Tuesday 19 September 2023 AMC Market keeps pace with the mega cap stocks The major indices ended the day in negative territory, but closed well off their lows of the day, paced by the ebb and flow of the mega cap stocks. The Vanguard Mega [...]
Monday 18 September 2023 AMC Flat finish ahead of FOMC meeting The stock market had a mixed showing today following Friday's sell-off. The major indices settled flat after pulling back from their highs of the day, following the trend of the mega cap stocks. The [...]
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 [...]
Friday 15 September 2023 AMC The week's gains expire on options expiration day The stock market registered sizable declines on this quarterly options and futures expiration day. The S&P 500, Nasdaq, and Russell 2000 gave back all their gains for the week while the Dow [...]
Thursday 14 September 2023 AMC Arm IPO and economic data prove pleasing to the market Stocks had a strong showing today after a quiet start to the week in terms of market-moving events. The major indices all closed near their best levels of the session [...]
Wednesday 13 September 2023 AMC Market drifts following CPI report Today's trade was lackluster with the major indices registering only modest gains or losses. The A-D line favored decliners, but there wasn't a lot of conviction overall. The major indices followed the direction of the [...]
Tuesday 12 September 2023 AMC Apple, Oracle, and oil prices lean on the market Today's session started with a positive bias under the surface despite a mixed performance at the index level. The S&P 500 and Nasdaq were in negative territory early on, albeit with [...]
Monday 11 September 2023 AMC Mega caps lead index gains The major indices started the week with gains, albeit on light volume at the NYSE. The S&P 500 and Nasdaq closed near their best levels of the day, which had both indices above their 50-day [...]
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, [...]
Friday 08 September 2023 AMC Market ekes out gain on last day of losing week The three major indices closed with modest gains, albeit off their highs of the day. Early upside moves had the S&P 500 and Nasdaq approaching their respective 50-day moving averages, which [...]