The Dow Jones Industrial Average closed at 17568 on 12/8/15, as the stock market dropped again on Tuesday. The S&P 500 bounced off the 50 day moving average (2048) but oil dragged down a lot of stocks today. Shake Shack (SHAK) bounced from $42.50 to close near $44 after a big buying surge into the close
The Dow Jones Industrial Average closed at 17516 on 12/8/15, as the stock market dropped dropped again. Oil continues to be a drag on the stock market as well as the rate hike expected next week. I expect more volatility and wild swings into the new year as nobody seems to have a clue where we go next.
The Dow Jones Industrial Average closed at 17575 on 12/10/15, as the stock market rebounded. Oil continues to be the focal point of the stock market as we are also preparing for an interest rate hike next week. I expect more volatility and wild swings into the new year as nobody seems to have a clue where we go next.
The Dow Jones Industrial Average closed at 17265 on 12/11/15, as the stock market tanked on Friday. Oil continues to crash which is causing fear in the stock market. We also believe the Federal Reserve will hike interest rates next week
The Dow Jones Industrial Average closed at 17369 on 12/14/15, as the stock market saw more volatility on Monday. Oil rallied today but the stock market barely budged so Wall St. has disconnected from Oil and is focused on the Fed meeting this week. TNA dropped below $60 which is a great opportunity for the long term.
The Dow Jones Industrial Average closed at 17525 on 12/15/15, as the stock market rebounded before the Fed meeting tomorrow. The panic selling yesterday was unwarranted and I'm expecting more upside for the rest of the year. TNA dropped below $60 on Monday and then rallied above $63 on Tuesday.
The Dow Jones Industrial Average closed at 17749 on 12/16/15, as the stock market surged on the Fed interest rate hike. I've been bullish and wanting this for a long time and now you are seeing why you should never panic. TNA has rallied from the low $59's to the low $66's over the last three days. Buy with conviction if we see another big plunge.
The Dow Jones Industrial Average closed at 17496 on 12/17/15, as the stock market pulled back after a strong rally. The S&P 500 rallied from 1993-2080 this week so a pullback is easy to stomach. All major pullbacks from here are a strong buy because the Fed finally raised rates so the uncertainty cloud has lifted.
The Dow Jones Industrial Average closed at 17128 on 12/18/15, as the stock market continues to drop after a big rally. The S&P 500 rallied from 1993-2080 this week so a pullback is easy to stomach. All major pullbacks from here are a strong buy because the Fed finally raised rates so the uncertainty cloud has lifted.
The Dow Jones Industrial Average closed at 17252 on 12/21/15, as the stock market rebounded on Monday. The stock market is still very low but we'll have to see what the rest of the week brings. Markets will close at 1pm EST on Thursday for the Christmas Holiday.