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...
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...
The holiday-shortened trading week may have gotten off on a bullish foot, but as feared, when push came to shove, the bulls weren’t ready to take the leap. After testing a major technical ceiling, the bulls backed down. The S&P 500 fell 1.5% last week, closing more than 3% below Monday’s high. The NASDAQ Composite slipped 5% from peak to...
The holiday-shortened trading week may have gotten off on a bullish foot, but as feared, when push came to shove, the bulls weren’t ready to take the leap. After testing a major technical ceiling, the bulls backed down. The S&P 500 fell 1.5% last week, closing more than 3% below Monday’s high. The NASDAQ Composite slipped 5% from peak to...
A week ago we asked of things were so bad for the stock market that they were actually good, meaning had the steep marketwide selloff actually flushed all the sellers out, leaving behind only the buyers? In other words, had the market capitulated? The answer is… maybe. While last week was quite (as expected) bullish, the fact is, none of...
A week ago we asked of things were so bad for the stock market that they were actually good, meaning had the steep marketwide selloff actually flushed all the sellers out, leaving behind only the buyers? In other words, had the market capitulated? The answer is… maybe. While last week was quite (as expected) bullish, the fact is, none of...
Ouch. What started out as a tolerable weekend ended in disaster. Massive tariff-prompted plunges on Thursday and Friday dragged the S&P 500 down 9% for the five-day stretch, leaving the index 17% below its February peak. That’s a big loss made even bigger by the sheer speed of it. And yet, there’s a bullish prospect to it. The market fell...
Ouch. What started out as a tolerable weekend ended in disaster. Massive tariff-prompted plunges on Thursday and Friday dragged the S&P 500 down 9% for the five-day stretch, leaving the index 17% below its February peak. That’s a big loss made even bigger by the sheer speed of it. And yet, there’s a bullish prospect to it. The market fell...
The market might have started last week on a firmly bullish foot. The ease with which things turned very, very bearish later in the week, though, speaks volumes. The correction effort that first started taking shape back in mid-February is back in full swing. Indeed, one more ugly day could push both key indexes back to new multi-week lows, sparking...
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