The market recovered well from the prior week’s concerning weakness… then never stopped recovering. The S&P 500 kept on climbing once it made a bullish intraday reversal on Monday. When all was said and done, the index gained 3.4% last week to close just under a new record high. The NASDAQ Composite did the same. Both have room and reason...
The market recovered well from the prior week’s concerning weakness… then never stopped recovering. The S&P 500 kept on climbing once it made a bullish intraday reversal on Monday. When all was said and done, the index gained 3.4% last week to close just under a new record high. The NASDAQ Composite did the same. Both have room and reason...
For a second week in a row, stocks ended the week on a low now, and near the low for the week. It’s a sign that the bulls continue to lose confidence. They’re not past the point of no return just yet, mind you. There’s still a chance the bulls could turn things around. Given the circumstances, backdrop, and pent-up...
For a second week in a row, stocks ended the week on a low now, and near the low for the week. It’s a sign that the bulls continue to lose confidence. They’re not past the point of no return just yet, mind you. There’s still a chance the bulls could turn things around. Given the circumstances, backdrop, and pent-up...
We mentioned a week ago that things could get a bit tough for the bulls. Last week’s action proved it. Although the S&P 500’s 0.4% setback is hardly disastrous. The intraweek 1.3% swing from its peak to close at its low, however, is more concerning… a concern made even worse by where the reversal started. Never even mind the other...
We mentioned a week ago that things could get a bit tough for the bulls. Last week’s action proved it. Although the S&P 500’s 0.4% setback is hardly disastrous. The intraweek 1.3% swing from its peak to close at its low, however, is more concerning… a concern made even worse by where the reversal started. Never even mind the other...
There wasn’t much “umph” behind last week’s bullish effort. But, there didn’t need to be. The bulls only needed to demonstrate a little bit of follow-though on the previous week’s turnaround, which it did. This is a pace at which the market can keep climbing despite the lethargy we usually see around this time of year. And yet, there’s good...
There wasn’t much “umph” behind last week’s bullish effort. But, there didn’t need to be. The bulls only needed to demonstrate a little bit of follow-though on the previous week’s turnaround, which it did. This is a pace at which the market can keep climbing despite the lethargy we usually see around this time of year. And yet, there’s good...
Stocks bounced back from the prior week’s lull, finding support at a major technical support level. But, it wasn’t exactly a convincing move. None of the key indexes actually made a meaningfully higher high. So far we can chalk up this failure to follow through on its fall to indecision. Still, not melting down is still something of a victory...
Stocks bounced back from the prior week’s lull, finding support at a major technical support level. But, it wasn’t exactly a convincing move. None of the key indexes actually made a meaningfully higher high. So far we can chalk up this failure to follow through on its fall to indecision. Still, not melting down is still something of a victory...
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