1st Discount Brokerage, Author at Financial Advisors

Stocks staged an impressive rebound off the lows of today’s trading session. After falling more than 2.4% stocks closed the day in positive territory. Interestingly, the market put in what’s called a “Japanese Hammer” pattern at the close. “Hammers” designated by the long skinny tail and green body in the chart below can be useful tools pointing to market turns. The “hammer” is textbook in that it has occurred after a considerable selloff into correction territory by the S&P 500. Simply, the market made a stand this Monday in spite of the fear and global disturbances, and buyers gobbled up shares, as willing sellers were anxious to part with them.

December 10, 2018 Blog

#Election2018 – For those interested in tracking tonight’s results themselves, here is a printable scorecard to add to the fun! May this 11/6 be your best yet!

November 6, 2018 Blog

#Election2018 – For those interested in tracking tonight’s results themselves, here is a printable scorecard to add to the fun! May this 11/6 be your best yet! https://adobe.ly/2OrCd9z

Futures Fall

October 23, 2018 Blog

#FuturesFall U.S. stocks are poised to follow Asian and European bourses lower at the opening. The S&P 500 is down 6.0% (175 points), since hitting its record high a month ago on September 20. Futures are forecasting the Dow and S&P to be down ~1.5% at the market opening this morning. Skittish investors cite the

What’s the market trying to tell investors?

October 16, 2018 Blog

Why are stocks rallying today? Perhaps, it is that 80% of reporting companies, thus far, have exceeded street consensus forecasts (beats). The market has been at a pivotable state, teetering against opposing forces. There some that espouse the expansion is nearing its twilight and stocks will discount future gains in anticipation of economic slowdown and