With this past weekend’s Weekly Market Outlook we cautioned a pullback was possible, even if it wasn’t going to go anywhere. Things are proceeding according to that prospective plan. As was also noted as a possibility though, the weakness had a great chance of being short-lived. We’re seeing that too. Take a look at the daily chart of the S&P...
With this past weekend’s Weekly Market Outlook we cautioned a pullback was possible, even if it wasn’t going to go anywhere. Things are proceeding according to that prospective plan. As was also noted as a possibility though, the weakness had a great chance of being short-lived. We’re seeing that too. Take a look at the daily chart of the S&P...
— Oil prices are way more important than the Federal Reserve right now — By Michael A. Gayed, Investorplace Source: stockwars / Shutterstock.com Personally, I’m tired of the focus on Jerome Powell and the Federal Reserve. We just went through the fastest rate hike cycle in history, and any incremental rate hikes now matter far less than the lagged effects...
Stocks logged a pretty big win last week, with the S&P 500 gaining 2.5% when all was said and done. It was the second weekly win in a row, reversing a rather rough three-week selloff. And, last week as the bigger win of the two, suggesting acceleration to higher highs. Don’t be too quick to jump to that conclusion, however....
Stocks logged a pretty big win last week, with the S&P 500 gaining 2.5% when all was said and done. It was the second weekly win in a row, reversing a rather rough three-week selloff. And, last week as the bigger win of the two, suggesting acceleration to higher highs. Don’t be too quick to jump to that conclusion, however....
Earlier in the week we talked about the importance of seeing shapes in and on stock charts. Just as important is seeing and understanding the shape a single bar. That is today, the any bar’s (one single day, on a daily chart) open, high, low, and close can tell you a good deal about what’s likely to happen next. When...
Earlier in the week we talked about the importance of seeing shapes in and on stock charts. Just as important is seeing and understanding the shape a single bar. That is today, the any bar’s (one single day, on a daily chart) open, high, low, and close can tell you a good deal about what’s likely to happen next. When...
Are your trading clues and cues too complicated to be consistently effective? It’s certainly not unheard of. It’s all-too-easy to worry so much about the trees that we forget to look for the forest. Here’s a reminder not to fall into that trap using the real-life example Procter & Gamble (PG) stock is providing right now. The premise here is...
Are your trading clues and cues too complicated to be consistently effective? It’s certainly not unheard of. It’s all-too-easy to worry so much about the trees that we forget to look for the forest. Here’s a reminder not to fall into that trap using the real-life example Procter & Gamble (PG) stock is providing right now. The premise here is...
The market ended last week on a high note, bouncing back from an intraday loss on Friday to log a decent gain… for the day as well as the week. Nevertheless, the damage that was done over the course of the prior three weeks is still done. All of the indices are still trading below key technical ceilings, and the...
