So what about these charts? We have an interesting divergence working. The Nasdaq hit a new high after the Fed while the Dow and S&P 500 did not. The Nasdaq made a new high by 82 cents. But as you can see, the SPX is responding to 620 hours of this move off the November low. This is also the 89-90-day window off that November low and it’s on the front end of the seasonal change point. It’s very possible a change has already started. If the stock market does not correct given these important cycle points clustered with the Investors Intelligence report we are really dealing with a runaway train.
U.S. stocks were mostly higher on Wednesday, with investors counting down to the conclusion of the Federal Reserve's two-day meeting, where the central bank is widely expected to raise rates for the first time this year.
Hanweck, a leading provider of real-time risk analytics on global derivatives markets, announced Tuesday that Jean-Jacques Louis, Senior Vice President of Corporate Strategy at Nasdaq, has joined its Board of Directors.
U.S. stocks looked set to open marginally lower on Tuesday as investors fixed their sights on the outcome of a meeting where the Federal Reserve is widely expected to raise interest rates for the first time this year.
U.S. stocks rose on Friday amid broad-based gains as a stellar job report underscored the strength of the economy, potentially giving the Federal Reserve enough ammunition to raise interest rates next week.
U.S. stocks looked set to open lower on Monday as rising geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor Barack Obama wiretapped him weighed on investors' risk appetite.