The week didn’t start out on a particularly high note, with most traders waiting to see what the Federal Reserve had to say about interest rates on Wednesday. They appear to have liked what they heard. The bullishness that finally unfurled was enough to push stocks above important technical resistance levels. It just got much easier to continue moving higher…...
In a complete reversal of the prior week’s trend and tone, stocks bounced back in earnest last week. Indeed, logging gains each and every day last week, the S&P 500 ended Friday up 4.1% from the previous Friday’s close. That carried the index back above most — although not all — of its current technical ceilings. The remaining resistance levels,...
In a complete reversal of the prior week’s trend and tone, stocks bounced back in earnest last week. Indeed, logging gains each and every day last week, the S&P 500 ended Friday up 4.1% from the previous Friday’s close. That carried the index back above most — although not all — of its current technical ceilings. The remaining resistance levels,...
Despite ending the previous week with some bullish momentum – and within striking distance of new record highs – all of it was wrecked last week. Blame bad economic news, mostly, although stocks themselves proved to be strangely vulnerable to data that wasn’t exactly surprising. It looks like traders now believe no plausible rate cuts this month will be enough...
Despite ending the previous week with some bullish momentum – and within striking distance of new record highs – all of it was wrecked last week. Blame bad economic news, mostly, although stocks themselves proved to be strangely vulnerable to data that wasn’t exactly surprising. It looks like traders now believe no plausible rate cuts this month will be enough...
Stocks may have finished the week on a high note, but as feared a week ago, it didn’t actually lead the market higher for the week itself. Despite Friday’s 1.0% gain from the S&P 500 it still never cleared Monday’s high, and still hasn’t moved above last month’s ultimate peak. Meanwhile, the NASDAQ Composite nearly lost a full percentage point...
Stocks may have finished the week on a high note, but as feared a week ago, it didn’t actually lead the market higher for the week itself. Despite Friday’s 1.0% gain from the S&P 500 it still never cleared Monday’s high, and still hasn’t moved above last month’s ultimate peak. Meanwhile, the NASDAQ Composite nearly lost a full percentage point...
Stocks logged another win last week, following through on a reversal effort that took shape three weeks ago in the wake of a serious drubbing. Still, it was a tepid effort when all was said and done… particularly in light of the fact that the Fed pretty much guaranteed interest rate cuts are coming. The bulls still need to prove...
Stocks logged another win last week, following through on a reversal effort that took shape three weeks ago in the wake of a serious drubbing. Still, it was a tepid effort when all was said and done… particularly in light of the fact that the Fed pretty much guaranteed interest rate cuts are coming. The bulls still need to prove...
Following through on the previous week’s bullish intraweek reversal, stocks soared last week. In fact, the S&P 500’s 3.9% advance last week makes it the market’s best week since November of last year. It/s a convincing statement to any doubting bulls. And yet, it’s far for an ideal move if you were hoping for more upside. There’s not a lot...
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