The market may have snapped back from its meltdown before that meltdown had a chance to get going. But, the bounce was less than ideal. Not only was the recovery effort on light volume, the S&P left a gap behind on Friday. That's now aching to be filled in — with a pullback — and there's no assurance that the...
We’ve been writing about the broader US stock market for many months – highlighting the Pennant/Flag formations that have continued to set up since early 2018. Sometimes, the keys to really understanding what is transpiring behind the scenes in the US markets is to pay attention to various market segments and to consider applying some “outside the box” thinking. Before...
We’ve been writing about the broader US stock market for many months – highlighting the Pennant/Flag formations that have continued to set up since early 2018. Sometimes, the keys to really understanding what is transpiring behind the scenes in the US markets is to pay attention to various market segments and to consider applying some “outside the box” thinking. Before...
The media put their bias on full display Friday, in response to last month's unemployment and payrolls-creation numbers. Despite a 50-year low level in unemployment, the shortfall in expected jobs-creation was deemed problematic … a sign that employers were scaling back on hiring, fearing a slowdown looms ahead. Reality: Employers are struggling to find enough qualified workers to fill open...
The media put their bias on full display Friday, in response to last month's unemployment and payrolls-creation numbers. Despite a 50-year low level in unemployment, the shortfall in expected jobs-creation was deemed problematic … a sign that employers were scaling back on hiring, fearing a slowdown looms ahead. Reality: Employers are struggling to find enough qualified workers to fill open...
By Mark DeCambre, MarketWatch That is to paraphrase the late Dennis Green, who more than a decade ago, famously declared of the NFL’s Chicago Bears: they “are who we thought they were. And we let them off the hook.” Stock-market investors may be sharing that sentiment after seemingly having victory in sight on Tuesday, as did the Arizona Cardinals then-coached...
By Mark DeCambre, MarketWatch That is to paraphrase the late Dennis Green, who more than a decade ago, famously declared of the NFL’s Chicago Bears: they “are who we thought they were. And we let them off the hook.” Stock-market investors may be sharing that sentiment after seemingly having victory in sight on Tuesday, as did the Arizona Cardinals then-coached...
In retrospect, the weakness that started to take shape a couple of weeks ago shouldn't have come as a big surprise. More important, the clues that told us at least a slight lull was in the works is still telling us the pullback has yet to run its full course. How much more downside is left ahead remains unclear. But,...
In retrospect, the weakness that started to take shape a couple of weeks ago shouldn't have come as a big surprise. More important, the clues that told us at least a slight lull was in the works is still telling us the pullback has yet to run its full course. How much more downside is left ahead remains unclear. But,...
The fate of the overall market is still in question as September comes to a close and we turn the calendar to October. The S&P 500 is balanced right at a couple of key moving average lines – the 20-day and 50-day moving average lines – and sentiment indicators suggest traders aren't quite sure what to believe is likely from...
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