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Market Update – Wednesday 11/20/19 4:00 PM EDT

The SkyNet SellBots took control in the overnight futures session, sending US stocks lower at the open of trading on Wall Street.The BuyBots mounted a late-day rally, paring the day’s losses. The DJIA ended down 113  points (0.4%) and the NASDAQ dropped 44 points (0.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 11/19/19 4:00 PM EDT

The SkyNet StockBots mostly stayed on the sidelines, as US stocks zigged and zagged their way to a mixed close. The DJIA dropped 102  points (0.4%) but the NASDAQ added 20 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Monday 11/18/19 4:00 PM EDT

The SkyNet StockBots mostly stayed on the sidelines, as US stocks zigged and zagged their way to a modestly higher close. The buying pressure continued right ion through to the close, sending stocks to new closing highs. The DJIA gained 31 points (0.1%) and the NASDAQ added 9 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Friday 11/15/19 4:00 PM EDT

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. The buying pressure continued right ion through to the close, sending stocks to new closing highs. The DJIA surged 222 points (0.8%) and the NASDAQ gained 61 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 11/13/19 4:00 PM EDT

The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. From there, stocks zigged and zagged into a mixed close. The DJIA ended higher by 92 points (0.3%) and the NASDAQ slipped 4 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 11/12/19 4:00 PM EDT

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. At precisely 11:15 AM EST (“funny” how that happens), the SellBots stepped in and reversed the market’s course, leading to a narrowly mixed close. In a statistical rarity, the DJIA ended exactly unchanged. The NASDAQ gained 21 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Monday 11/11/19 4:00 PM EDT

The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, the BuyBots took over and mounted a rally into a modestly mixed close. The DJIA ended higher by 10 points (0.0%) and the NASDAQ slipped 11 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

11/17/19 – Sven Henrich: The Day of Reckoning

Well, they’ve done it again. By “they” I of course mean the US Federal Reserve and all the other central banks combined. Synchronized global easing it is called and the once again giant inflows of artificial liquidity are dominating the price action in markets irrespective what’s going on with earnings or growth. Read More.

Market Update – Thursday 11/07/19 4:00 PM EDT

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, the buying continued until precisely noon EST (“funny” how that happens) when the SellBots stepped in and started a reversal. The DJIA ended higher by 182 points (0.6%) and the NASDAQ added 24 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 11/06/19 4:00 PM EST

Again the SkyNet StockBots were mostly quiet and stayed on the sidelines as US stocks zigged and zagged their way to a modestly mixed close. The DJIA broke even and the NASDAQ dropped 24 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

11/12/19 – TMIN: Guess Who Is Preparing For A Major Stock Market Crash?

Pessimism is spreading like wildfire on Wall Street, and this is particularly true among one very important group of investors. And considering how much money they have, it may be wise to listen to what they are telling us. According to a very alarming survey that was recently conducted by UBS Wealth Management, most wealthy investors now believe that there will be a “significant” stock market decline before the end of next year. Read More.

Market Update – Monday 11/04/19 4:00 PM EST

The SkyNet BuyBots kicked it in to high gear again, pushing US stocks to a record closing high. The DJIA gained 114 points (0.4%) and the NASDAQ added 47 points (0.5%).

Stay tuned as the battle of the SkyNet StockBots continues.