Today we saw our first down day in June. But even so, it never felt like a down day. Pre-market trading did most of the work in regards to choosing whether the day would be green or not. The open trading hours actually made an uptrend pattern amazingly enough. These types of days have beenContinue reading “Volatility Switch”
Author Archives: TJ Brescia
The Slowdown
The last few trading days we have seen less and less rapid movement and volatility compared to weeks prior. It is odd to see considering what is happening in the country right now with all the protests, riots, and movements. Investors expected the market to be more volatile during these times, but that is notContinue reading “The Slowdown”
Tech bug?!
The last two days it has been clear to see tech giants have been lagging compared to the overall market. Microsoft, Apple, AMD, Nvidia, etc. have all been either red or just barely green. We’ve seen them outperform the last few weeks and right now could be their cool down. In the meantime we areContinue reading “Tech bug?!”
So Far Green
The week so far has been very green, we have seen just about everything be positive so far. To start the week we had Jerome Powell give his positive 2 cents for the coming weeks, and positive news about Moderna’s ($MRNA) efforts for a vaccine. Even though news released mid-day Tuesday saying Moderna’s vaccine statisticsContinue reading “So Far Green”
The Powell Push
Today we saw the entire market make a huge jump upwards. Solely due to the fact Jerome Powell, head chairman of the Federal Reserve stated the FED will do the most to make sure the economy keeps progressing. The Dow Jones ended today up 900 points!! With high hopes we saw just about every sectorContinue reading “The Powell Push”
Bank Tank!
The last few weeks bank stocks have managed to slide under the radar about their terrible performance. Today, that changed. The financial sector saw one of it its worst days in recent years. If you look at the charts you see other stocks make significant gains since the bottom we had at the end ofContinue reading “Bank Tank!”
Sell In May & Go Away?
It is commonly said among the trading community that the month of May going into Summer is slow for the market. This week we could be experiencing just that. Everything seemed to be in the red especially during the last hour of trading. What can be most surprising is gold and silver. It is commonContinue reading “Sell In May & Go Away?”
Mondays…
Although the market seemed to be trading upwards today, we saw minimal gain if any. Pre-market trading opened us low today giving a rocky start to the week. The tech and healthcare sectors manged to see some light, unlike the financials who finished deep red. Most importantly the $SPY was rejected at $300!! This isContinue reading “Mondays…”
The Common Trader 