Traders should never assume anything, but that's especially true right now. Last week's meltdown was for all intents and purposes unheard of, and stocks were vulnerable to be sure. But, unlike most knee-jerk selloffs, this one was actually somewhat rationalized. If the coronavirus does indeed turn into a full-blown global contagion, the economy could be up-ended and stocks could be...
The Dow and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. Wall Street's historic shake-up came as worries grew over the coronavirus' impact on the global economy and corporate profits. By Fred Imbert, CNBC The U.S. stock market suffered a historic pullback this week as the coronavirus spread...
The Dow and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. Wall Street's historic shake-up came as worries grew over the coronavirus' impact on the global economy and corporate profits. By Fred Imbert, CNBC The U.S. stock market suffered a historic pullback this week as the coronavirus spread...
Back in early 2018, after a dramatic rally in early January 2018, the US stock market collapsed suddenly and violently – falling nearly 12% in a matter of just 9 trading days. Our researchers asked the question, is the current collapse similar to this type of move and could we expect a sudden market bottom to setup? Although there are...
Back in early 2018, after a dramatic rally in early January 2018, the US stock market collapsed suddenly and violently – falling nearly 12% in a matter of just 9 trading days. Our researchers asked the question, is the current collapse similar to this type of move and could we expect a sudden market bottom to setup? Although there are...
In our last FANG stocks update we warned that these names, as a group, were racing too far ahead of the pack. And, we've pointed out the same with a handful of sector-based and style-based looks of late. Not surprisingly, the overextended names that make up the so-called FANG stocks led last week's tumble. Whereas the S&P 500 fell 11.2%...
In our last FANG stocks update we warned that these names, as a group, were racing too far ahead of the pack. And, we've pointed out the same with a handful of sector-based and style-based looks of late. Not surprisingly, the overextended names that make up the so-called FANG stocks led last week's tumble. Whereas the S&P 500 fell 11.2%...
Our research team wanted to share this chart with our friends and followers. This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system. We believe this downside move will target the $251 level on the SPY over the next few weeks and...
Our research team wanted to share this chart with our friends and followers. This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system. We believe this downside move will target the $251 level on the SPY over the next few weeks and...
Ouch. With two back-to-back drubbings, the S&P 500 is now down a little more than 6% week to date. It's also back to levels not seen since early December. Though the coronavirus got the blame, that wasn't the crux of the selloff. Stocks were vulnerable no matter what. The coronavirus contagion just got the blame. Regardless of the reason, the...
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