The market showed a bit of predictable vulnerability two weeks ago. It clearly showed much more last week, by virtue of the biggest loss in months that snapped some — though not all — of the nearest technical support levels. The bearish jolt could spark a more serious wave of selling. That’s not the most alarming part of last week’s...
The market showed a bit of predictable vulnerability two weeks ago. It clearly showed much more last week, by virtue of the biggest loss in months that snapped some — though not all — of the nearest technical support levels. The bearish jolt could spark a more serious wave of selling. That’s not the most alarming part of last week’s...
The stock market may have notched yet-another weekly win last week. But, it was tainted. It’s downright alarming, in fact, hinting that the rally as near or at the point of exhaustion right where you’d expect it to hit a wall. Still, it’s not as if the market is fighting a battle it’s clearly losing. There’s room for a little...
The stock market may have notched yet-another weekly win last week. But, it was tainted. It’s downright alarming, in fact, hinting that the rally as near or at the point of exhaustion right where you’d expect it to hit a wall. Still, it’s not as if the market is fighting a battle it’s clearly losing. There’s room for a little...
Two weeks ago the rally was starting to show some cracks. They were all repaired last week… and then some. Indeed, stocks logged a major gain during the holiday-shortened week, ending at record highs above important technical ceilings. The unlikely move leaves traders wondering what’s next — is there actually room for more upside? There may well be. On the...
Two weeks ago the rally was starting to show some cracks. They were all repaired last week… and then some. Indeed, stocks logged a major gain during the holiday-shortened week, ending at record highs above important technical ceilings. The unlikely move leaves traders wondering what’s next — is there actually room for more upside? There may well be. On the...
More often not, how something happened is at least as important as what happened. It’s certainly true of the stock market anyway. Sometimes it’s the subtle, nuanced clues that give you a better hint of what’s really going on. It’s a concept to consider after last week’s action to be sure. While the major indices basically broke even (the NASDAQ...
More often not, how something happened is at least as important as what happened. It’s certainly true of the stock market anyway. Sometimes it’s the subtle, nuanced clues that give you a better hint of what’s really going on. It’s a concept to consider after last week’s action to be sure. While the major indices basically broke even (the NASDAQ...
Stocks managed to log another win last week… albeit just barely. And not all of them. Whereas the S&P 500 mustered a 0.6% gain during the holiday-interrupted stretch, the NASDAQ suffered the tiniest of weekly losses. Traders were moving to safer names, however. The Dow Jones Industrial Average was up 1.45% for the week. Unlike either other index though, the...
Stocks managed to log another win last week… albeit just barely. And not all of them. Whereas the S&P 500 mustered a 0.6% gain during the holiday-interrupted stretch, the NASDAQ suffered the tiniest of weekly losses. Traders were moving to safer names, however. The Dow Jones Industrial Average was up 1.45% for the week. Unlike either other index though, the...
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