Stocks finished the week (and the month) on something of a high note, bouncing back from Friday’s intraday tumble to at least break even. Nevertheless, the holiday-shortened week was the first loser in the last six of them, making good on last Thursday’s red flag… the outside-day bearish reversal. It’s still too soon to presume the worst. As was already...
Despite Friday’s bounce from Thursday’s sizeable stumble, for the first time in five weeks the S&P 500 lost ground… although only the S&P 500. The NASDAQ Composite mustered its fifth-straight weekly win, reaching new record levels as a result. The S&P 500 itself also hit a new record even though it lost ground for the week. The interpretation isn’t complicated...
Despite Friday’s bounce from Thursday’s sizeable stumble, for the first time in five weeks the S&P 500 lost ground… although only the S&P 500. The NASDAQ Composite mustered its fifth-straight weekly win, reaching new record levels as a result. The S&P 500 itself also hit a new record even though it lost ground for the week. The interpretation isn’t complicated...
Another week, another win. That’s the fourth one in a row, further cementing this unlikely rally into place. Better still, the NASDAQ as well as the S&P 500 both cleared major technical hurdles, pushing them into territory where there’s no past history to hold them back. Perfect? No, there are some lingering concerns. A lack of volume behind the effort...
Another week, another win. That’s the fourth one in a row, further cementing this unlikely rally into place. Better still, the NASDAQ as well as the S&P 500 both cleared major technical hurdles, pushing them into territory where there’s no past history to hold them back. Perfect? No, there are some lingering concerns. A lack of volume behind the effort...
Stocks may have logged their third winning week in a row last week. But, it was hardly a decisive victory. The effort was losing steam on Friday, and for that matter, none of last week’s daily gains had a great deal of gusto. Namely, the volume behind the advance since October has never been convincing, but it was outright deteriorating...
Stocks may have logged their third winning week in a row last week. But, it was hardly a decisive victory. The effort was losing steam on Friday, and for that matter, none of last week’s daily gains had a great deal of gusto. Namely, the volume behind the advance since October has never been convincing, but it was outright deteriorating...
A tough week turned real bullish real fast on Friday thanks to a poor jobs report for April. Payroll growth came up short of expectations, pushing the unemployment rate up, and leading traders to believe the Fed may be cutting interest rates sooner than expected after all. That’s (perceived as being) bullish for stocks. Still, it might be a bit...
A tough week turned real bullish real fast on Friday thanks to a poor jobs report for April. Payroll growth came up short of expectations, pushing the unemployment rate up, and leading traders to believe the Fed may be cutting interest rates sooner than expected after all. That’s (perceived as being) bullish for stocks. Still, it might be a bit...
The bulls answered the call last week, pushing firmly back against the prior week’s rout. That is, the previous week’s 3.0% tumble, the S&P 500 bounced 2.7% last week. It’s a much-needed glimmer of hope. Just don’t grow too hopeful too soon. For all the effort, the market didn’t actually snap the selloff that began four weeks back. Last week’s...
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