Stocks suffered another loss last week… albeit a small one. And, depending the index, no serious damage was done. Moreover, in the one case where a key floor did finally start to break, several more are still below, waiting to stop the bleeding. And it all may mean nothing anyway. Friday was an option expiration day, forcing a lot of...
Stocks suffered another loss last week… albeit a small one. And, depending the index, no serious damage was done. Moreover, in the one case where a key floor did finally start to break, several more are still below, waiting to stop the bleeding. And it all may mean nothing anyway. Friday was an option expiration day, forcing a lot of...
Friday’s jobs report eventually tipped the stock market back into the red for the week. Or, maybe that wasn’t the reason, but rather, just the trigger. Perhaps stocks were going to peak and pull back on Friday either way. All it took was a kiss of a couple of well-established technical ceilings to get the ball rolling. The good news?...
Friday’s jobs report eventually tipped the stock market back into the red for the week. Or, maybe that wasn’t the reason, but rather, just the trigger. Perhaps stocks were going to peak and pull back on Friday either way. All it took was a kiss of a couple of well-established technical ceilings to get the ball rolling. The good news?...
Despite the rocky start to the week, the bulls finally got on… well, got on their horses to push the market to yet-another new high. Perhaps more important, the NASDAQ Composite finally punched through a major technical ceiling that frees it up to keep moving higher. And yet, both of the indices are once again testing other resistance lines. That’s...
Despite the rocky start to the week, the bulls finally got on… well, got on their horses to push the market to yet-another new high. Perhaps more important, the NASDAQ Composite finally punched through a major technical ceiling that frees it up to keep moving higher. And yet, both of the indices are once again testing other resistance lines. That’s...
Stocks bounced back from the setback a week earlier. But, the advance was less than ideal. The S&P 500 slowed down late in the week when a well-established technical ceiling was tested again. That doesn’t mean the bigger-picture advance is done. In fact, the S&P 500 is trapped nicely between rising support and resistance lines. That’s bullish to be sure....
Stocks bounced back from the setback a week earlier. But, the advance was less than ideal. The S&P 500 slowed down late in the week when a well-established technical ceiling was tested again. That doesn’t mean the bigger-picture advance is done. In fact, the S&P 500 is trapped nicely between rising support and resistance lines. That’s bullish to be sure....
We warned you a week ago that stocks had rallied too far, too fast. Last week they paid the price. The S&P 500 lost 0.4% of its value over the course of the prior five trading days. That’s not a lot. In fact, the market reclaimed much of what it had last on Tuesday following an alarming inflation report (more...
We warned you a week ago that stocks had rallied too far, too fast. Last week they paid the price. The S&P 500 lost 0.4% of its value over the course of the prior five trading days. That’s not a lot. In fact, the market reclaimed much of what it had last on Tuesday following an alarming inflation report (more...
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