By Dr. Arnout ter Schur, Investing.com Two weeks ago, see here; we found, based on our interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP): "… it appears the grey W-iii and W-iv were completed July 19 and 27, respectively, and the grey W-v to ideally $16110+/-25 is underway. But the index must break...
For the second week in a row stocks took a loss, although last week’s wasn’t as big as the prior one. It was also a lower-volume pullback… … except for the NASDAQ Composite. The tech-heavy index actually accelerated its slide, and did so on higher volume. It’s a hint that investors are specifically dumping their more aggressive growth names, perhaps...
For the second week in a row stocks took a loss, although last week’s wasn’t as big as the prior one. It was also a lower-volume pullback… … except for the NASDAQ Composite. The tech-heavy index actually accelerated its slide, and did so on higher volume. It’s a hint that investors are specifically dumping their more aggressive growth names, perhaps...
They were all the rage just a few days back. Now they can’t do much of anything right. The so-called “Magnificent 7” names like Alphabet, Amazon, Microsoft, and Apple are now in a rather steep decline. They’re selling off at a much faster rate than the rest of the market is. In fact, we’re possibly just one bad day away...
They were all the rage just a few days back. Now they can’t do much of anything right. The so-called “Magnificent 7” names like Alphabet, Amazon, Microsoft, and Apple are now in a rather steep decline. They’re selling off at a much faster rate than the rest of the market is. In fact, we’re possibly just one bad day away...
By Harris Miller, Investors.com KB Home (KBH) is the IBD Stock Of The Day for Thursday. KBH stock is building toward a buy point and trading near a 16-year high. Homebuilders have rallied aggressively this year, as rising interest rates have slowed sales of existing homes, driving demand and prices for newbuilt homes. The Building-Residential/Commercial industry group bolted nearly 42% so...
The Russell 2000 rejects the key resistance and threatens a fall back to the 1920 support. From ForexLive Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the...
Are you a believer in calendar-based tendencies? How about investors' ever-evolving presumptions about a (any) particular U.S. President? If the answer to either question is yes, keep reading. You're about to get some eye-opening, less-than-bullish information. Beginning with the end in mind, the next three and a half months could be anemic, sideways ones for the stock market. Regardless of...
Are you a believer in calendar-based tendencies? How about investors' ever-evolving presumptions about a (any) particular U.S. President? If the answer to either question is yes, keep reading. You're about to get some eye-opening, less-than-bullish information. Beginning with the end in mind, the next three and a half months could be anemic, sideways ones for the stock market. Regardless of...
By Lance Roberts, Investing.com “The stock market is not the economy.” Such is the latest rationalization to support the “bull market” narrative. The question, however, is the validity of the statement. During the 2020 economic shutdown and surging market rebound, I stated: “There is currently a ‘Great Divide’ happening between the near ‘depressionary’ economy versus a surging bull market in...
