As was feared a week ago, the weight and scope of the market’s then-recent gains proved too much last week. Stocks lost ground. By almost all measures though, the pullback was a perfect one… not too much, but not too little, and stopping right at a major technical floor. This is exactly how the bulls were hoping the rally was...
As was feared a week ago, the weight and scope of the market’s then-recent gains proved too much last week. Stocks lost ground. By almost all measures though, the pullback was a perfect one… not too much, but not too little, and stopping right at a major technical floor. This is exactly how the bulls were hoping the rally was...
Never let it be said the bulls were good at pacing themselves. But, they did the work they needed to. Last week, both of the indices hurdled the technical ceilings we feared they wouldn’t be able to just a week earlier. Problem? It was just a little too good, leaving yet-another opening gap behind with Monday’s strong open. The bears...
Never let it be said the bulls were good at pacing themselves. But, they did the work they needed to. Last week, both of the indices hurdled the technical ceilings we feared they wouldn’t be able to just a week earlier. Problem? It was just a little too good, leaving yet-another opening gap behind with Monday’s strong open. The bears...
The market wasn’t able to log three winning weeks in a row, although the S&P 500 as well as the NASDAQ Composite were both briefly up for the week on Thursday. Traders are just hesitant to dive in against such an uncertain backdrop. And, who can blame them? That being said, the market might have bumped into this headwind regardless...
The market wasn’t able to log three winning weeks in a row, although the S&P 500 as well as the NASDAQ Composite were both briefly up for the week on Thursday. Traders are just hesitant to dive in against such an uncertain backdrop. And, who can blame them? That being said, the market might have bumped into this headwind regardless...
Despite a fairly slow start, the bulls finally got things moving again to hammer out a second winning week in a row. All told, the S&P 500 advanced nearly 2.9% last and now sits 16% above its early-April multi-month low. And yet, the index still hasn’t actually crawled back to levels that confirm the tide’s taken a solid enough turn...
Despite a fairly slow start, the bulls finally got things moving again to hammer out a second winning week in a row. All told, the S&P 500 advanced nearly 2.9% last and now sits 16% above its early-April multi-month low. And yet, the index still hasn’t actually crawled back to levels that confirm the tide’s taken a solid enough turn...
Happy Derby! Weather is going to be wet in Louisville for the greatest 2 minutes in sports on the first Saturday of May. Let’s start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My analysis of past data indicates that horses with 2 strong 100+ speed ratings in preparatory races...
The bulls came back with a vengeance after a slight pullback the week before, rekindling the reversal effort that took shape three weeks back. All told, the S&P 500 rallied 4.2% last week (and 8.1% from its intraweek low) to close at 5,525.21, which is more than 14% better than its early-April low. And yet, it’s still too soon to...
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