The market was all over the map last week, but when all was said and done, Friday’s encouraging jobs report led stocks to their fourth consecutive weekly win. The wins are getting weaker though. Perhaps traders recognize stocks are still a little too overbought thanks to a rally that’s really been underway since early 2022; there just haven’t been enough...
The market was all over the map last week, but when all was said and done, Friday’s encouraging jobs report led stocks to their fourth consecutive weekly win. The wins are getting weaker though. Perhaps traders recognize stocks are still a little too overbought thanks to a rally that’s really been underway since early 2022; there just haven’t been enough...
Similar to the previous week’s gains, last week’s advance wasn’t exactly a convincing show of bullishness. The S&P 500 only closed about 0.6% higher for the five-day stretch when all was said and done, struggling to hold onto Thursday’s intraday gain. Progress is still progress though, and beats the alternative no matter how modest it might be. It was enough...
Similar to the previous week’s gains, last week’s advance wasn’t exactly a convincing show of bullishness. The S&P 500 only closed about 0.6% higher for the five-day stretch when all was said and done, struggling to hold onto Thursday’s intraday gain. Progress is still progress though, and beats the alternative no matter how modest it might be. It was enough...
The week didn’t start out on a particularly high note, with most traders waiting to see what the Federal Reserve had to say about interest rates on Wednesday. They appear to have liked what they heard. The bullishness that finally unfurled was enough to push stocks above important technical resistance levels. It just got much easier to continue moving higher…...
The week didn’t start out on a particularly high note, with most traders waiting to see what the Federal Reserve had to say about interest rates on Wednesday. They appear to have liked what they heard. The bullishness that finally unfurled was enough to push stocks above important technical resistance levels. It just got much easier to continue moving higher…...
In a complete reversal of the prior week’s trend and tone, stocks bounced back in earnest last week. Indeed, logging gains each and every day last week, the S&P 500 ended Friday up 4.1% from the previous Friday’s close. That carried the index back above most — although not all — of its current technical ceilings. The remaining resistance levels,...
In a complete reversal of the prior week’s trend and tone, stocks bounced back in earnest last week. Indeed, logging gains each and every day last week, the S&P 500 ended Friday up 4.1% from the previous Friday’s close. That carried the index back above most — although not all — of its current technical ceilings. The remaining resistance levels,...
Despite ending the previous week with some bullish momentum – and within striking distance of new record highs – all of it was wrecked last week. Blame bad economic news, mostly, although stocks themselves proved to be strangely vulnerable to data that wasn’t exactly surprising. It looks like traders now believe no plausible rate cuts this month will be enough...
Despite ending the previous week with some bullish momentum – and within striking distance of new record highs – all of it was wrecked last week. Blame bad economic news, mostly, although stocks themselves proved to be strangely vulnerable to data that wasn’t exactly surprising. It looks like traders now believe no plausible rate cuts this month will be enough...
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