Stocks
Weekly Market Outlook – One More Bad Day For Stocks Could Do It
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 there yet, however. We’re just uncomfortably close. We’ll see how closer we are to the brink in just a moment. Let’s first look at last week’s most important economic news and then preview what’s due this week. Spoiler alert: It’s getting tougher for the Federal Reserve to say it’s planning on imposing a handful of interest rate cuts in the foreseeable future. Economic Data Analysis There was only one set of data released last week, but it’s a doozie. We heard March’s inflation numbers. Consumer inflation was posted on Wednesday,… more
Weekly Market Outlook – Cracks Are Starting to Show, But the Rally Remains Intact
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... more
Weekly Market Outlook – Just Chuggin’ Along
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,... more
Weekly Market Outlook – The Rally’s Renewal is 0% Surprising
For a couple of weeks it looked like the market might finally succumb to the weight of its recent gains. But, the bulls were able to put the rally back in gear before it completely stalled. The S&P 500 advanced 2.3% last week, reaching another record high in the process. In short, the rally is still alive. Better still, the... more
Weekly Market Outlook – Small Cracks Showing, But Don’t Panic Yet
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... more
Weekly Market Outlook – Friday’s Pullback Was Scripted, and Not Yet a Cause For Concern
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?... more
Weekly Market Outlook – Riding the Bullish Guardrails
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... more
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