November 28, 2018
The market shot higher in the afternoon following dovish comments from Fed Chair Powell who projected that interest rates are closer to neutral than previously anticipated. Crude oil sold off sharply following EIA inventory data and retested support of $50.50 before rebounding back higher. The US Dollar sold off sharply following Powell’s dovish comments.
November 27, 2018
The market sold off early in the morning following trade fears but managed to recover throughout the day and close higher. Crude oil sold off sharply in the morning hitting support of $50.50 before rebounding back higher. The US Dollar broke resistance today of 97 on the Dollar Index.
November 26, 2018
The markets rallied today coming out of Thanksgiving weekend as online Black Friday retail sales grew tremendously from last year with Cyber Monday expected to do the same. Crude oil closed slightly higher following a month of intense selling. The US Dollar rallied into resistance today of 97 on the Dollar Index.
November 21, 2018
The market rebounded softly on low volume heading into Thanksgiving weekend. Crude oil rebounded as well following intense selling despite EIA inventories showing a surplus. The US Dollar closed slightly lower amid choppy trading.
November 20, 2018
The market continued to sell off heavily as it marches toward 2600 on the S&P. Crude oil not coincidentally sold off as well, driving the market lower. The US Dollar rallied as it quickly approaches 97 on the Dollar Index.
November 19, 2018
The market sold off heavily from the opening bell to kick off Thanksgiving week. Crude oil sold early, but following an afternoon rebound, finished the day slightly higher. The US Dollar sold off before setting intraday support at 96 on the Dollar Index.
November 15, 2018
The market sold off early, but a strong rally during the rest of the day led by Tech and Financials saw the market up 1%. Crude oil rallied despite an EIA inventory report indicating a much larger surplus than expected. The US Dollar was slightly bullish today following increased optimism in trade talks.
November 14, 2018
The market sold off heavily to start the day before an afternoon rally saw it recover some of its losses. Crude oil rebounded a bit in relief as oil closed above $56 per barrel. The US Dollar continued to pull back as it closed below 97 on the Dollar Index following a late afternoon rally.
November 13, 2018
The market rallied early in the morning before an afternoon selloff saw it close slightly lower. Crude oil continued to sell off and hit the $55 level which served as intraday support. The US Dollar pulled back a bit hitting 97 on the Dollar Index.
November 12, 2018
The markets sold off from the opening today a posting 2% losses across the board. Crude oil continued to sell off, breaking support of $60 and closing at $59. The US Dollar closed at its highest level in over a year, topping 97.50 on the Dollar Index.
November 7, 2018
The markets roared higher today following last night’s election results in which the Democrats took over the House of Representatives and split Congress between the two parties. Crude oil continued to sell off as it hit a new intraday low of $61.50. The US Dollar rallied back from an early selloff to close slightly under 96 on the Dollar Index with support being breached.
November 6, 2018
The markets were bullish again today as the indices continue to consolidate following last month’s selloff. Crude oil continued to sell off as it hit a new intraday low of $61.50. The US Dollar pulled back to support of 96 on the Dollar Index.
November 5, 2018
The markets continued consolidate around the 2750 area as the three major indices were split with the Tech-led Nasdaq finishing in the negative. Crude oil continued to sell off as it retested intraday resistance of $64 before closing below $63. The US Dollar also pulled back a bit as it tested intraday support of 96 on the Dollar Index.
November 1, 2018
The markets continued to rally on the day on the back of tweets from President Trump indicating that trade talks with China have been favorable. Crude oil broke down as it blew past support of $65 and closed just above $63.50. The US Dollar pulled back from resistance of 97 on the Dollar Index as it retreated to 96.
October 31, 2018
The markets continued to rally on the day, but a late afternoon selloff saw them give some of those gains back. Crude oil continued to sell off following a glut in EIA inventory data which saw oil retest support of $65. The US Dollar continues to remain bullish as it retested resistance of 97 on the Dollar Index multiple times today.
October 30, 2018
The markets rebounded today after a late afternoon rally saw all the indices close higher. Crude oil continued to sell off as it hit an intraday level of support at $65 per barrel. The US Dollar broke past 96.50 on the Dollar Index as it marches on to 97.
October 29, 2018
The markets started off strong before selling off precipitously in the afternoon to extend October’s losses. Crude oil played a big role in facilitating today’s losses as it resumed it’s prior selloff following several days of small rallies. The US Dollar continued to press against resistance of 96.50 on the Dollar Index.
October 25, 2018
The markets saw something of a “Dead Cat Bounce” today as they recovered nearly 2% following yesterday’s massive 3% selloff. Crude oil helped with the market recovery as the price bounced back to $67 per barrel. The US Dollar showed strength today as it reached 96.50 on the Dollar Index.
October 24, 2018
The markets were a bloodbath today with most companies in the red as the S&P lost over 3% with only Utilities and REIT’s providing safe zones for investors. Crude oil gave up early gains as EIA data saw another increase in oil supplies. The US Dollar showed strength today as it broke resistance of 96 on the Dollar Index.
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