Weekly Market Outlook – Thursday’s Stumble Taints Last Week’s Win

The market mustered its third weekly win in a row, reaching another 52-week high in the process. But, Thursday's sizeable intraday setback raises concerns. It didn't do enough damage to turn a winning week into a loser (obviously). The shape and scope of that day's reversal bar, however, is a hint that this rally may be ready to evolve into...

Sector Rotation Well Underway as Tech Stocks Run Out of Steam

By Craig Thompson, Investing.com One of the hallmarks of a bull market is sector rotation. I am sending out this update because we are starting to see the early signs of money moving out of technology, which has led this year’s market rally, and into lagging sectors/industry groups. Below is a weekly chart of the Nasdaq 100 and last week’s...

Weekly Market Outlook – Another Weekly Win… With a Major Footnote

Stocks logged a second weekly gain in a row, extending an uptrend that's been well underway since March. All told, the S&P 500 new sits 18% above that low, reaching another 52-week high last week. It was hardly the kind of power bulls want to see here, however. The market wasn't able to hold on to its intraweek high, and...

Weekly Market Outlook – Another Weekly Win… With a Major Footnote

Stocks logged a second weekly gain in a row, extending an uptrend that's been well underway since March. All told, the S&P 500 new sits 18% above that low, reaching another 52-week high last week. It was hardly the kind of power bulls want to see here, however. The market wasn't able to hold on to its intraweek high, and...
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