After playing with fire for several weeks, the weight of the gains since early June finally took their toll. The S&P 500 fell 3.1% last week… the biggest setback since late-May, though the same setback that immediately preceded a major rebound move. This stumble, however, didn't take shape at the end of a selloff. It may just be the beginning...
Our researchers have identified a very rare type of price pattern that is typically associated with explosive trend changes and trends. We call this type of pattern a “Sandwich” pattern because of how price reacts within a range. The IWM, Russell 2000 ETF, is illustrating a nearly perfect example of this pattern right now. Daily IWM chart (Russell 2000 Small...
Our researchers have identified a very rare type of price pattern that is typically associated with explosive trend changes and trends. We call this type of pattern a “Sandwich” pattern because of how price reacts within a range. The IWM, Russell 2000 ETF, is illustrating a nearly perfect example of this pattern right now. Daily IWM chart (Russell 2000 Small...
Another good month on the jobs front. Though the United States didn’t add the 165,000 payrolls economists were expecting, the 164,000 they got was close enough. The unemployment rate remained unchanged at 3.7%. It was a good report for the country through July, calling into question doubts about the strength of the economy. Although it didn’t stave off a marketwide...
Another good month on the jobs front. Though the United States didn’t add the 165,000 payrolls economists were expecting, the 164,000 they got was close enough. The unemployment rate remained unchanged at 3.7%. It was a good report for the country through July, calling into question doubts about the strength of the economy. Although it didn’t stave off a marketwide...
– The white metal is far more volatile and that can be used as an advantage by savvy investors. – By Simon Constable, TheStreet.com Anyone bullish on precious metals should consider silver instead of gold. The white metal tends to see far more volatility, which is an advantage for traders in an up-trending market. Plus, silver prices are still playing...
– The white metal is far more volatile and that can be used as an advantage by savvy investors. – By Simon Constable, TheStreet.com Anyone bullish on precious metals should consider silver instead of gold. The white metal tends to see far more volatility, which is an advantage for traders in an up-trending market. Plus, silver prices are still playing...
By Mark DeCambre, MarketWatch Talk about titanic returns. The last time the S&P 500 stock index performed this well at this point in the year, a movie about a budding romance aboard the Titanic-an ill-fated luxury liner, deemed unsinkable back in 1912-was unspooling in theaters in 1997. Titanic the movie went on to become the third-highest grossing movie in the...
By Mark DeCambre, MarketWatch Talk about titanic returns. The last time the S&P 500 stock index performed this well at this point in the year, a movie about a budding romance aboard the Titanic-an ill-fated luxury liner, deemed unsinkable back in 1912-was unspooling in theaters in 1997. Titanic the movie went on to become the third-highest grossing movie in the...
A week ago the overbought market was on the verge of a decided, even if most devastating, breakdown. Once again though, investors found just the inspiration they were looking for. The S&P 500 rallied 1.65% over the course of the prior five trading days to end the week at a new record-high close of 3025.86. The market's still overbought, and...
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