Yes, the market finally snapped its four-week losing streak. It’s too soon to celebrate just yet though. As we warned last week, stocks had fallen so far so fast that we could have counted on at least a mild bullish pushback. That’s what we got, but just barely. It certainly wasn’t a strong or convincing enough effort to jolt the...
Yes, stocks dished out a firmly bullish bounce on Friday. Consider the circumstances though. At one point on Thursday the S&P 500 was down as much as 3.8% for the week, and hit the 10% correction mark that day (from its mid-February high). Some sort of pushback could have been expected. Whether it persists long enough remains to be seen....
Yes, stocks dished out a firmly bullish bounce on Friday. Consider the circumstances though. At one point on Thursday the S&P 500 was down as much as 3.8% for the week, and hit the 10% correction mark that day (from its mid-February high). Some sort of pushback could have been expected. Whether it persists long enough remains to be seen....
Another week, another ugly loss. And yes, this one added to the technical damage done by the selling a couple weeks ago. In some ways the market’s on its last leg, in fact, fighting to hold off weakness that would push stocks over a cliff and force it into making a full-blown correction. On the other hand, given how overdue...
Another week, another ugly loss. And yes, this one added to the technical damage done by the selling a couple weeks ago. In some ways the market’s on its last leg, in fact, fighting to hold off weakness that would push stocks over a cliff and force it into making a full-blown correction. On the other hand, given how overdue...
We knew a week ago that the market was vulnerable, and even toying with a corrective move. Despite last week’s rout, however, stocks didn’t fall off the edge of the cliff. They tested it with perfection before easing back from the precipice, in fact. And there’s the rub. The perfection with which Friday’s intraday turnaround took shape suggests it was...
We knew a week ago that the market was vulnerable, and even toying with a corrective move. Despite last week’s rout, however, stocks didn’t fall off the edge of the cliff. They tested it with perfection before easing back from the precipice, in fact. And there’s the rub. The perfection with which Friday’s intraday turnaround took shape suggests it was...
Friday was rough to be sure… the biggest daily loss in several months, rooted in scary rhetoric. Just don’t jump to conclusions. As hard as the bears hit, neither of the indices really threatened to break under even the nearest of technical support levels. In other words, the bull market is still alive, with no real evidence that a correction...
Friday was rough to be sure… the biggest daily loss in several months, rooted in scary rhetoric. Just don’t jump to conclusions. As hard as the bears hit, neither of the indices really threatened to break under even the nearest of technical support levels. In other words, the bull market is still alive, with no real evidence that a correction...
Once again the bulls were playing with fire, and once again the bulls avoided getting burned. Despite evidence to suggest (or confirm) the Federal Reserve will be in no hurry to lower interest rates, traders chose to see the glass as half-full rather than half-empty, pushing the market back to within sight of its recently-reached record highs. It’s still a...
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