How long does it take to remind investors that stocks don't go up indefinitely? A week (or less). Catching some traders off guard despite some impressive earnings reports, the S&P 500 lost 3.5% of its value last week. It remains to be seen if this is the beginning of a long-overdue correction. It's worth noting, however, that this is what...
How long does it take to remind investors that stocks don't go up indefinitely? A week (or less). Catching some traders off guard despite some impressive earnings reports, the S&P 500 lost 3.5% of its value last week. It remains to be seen if this is the beginning of a long-overdue correction. It's worth noting, however, that this is what...
Technical analyst Carter Worth of Cornerstone Macro is watching a trendline from the market's lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 points, or 7.7 percent from its all-time high hit last Friday of 2,872.87. "That is a very reasonable thing to, I...
Technical analyst Carter Worth of Cornerstone Macro is watching a trendline from the market's lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 points, or 7.7 percent from its all-time high hit last Friday of 2,872.87. "That is a very reasonable thing to, I...
There's no denying the market's been unusually, almost dangerously bullish since November of last year. We've now gone 81 weeks without a correction of 5% or more, and it seems like the gains are accelerating. Making a bet based on nothing more than the calendar is never a bulletproof idea, but it's especially dangerous right now. Yet, the reality is,...
There's no denying the market's been unusually, almost dangerously bullish since November of last year. We've now gone 81 weeks without a correction of 5% or more, and it seems like the gains are accelerating. Making a bet based on nothing more than the calendar is never a bulletproof idea, but it's especially dangerous right now. Yet, the reality is,...
– As stocks rise, doubts and inhibitions fade, and we begin wanting and expecting higher returns – By Howard Gold, MarketWatch When stocks fell 2% over Monday and Tuesday, pundits were quick to give their “explanations.” Aha, Amazon Berkshire Hathaway and JPMorgan Chase were banding together to upend the health care market. Aha, the 10-year Treasury note’s yield had crept...
– As stocks rise, doubts and inhibitions fade, and we begin wanting and expecting higher returns – By Howard Gold, MarketWatch When stocks fell 2% over Monday and Tuesday, pundits were quick to give their “explanations.” Aha, Amazon Berkshire Hathaway and JPMorgan Chase were banding together to upend the health care market. Aha, the 10-year Treasury note’s yield had crept...
By Keris Lahiff, CNBC The nearly 400-point tumble in the Dow is something we haven't seen in a while. Rather than panic, investors would be wise to roll with the punches, says Scott Wren, senior global equity strategist at Wells Fargo. These days, big swings are bound to become more common. "You've got to get used to this – maybe...
By Keris Lahiff, CNBC The nearly 400-point tumble in the Dow is something we haven't seen in a while. Rather than panic, investors would be wise to roll with the punches, says Scott Wren, senior global equity strategist at Wells Fargo. These days, big swings are bound to become more common. "You've got to get used to this – maybe...
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