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...
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...
Wow. That was… intense. We knew the market was already under fire headed into last week, having fallen a total of 2.5% over the course of the prior two weeks. The S&P 500 took a hefty 3.0% tumble last week alone though, snapping several important technical support levels in the process. The best thing going for the bulls now is...
Wow. That was… intense. We knew the market was already under fire headed into last week, having fallen a total of 2.5% over the course of the prior two weeks. The S&P 500 took a hefty 3.0% tumble last week alone though, snapping several important technical support levels in the process. The best thing going for the bulls now is...
For the second week in a row, stocks suffered losses. And this time around the market was dragged to the brink of implosion… all the way to the brink, but not past it. It’s close though. It’s so close, in fact, that one more bad day could do the trick and push the indexes below key technical floors. We’re not...
For the second week in a row, stocks suffered losses. And this time around the market was dragged to the brink of implosion… all the way to the brink, but not past it. It’s close though. It’s so close, in fact, that one more bad day could do the trick and push the indexes below key technical floors. We’re not...
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