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Markets bounced on Thursday last week with the Nasdaq leading out of a bull flag, but other indexes are significantly weaker as financials and energy…
Markets continue to be extremely volatile and choppy with increased volume this week given the contagion panic in finance and slew of macroeconomic…
Markets showed how much can change in a week as Monday’s weakness turned into a full-fledged selloff in the indexes by Friday. The VIX spiked to the…
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Markets staged an epic shakeout in the indexes and individual stocks on Thursday before closing strong and following through on Friday. The indexes…
Markets closed slightly lower today for the third close in a row near daily lows. Friday’s low around the 200-day moving average was tested intraday and…
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February 2023

Markets gapped down on Friday after a hotter-than-expected PCE inflation reading came in before the open. The indexes (barely) held key levels and…
Markets reacted mutedly negative to the FOMC minutes this afternoon, but finished even on the day. We’re in a new daily cycle as the Nasdaq closed below…
Markets retraced to their 21-day exponential moving averages after hotter-than-expected inflation data hit the wires Thursday morning. The likelihood of…
Markets continue to consolidate above their 21-day moving averages after being extended coming into last week. I am viewing it as a constructive…
Markets and individual stocks swung wildly around Jerome Powell’s discussion yesterday, resolving higher before gapping down and selling off to close at…
Markets are showing signs of a short-term rest after a powerful move from the bottom in January. The upside continuation on accelerating volume over…
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Markets rallied further today as Powell was apparently less hawkish than expected despite noting that “ongoing rate increases would be appropriate…
© 2023 Dan Dormody
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