The stock market barely moved today. It was extremely compressed. In fact it is the most compressed day for the SPX in months. Many times extremely compressed days like this occur at or near turning points.
In tonight’s Weekday Market Wrap video we look at the market action today and then check in on Apple (AAPL), Adobe (ADBE), Apache (APA), Boeing (BA) and Alibaba (BABA). Continue reading
The markets added another push higher today with a fair amount of volatility in the afternoon after the Fed announced no change in interest rates. The DJIA ended the day up 198 points and the Russell 2000 started to play catch-up also, up 33 points, almost 3%.
Oil looks like it may trying to trap some bears with the move today. In tonight’s video I also talk about 2 new trade ideas on Apache (APA) and Chevron (CVX). Continue reading
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