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.
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