, but quickly found some upside momentum following yesterday's afternoon bounce. The positive bias stemmed from a belief that the stock market is [...]
Wednesday 27 September 2023 AMC Stocks waver amid rising rates and oil prices Stocks were seemingly poised for a rebound in the early going following sharp losses yesterday and this month. Equities started to fade, however, as oil prices and market rates moved higher. The [...]
Tuesday 26 September 2023 AMC Interest rate angst paints tape in red The major indices all fell more than 1.0% today, erasing yesterday's modest rebound right out of the gate. The negative bias was due in part to ongoing worries about higher interest rates. The [...]
Monday 25 September 2023 AMC Rates jump, but stocks manage modest gains The major indices registered modest gains on Monday, but the complexion of things beneath the index surface showed an otherwise mixed market on a day when long-term rates continued to rise. The major indices [...]
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 [...]
Friday 22 September 2023 AMC Stocks fail to preserve rebound effort Today's trade started on a upbeat note with the major indices all showing modest gains following this week's sell-off. The early positive bias was due in part to a buy-the-dip mentality, which was supported [...]
Thursday 21 September 2023 AMC Interest rate angst creates selling pressure for stocks The stock market had a downtrend day. The major indices were under pressure from the start, but faded to session lows in the late afternoon trade. The indices ultimately closed near those [...]
Wednesday 20 September 2023 AMC Market tripped up by Fed's thinking The stock market started the session with a positive bias as participants waited for the 2:00 p.m. ET release of the FOMC decision. The early upside moves were supported by falling oil prices and market [...]