Weekly Market Outlook – Things Just Got a Lot Tougher For The Bulls Weekly Market Outlook – January 12th, 2025 For a brief moment early last week, it looked like the market just might escape suffering a full-blown correction and rekindle its bigger-picture. But, no such like. By Friday’s close, the market was in worse shape than it was...
For the better part of the holiday-shortened week stocks were bounding back from the prior week’s setback. When push came to shove for the bulls though, the bulls flinched. Friday’s setback suspiciously started near well-established technical resistance, at least partially pushing the market back to the brink. But not beyond it. The sellers stopped just short of dragging the market...
For the better part of the holiday-shortened week stocks were bounding back from the prior week’s setback. When push came to shove for the bulls though, the bulls flinched. Friday’s setback suspiciously started near well-established technical resistance, at least partially pushing the market back to the brink. But not beyond it. The sellers stopped just short of dragging the market...
We’ve mentioned for the past couple of weeks that stocks were playing with proverbial fire. Traders finally got burned last week, with the market tumbling to and then below a handful of technical support levels. Even so, last week wasn’t horrifying. The S&P 500 only ended up losing 2.4% of its value, which isn’t chump change, but isn’t exactly insurmountable...
We’ve mentioned for the past couple of weeks that stocks were playing with proverbial fire. Traders finally got burned last week, with the market tumbling to and then below a handful of technical support levels. Even so, last week wasn’t horrifying. The S&P 500 only ended up losing 2.4% of its value, which isn’t chump change, but isn’t exactly insurmountable...
A week ago stocks were rolling. But, the effort also felt like it was running out of steam, as at least the S&P 500 is also testing a key technical ceiling. Although the NASDAQ Composite managed a small gain and has a little room in front of it before bumping into resistance, things are getting tougher. And, there’s another small...
A week ago stocks were rolling. But, the effort also felt like it was running out of steam, as at least the S&P 500 is also testing a key technical ceiling. Although the NASDAQ Composite managed a small gain and has a little room in front of it before bumping into resistance, things are getting tougher. And, there’s another small...
Another week, another win. All the indexes trekked deeper into record-high territory, seemingly with plenty of momentum behind the move. And, maybe there is indeed lots of momentum at work here. There’s good reason to be cautious though. The market was already dangerously overextended. Last week, the rally effort was suspiciously stopped right at a couple of different established technical...
Another week, another win. All the indexes trekked deeper into record-high territory, seemingly with plenty of momentum behind the move. And, maybe there is indeed lots of momentum at work here. There’s good reason to be cautious though. The market was already dangerously overextended. Last week, the rally effort was suspiciously stopped right at a couple of different established technical...
Picking up where they left off a week earlier, the bulls logged another gain during the holiday-shortened week. All told, the S&P 500 gained another 1.0% last week, tiptoeing into record-high territory as a result. The momentum is obviously bullish. It’s bullish with a big asterisk, however. That is, the gains suspiciously stopped at an established technical ceiling. And that...
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