Posts by: jbrumley

The bulls answered the call last week, pushing firmly back against the prior week’s rout. That is, the previous week’s 3.0% tumble, the S&P 500 bounced 2.7% last week. It’s a much-needed glimmer of hope. Just don’t grow too hopeful too soon. For all the effort, the market didn’t actually snap the selloff that began four weeks back. Last week’s...

Wow. That was… intense. We knew the market was already under fire headed into last week, having fallen a total of 2.5% over the course of the prior two weeks. The S&P 500 took a hefty 3.0% tumble last week alone though, snapping several important technical support levels in the process. The best thing going for the bulls now is...

For the second week in a row, stocks suffered losses. And this time around the market was dragged to the brink of implosion… all the way to the brink, but not past it. It’s close though. It’s so close, in fact, that one more bad day could do the trick and push the indexes below key technical floors. We’re not...

Stocks suffered a loss last week… the biggest one in a while, in fact. Perhaps worse, the move shattered what had become a pretty impressive technical support level. There’s still a decent chance, however, the market could bounce back into bullish form without moving lower first. It’s just that we’re very, very close to reaching the point where that feat...

Following through on the prior week’s rebound, stocks (mostly) made more progress last week despite ir being shortened by the holiday. The longer-term uptrend is still alive and well. Ergo, we remain bullish. Also know that April and May are — on average — firmly bullish more often than not. There’s decent reason to believe more upside is possible. And,...