Hello SpikeTraders,Markets gapped down the traded near the day’s lows in choppy trading for the remainder of the day. Yesterday the Fed increased rates by .75 basis points as they continue to try and fight inflation. What always amazes me is the fight against this inflation has only been talked about in the last six months or so, but inflation has been spiraling out of control over the previous two years. The Fed is always late to the game. Let’s look at the charts…

Hello SpikeTraders,The Dow Jones Industrials and the S&P500 closed marginally down with the Nasdaq closing marginally up in choppy trading. Volatility hit the markets late last week and yesterday as investors/traders worry that a larger interest rate hike this week from the Feds. The expectation is a 75 basis point increase when the Feds announce Wednesday. Let’s look at the charts…

Hello SpikeTraders,Markets closed lower as selling increased in the last hour of trading, with the S&P 500 closing down nearly 2.5% in the largest down day since the reaction rally began on May 20th. Let’s look at the charts…

Hello SpikeTraders,Markets gave up early gains closing well off their highs. All three major indexes did manage to close in positive territory and hold above support levels. Let’s look at the charts…

Hello SpikeTraders,Markets closed slightly negative, and it should not be a surprise the markets paused after a strong reaction rally from oversold conditions last week. May was another volatile month for the stock market as investors continued to worry about inflation and interest rate hikes. The S&P ended the month marginally down but closed 322-points off its lows for the month. Let’s look at the charts…