Why The Market Won’t Go Down
Two weeks ago, on Friday, October 10th, the S&P 500 (SPY) and Nasdaq 100 (QQQ) abruptly dropped from their all-time highs with a vengeance that is not normal. For veteran traders, this could have easily looked like the beginning of something big – and bearish. However, the very next day, it began a constructively bullish
Why The Market Won’t Go Down
Two weeks ago, on Friday, October 10th, the S&P 500 (SPY) and Nasdaq 100 (QQQ) abruptly dropped from their all-time highs with a vengeance that is not normal. For veteran traders, this could have easily looked like the beginning of something big – and bearish. However, the very next day, it began a constructively bullish
Jittery Investors Flinch as October’s Scary Shadows Darken
Last Monday, the week began with a strong rebound from the prior Friday’s significant selloff, but Tuesday found itself testing the prior week’s lows within the first 30 minutes of trading. Fortunately, Tuesday’s AM weakness set up a reversal that led to a rebound that cemented the week’s low. The rebound continued to new weekly
Jittery Investors Flinch as October’s Scary Shadows Darken
Last Monday, the week began with a strong rebound from the prior Friday’s significant selloff, but Tuesday found itself testing the prior week’s lows within the first 30 minutes of trading. Fortunately, Tuesday’s AM weakness set up a reversal that led to a rebound that cemented the week’s low. The rebound continued to new
Tariffs Aren’t The Market’s Biggest Problem,
It’s Kryptonite (a.k.a. Dysprosium & Samarium)
If this is another TACO tariff power play, it’s a particularly spicy one. On the surface, Friday’s market selloff could be attributed to another 100% tariff threat. Or it could be a result of the market finally finding the straw that breaks the bulls’ back as the market focuses on data like the chart below,
Tariffs Aren’t The Market’s Biggest Problem,
It’s Kryptonite (a.k.a. Dysprosium & Samarium)
If this is another TACO tariff power play, it’s a particularly spicy one. On the surface, Friday’s market selloff could be attributed to another 100% tariff threat. Or it could be a result of the market finally finding the straw that breaks the bulls’ back as the market focuses on data like the chart below,