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Daily Market Note

Bubble Trouble?

Bubble trouble? Traders decided to put Turkish contagion behind them yesterday driving equities up throughout the session. The S&P500 closed just below its session high essentially erasing the losses from Manic Monday (see chart 4). The Dow Jones Industrial Index similarly ended trading just below...
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Daily Market Note

Manic Monday

Manic Monday!! A song written by Prince and popularized by The Bangles also happens to be the term that best describes yesterday’s equity markets. Equity markets followed on Friday’s weakness sold off and closed near session lows as they were unable to hold early gains. Fears of contagion from...
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Daily Market Note

Higher elevations and steeper slopes?

Higher elevations and steeper slopes? Equity markets closed slightly higher yesterday well off of their morning lows in a relatively calm trading session. The S&P gained the most ground yesterday as the other indices did their best to maintain their neutral to constructive positions. Though the...
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Daily Market Note

In the thick of it

In the thick of it. Equity markets took a pause in the latter half of last week as indices posted a mixed close on Friday. Traders weathered a raft of corporate earnings, political upheaval, unheard of levels of jawboning, and executive tweets posting some important closes in the first half of the...
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Daily Market Note

Cue the rhetoric

Cue the rhetoric - start jawboning in 3, 2, 1… The S&P500, Dow Jones, and NASDAQ took a well-deserved breather yesterday while the small-cap RUSSELL 2000 set its sights on recent highs. The S&P500 still managed to close above the important 2800 level keeping the chart constructive as the index...
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Daily Market Note

The running of the honey badgers!

The running of the honey badgers! The honey badger is also known as ratel and is notorious for its fierce, or ferocious (as Wikipedia labels it) defensive abilities. Though the honey badger only exists in Africa, Asia, and on the Indian sub continent, it is well known by the internet generation,...
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