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...
Yes, the market bounced back in a big way last week following its terrible open. All told, the S&P 500 finished Friday’s session 4.5% above Monday’s multi-week low, cracking a couple of noteworthy technical resistance lines as a result. It’s far too soon for the bulls to be celebrating though. The bounce thus far is less than an ideal beginning...
Yes, the market bounced back in a big way last week following its terrible open. All told, the S&P 500 finished Friday’s session 4.5% above Monday’s multi-week low, cracking a couple of noteworthy technical resistance lines as a result. It’s far too soon for the bulls to be celebrating though. The bounce thus far is less than an ideal beginning...
For a short while last week it looked like stocks might finally snap their losing streak. Then Friday came, up-ending the effort. The best thing about that day’s session (for the bulls) is that it was so harshly bearish the stage is now set for a bounce. On the flipside, so much damage was done last week that it remains...
For a short while last week it looked like stocks might finally snap their losing streak. Then Friday came, up-ending the effort. The best thing about that day’s session (for the bulls) is that it was so harshly bearish the stage is now set for a bounce. On the flipside, so much damage was done last week that it remains...
Stocks may have ended the week on a high note, but consider the circumstances. The market had been shellacked the two days prior. The S&P 500 ended Thursday’s session down 2% for the week thus far. Even with Friday’s 1.1% lift, the index still lost nearly a full percentage point of its value for the five-day stretch. Perhaps more troubling...
Stocks may have ended the week on a high note, but consider the circumstances. The market had been shellacked the two days prior. The S&P 500 ended Thursday’s session down 2% for the week thus far. Even with Friday’s 1.1% lift, the index still lost nearly a full percentage point of its value for the five-day stretch. Perhaps more troubling...
The market showed a bit of predictable vulnerability two weeks ago. It clearly showed much more last week, by virtue of the biggest loss in months that snapped some — though not all — of the nearest technical support levels. The bearish jolt could spark a more serious wave of selling. That’s not the most alarming part of last week’s...
The market showed a bit of predictable vulnerability two weeks ago. It clearly showed much more last week, by virtue of the biggest loss in months that snapped some — though not all — of the nearest technical support levels. The bearish jolt could spark a more serious wave of selling. That’s not the most alarming part of last week’s...
The stock market may have notched yet-another weekly win last week. But, it was tainted. It’s downright alarming, in fact, hinting that the rally as near or at the point of exhaustion right where you’d expect it to hit a wall. Still, it’s not as if the market is fighting a battle it’s clearly losing. There’s room for a little...
BECOME A BIG TRENDS INSIDER NOW!
Trend Watch, TRENDSCORE, webinars, technical analysis e-book, and more!
