– Elliott Wave theory suggests stocks could extend gains if the S&P 500 breaks through 2,915 points – By Avi Gilburt, MarketWatch In fall 2018, when I was warning about a 20%-30% correction I foresaw in the stock market, I also warned that within that "correction," the market could make a new all-time high. It may still do so, with...
Two weeks ago, Netflix (NFLX) appeared to be back on top of the world. The twelve-month leader among FAANG stocks and knocking on the door of new 52-week highs, it was a tempting buy. The subtle hints never took root though. That is to say, the buyers never poured in whole-heartedly enough to get NFLX over the hump, which has...
Two weeks ago, Netflix (NFLX) appeared to be back on top of the world. The twelve-month leader among FAANG stocks and knocking on the door of new 52-week highs, it was a tempting buy. The subtle hints never took root though. That is to say, the buyers never poured in whole-heartedly enough to get NFLX over the hump, which has...
The S&P 500 managed to gain a solid 2.0% last week, following through on the bullish reversal made a week prior. But, as far as gains go, it was far from an ideal one. Not only was a gap left behind with Monday's strong open (gaps tend to get filled in), the buying volume deteriorated all the way up. There...
The S&P 500 managed to gain a solid 2.0% last week, following through on the bullish reversal made a week prior. But, as far as gains go, it was far from an ideal one. Not only was a gap left behind with Monday's strong open (gaps tend to get filled in), the buying volume deteriorated all the way up. There...
The headlines were reasonably encouraging, and understandably so. After a pretty miserable February in terms of net payroll growth, March's job growth was relatively strong. And, the figure could have been even better were most of the country not already working a job they liked well enough to keep. Beyond the headlines though, last month's employment snapshot could have been...
The headlines were reasonably encouraging, and understandably so. After a pretty miserable February in terms of net payroll growth, March's job growth was relatively strong. And, the figure could have been even better were most of the country not already working a job they liked well enough to keep. Beyond the headlines though, last month's employment snapshot could have been...
By Stephanie Landsman, CNBC The market rally is mimicking a trend that hasn't been seen in more than two decades, according to Avalon Advisors' Bill Stone. He highlighted the pattern on CNBC's "Trading Nation" in a chart that compares 2018-2019 sharp gains with the average rebound during post-World War II non-recessionary periods. Stone's takeaway: It looks a lot like the...
By Stephanie Landsman, CNBC The market rally is mimicking a trend that hasn't been seen in more than two decades, according to Avalon Advisors' Bill Stone. He highlighted the pattern on CNBC's "Trading Nation" in a chart that compares 2018-2019 sharp gains with the average rebound during post-World War II non-recessionary periods. Stone's takeaway: It looks a lot like the...
By Keris Lahiff, CNBC Lockheed Martin has dovetailed since hitting a 52-week high last April. The defense contractor has plummeted 15 percent since that peak, buffeted by every new development in U.S.-China trade discussions. One technical analyst sees a rebound in the making after a rough 12 months. "It's been a bit of an underperformer in the defense sector, but...
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