Weekly Market Outlook – Stocks Are Hangin’ By a Thread, But It’s Still Enough

Stocks continued to lose ground last week, with the S&P 500 sliding 2.7% over the course of the holiday-shortened week. And yet, the recovery effort that got going near the end of last year is still intact. In fact, it may be better off following last week's lull than it would have been had it continued rolling higher. That's because...

Weekly Market Outlook – Stocks Are Hangin’ By a Thread, But It’s Still Enough

Stocks continued to lose ground last week, with the S&P 500 sliding 2.7% over the course of the holiday-shortened week. And yet, the recovery effort that got going near the end of last year is still intact. In fact, it may be better off following last week's lull than it would have been had it continued rolling higher. That's because...

Coinbase Slumps After Report; Chart Calls for Careful Trade

— Coinbase stock is getting hit hard after the crypto firm reported earnings. Here's where support might lie. — By Bret Kenwell, TheStreet.com When Coinbase (COIN) reported earnings on Tuesday after the close, the stock initially popped higher and the gains faded. Then at one point in Wednesday's regular session, the shares were up 9.1% — and again the sellers...

Here’s Where Home Depot Stock Has Support Amid Earnings Selloff

— Home Depot stock is under pressure following its earnings report. Here's where it may have support. — By Bret Kenwell, TheStreet.com It's not a great day in the stock market and it's a particularly bad day for Home Depot (HD) with the home-improvement retailer's shares down about 6% at last check following a disappointing quarterly update. While Home Depot...

It’s Still Too Soon to Panic… Even After Tuesday’s Drubbing

It certainly wasn't the start to the shortened trading week the bulls were hoping for. But, even with today's 2.0% tumble from the S&P 500 and 2.5% setback for the NASDAQ Composite, the rebound effort isn't broken yet. Take a look at the NASDAQ's chart to see why. Although the composite did break back under what used to be a...

On President’s Day… Where Is Biden’s Market vs. Where it Should Be?

— Stocks are right around where they should be at this point of Joe Biden's presidency. — With the market closed on Monday in observance of President's Day, we've got some time to look at things we often don't have a chance to look at. In this case, it's a review of how the stock market performs during the typical...

On President’s Day… Where Is Biden’s Market vs. Where it Should Be?

— Stocks are right around where they should be at this point of Joe Biden's presidency. — With the market closed on Monday in observance of President's Day, we've got some time to look at things we often don't have a chance to look at. In this case, it's a review of how the stock market performs during the typical...

Weekly Market Outlook – It’s Way Too Soon to Start Sweating

OK, stocks logged a loss last week… the second week in a row it happened. A couple of the indices even briefly traded under key technical floors on Friday. In some regards though, that lull may have been the very thing the bulls could have hoped for the most. The market was fighting back from Friday's early selloff when the...

Weekly Market Outlook – It’s Way Too Soon to Start Sweating

OK, stocks logged a loss last week… the second week in a row it happened. A couple of the indices even briefly traded under key technical floors on Friday. In some regards though, that lull may have been the very thing the bulls could have hoped for the most. The market was fighting back from Friday's early selloff when the...

The Dow’s About to Clear Its Biggest Hurdle

The S&P 500 as well as the NASDAQ Composite both made technical breakouts last month. But, the Dow Jones Industrial Average hasn’t followed suit. Yet. It could happen soon though. Take a look. Tuesday’s high of 34,331 is in line with Monday’s peak, as well as the early-February high, and as well as January’s peak. At the same time, investors...
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