Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
Generals Press the Advance While the Ranks Continue in Retreat The bulls jumped out to a strong start on Monday, easily penetrating the prior week’s decision candle resistance. The move came with upside conviction, as 92% of S&P 500 Capital Weighted Volume traded to the upside, although total Capital Weighted Volume was only average on […]
Recent economic concerns have caused consumer sentiment to fall, though spending remains healthy. What do these mixed conditions mean for markets and the economy?
Decision Candle on the Front Lines The market entered the week on uncertain footing, then reached an important crossroads following the Federal Reserve announcement. After an initial positive reaction early Wednesday, the S&P 500 reversed lower, tested and kissed intermediate support near 7500, then held the line. The follow-through was notable the next day. Thursday […]