Stocks took one on the chin for a third week in a row, with most of the indices ending last week well under key technical support levels. It was so bad, in fact, it was good in that we just might see a dead-cat bounce. Indeed, we started to see the market clawing its way back from intraday lows on...
We knew it was a possibility. On Wednesday it became a reality. That is, teetering on the edge of a breakdown, Wednesday’s market losses pulled another major index below key technical floors. The path back to bullishness just got much tougher to navigate… or even find. The S&P 500 is the index in question. With today’s 33.5 point/0.76% setback, the...
We knew it was a possibility. On Wednesday it became a reality. That is, teetering on the edge of a breakdown, Wednesday’s market losses pulled another major index below key technical floors. The path back to bullishness just got much tougher to navigate… or even find. The S&P 500 is the index in question. With today’s 33.5 point/0.76% setback, the...
By Dr. Arnout ter Schur, Investing.com Two weeks ago, see here; we found, based on our interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP): "… it appears the grey W-iii and W-iv were completed July 19 and 27, respectively, and the grey W-v to ideally $16110+/-25 is underway. But the index must break...
For the second week in a row stocks took a loss, although last week’s wasn’t as big as the prior one. It was also a lower-volume pullback… … except for the NASDAQ Composite. The tech-heavy index actually accelerated its slide, and did so on higher volume. It’s a hint that investors are specifically dumping their more aggressive growth names, perhaps...
For the second week in a row stocks took a loss, although last week’s wasn’t as big as the prior one. It was also a lower-volume pullback… … except for the NASDAQ Composite. The tech-heavy index actually accelerated its slide, and did so on higher volume. It’s a hint that investors are specifically dumping their more aggressive growth names, perhaps...
They were all the rage just a few days back. Now they can’t do much of anything right. The so-called “Magnificent 7” names like Alphabet, Amazon, Microsoft, and Apple are now in a rather steep decline. They’re selling off at a much faster rate than the rest of the market is. In fact, we’re possibly just one bad day away...
They were all the rage just a few days back. Now they can’t do much of anything right. The so-called “Magnificent 7” names like Alphabet, Amazon, Microsoft, and Apple are now in a rather steep decline. They’re selling off at a much faster rate than the rest of the market is. In fact, we’re possibly just one bad day away...
By Harris Miller, Investors.com KB Home (KBH) is the IBD Stock Of The Day for Thursday. KBH stock is building toward a buy point and trading near a 16-year high. Homebuilders have rallied aggressively this year, as rising interest rates have slowed sales of existing homes, driving demand and prices for newbuilt homes. The Building-Residential/Commercial industry group bolted nearly 42% so...
The Russell 2000 rejects the key resistance and threatens a fall back to the 1920 support. From ForexLive Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the...
