Following through on the previous week’s bullishness, stocks mustered another wobbly gain last week. Momentum-wise, in fact, it looks like the rally is picking up steam again. There’s just one serious problem with the effort so far… plus another (potential) smaller one. We’ll look at them in a moment. First, let’s review last week’s biggest economic announcements and preview what’s...
Following through on the previous week’s bullishness, stocks mustered another wobbly gain last week. Momentum-wise, in fact, it looks like the rally is picking up steam again. There’s just one serious problem with the effort so far… plus another (potential) smaller one. We’ll look at them in a moment. First, let’s review last week’s biggest economic announcements and preview what’s...
The market followed through on the previous week’s bullish end at the beginning of last week. But, as has been the case a few times of late, there was no real follow-through. Although technically up for the week, there’s still a subtext of bearishness… like stocks want to dish out that correction they first teased a month ago. Indeed, the...
The market followed through on the previous week’s bullish end at the beginning of last week. But, as has been the case a few times of late, there was no real follow-through. Although technically up for the week, there’s still a subtext of bearishness… like stocks want to dish out that correction they first teased a month ago. Indeed, the...
Hopes for a renewal of the rally that started to wobble four weeks ago were largely dashed last week, with both the NASDAQ Composite as well as the S&P 500 making their lowest weekly closes since early May. Yet, there’s plenty more room for both indices to keep falling, and a growing amount of reason to think they will. Still,...
Hopes for a renewal of the rally that started to wobble four weeks ago were largely dashed last week, with both the NASDAQ Composite as well as the S&P 500 making their lowest weekly closes since early May. Yet, there’s plenty more room for both indices to keep falling, and a growing amount of reason to think they will. Still,...
Stocks bounced back a bit last week, following through in the previous week’s late effort to recover from an early-June drubbing. The effort was largely spent after Monday’s strong open though. Past that, the rally was out of gas. Friday’s slight gain was the only reason the S&P 500 was able to end the week with a slight win, up...
Stocks bounced back a bit last week, following through in the previous week’s late effort to recover from an early-June drubbing. The effort was largely spent after Monday’s strong open though. Past that, the rally was out of gas. Friday’s slight gain was the only reason the S&P 500 was able to end the week with a slight win, up...
Picking up where they left off a week earlier, the bears started last week in control. By mid-day Tuesday, stocks made a new multiweek low, and logged a new multiweek low close on Wednesday, testing the 50-day moving average lines for a second session in a row. Then the bulls started pushing, driving the market to a second consecutive daily...
Picking up where they left off a week earlier, the bears started last week in control. By mid-day Tuesday, stocks made a new multiweek low, and logged a new multiweek low close on Wednesday, testing the 50-day moving average lines for a second session in a row. Then the bulls started pushing, driving the market to a second consecutive daily...
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