After stocks broke their eight-week win streak two weeks ago, the market recovered pretty well last week. Just don’t overreact or read too much into it. Neither of the indices actually hurdled an important technical level. There’s still a chance the stock market could tumble back into more serious trouble. On the flipside, both indices are back above a different...
After stocks broke their eight-week win streak two weeks ago, the market recovered pretty well last week. Just don’t overreact or read too much into it. Neither of the indices actually hurdled an important technical level. There’s still a chance the stock market could tumble back into more serious trouble. On the flipside, both indices are back above a different...
The market’s nine-week win streak firmly ended last week, with the S&P 500 tumbling 1.5%. That’s enough to start a setback, and there’s certainly plenty of room for more profit-taking from here. And yet, it’s still too soon to say the budding bull market is dead. It was due for a breather anyway. The bigger worry here is something bigger-picture....
The market’s nine-week win streak firmly ended last week, with the S&P 500 tumbling 1.5%. That’s enough to start a setback, and there’s certainly plenty of room for more profit-taking from here. And yet, it’s still too soon to say the budding bull market is dead. It was due for a breather anyway. The bigger worry here is something bigger-picture....
The market technically logged a ninth consecutive weekly gain during the final trading week of the year. But, it was the weakest gain of them all. It would be easy to assume the rally is running out of stream. And maybe it is. Or, maybe traders were just elsewhere during the holiday-shortened week that was book-ended by three-day weekends. Whatever...
The market technically logged a ninth consecutive weekly gain during the final trading week of the year. But, it was the weakest gain of them all. It would be easy to assume the rally is running out of stream. And maybe it is. Or, maybe traders were just elsewhere during the holiday-shortened week that was book-ended by three-day weekends. Whatever...
Another week, another win. That makes the eighth in a row, and while last week’s wasn’t as big as the one from the week before, it was still sizeable. The cup-and-handle breakout thrust from two weeks back is still underway. There are some red flags starting to wave though. For instance, Wednesday’s selloff was the biggest single-day loss suffered since...
Another week, another win. That makes the eighth in a row, and while last week’s wasn’t as big as the one from the week before, it was still sizeable. The cup-and-handle breakout thrust from two weeks back is still underway. There are some red flags starting to wave though. For instance, Wednesday’s selloff was the biggest single-day loss suffered since...
Last week we pointed out both of the major market indexes had formed a cup-and-handle pattern, setting the stage for rekindled bullishness. Stocks just needed break above the cup’s brim line to get that ball rolling. That happened on Monday, and the buyers never looked back. With the move underway, the doors are opened up to higher highs again. The...
Last week we pointed out both of the major market indexes had formed a cup-and-handle pattern, setting the stage for rekindled bullishness. Stocks just needed break above the cup’s brim line to get that ball rolling. That happened on Monday, and the buyers never looked back. With the move underway, the doors are opened up to higher highs again. The...
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