Weekly Market Outlook – Close, But No Cigar

Congratulations to the bulls. A week ago today, the market was on the precipice of a pretty significant meltdown. Thanks to last week's strength, stocks are at least out of immediate danger. On the other hand, the indices have yet to clear the one hurdle they need to clear to make a reasonably convincing bullish case. Namely, the S&P 500...

Weekly Market Outlook – Close, But No Cigar

Congratulations to the bulls. A week ago today, the market was on the precipice of a pretty significant meltdown. Thanks to last week's strength, stocks are at least out of immediate danger. On the other hand, the indices have yet to clear the one hurdle they need to clear to make a reasonably convincing bullish case. Namely, the S&P 500...

Strong Existing Home Sales Point to Rekindled Employment Market, Economy

If anyone thought the real estate market was slowing down as a precursor to a contraction, they were wrong… at least based on March's evidence. The National Association of Realtors reported last month's existing home sales pace on Friday morning, saying home-buyers purchased already-built houses at an annualized pace of 5.71 million. That was a ten-year high. The surge came...

Strong Existing Home Sales Point to Rekindled Employment Market, Economy

If anyone thought the real estate market was slowing down as a precursor to a contraction, they were wrong… at least based on March's evidence. The National Association of Realtors reported last month's existing home sales pace on Friday morning, saying home-buyers purchased already-built houses at an annualized pace of 5.71 million. That was a ten-year high. The surge came...

There’s one thing in the charts that suggests the market is set to stall: Trader

By Annie Pei, CNBC While markets regained some ground on Thursday after a few tough sessions, trader Todd Gordon believes the stock rally may soon stall. The TradingAnalysis.com founder says that the S&P 500's recent close below its 50-day moving average on April 13 suggests that the market will soon start trading in a sideways range. "That's the first close...

There’s one thing in the charts that suggests the market is set to stall: Trader

By Annie Pei, CNBC While markets regained some ground on Thursday after a few tough sessions, trader Todd Gordon believes the stock rally may soon stall. The TradingAnalysis.com founder says that the S&P 500's recent close below its 50-day moving average on April 13 suggests that the market will soon start trading in a sideways range. "That's the first close...

Opinion: There are too many bulls to make any money on gold

Strong sentiment for yellow metal is a contrary sign By Mark Hulbert, MarketWatch Gold is suffering from too many believers. A decent rally for the yellow metal may therefore need to wait for at least many of gold’s enthusiasts to throw in the towel. The current sentiment picture stands in stark contrast to what prevailed in mid-March, the last time...

Opinion: There are too many bulls to make any money on gold

Strong sentiment for yellow metal is a contrary sign By Mark Hulbert, MarketWatch Gold is suffering from too many believers. A decent rally for the yellow metal may therefore need to wait for at least many of gold’s enthusiasts to throw in the towel. The current sentiment picture stands in stark contrast to what prevailed in mid-March, the last time...

Verizon (VZ) Shares Taken to the Brink by Earnings

In the grand scheme of things, it could have been worse for Verizon (VZ) shareholders following a disappointing first quarter report. On the other hand, it should have been better. For the quarter ending in March, telecom giant and wireless leader Verizon earned 95 cents per share on revenue of $29.8 billion. The pros, however, were looking for a profit...

Verizon (VZ) Shares Taken to the Brink by Earnings

In the grand scheme of things, it could have been worse for Verizon (VZ) shareholders following a disappointing first quarter report. On the other hand, it should have been better. For the quarter ending in March, telecom giant and wireless leader Verizon earned 95 cents per share on revenue of $29.8 billion. The pros, however, were looking for a profit...
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