Weekly Market Outlook – Another Weekly Win… With a Major Footnote

Stocks logged a second weekly gain in a row, extending an uptrend that's been well underway since March. All told, the S&P 500 new sits 18% above that low, reaching another 52-week high last week. It was hardly the kind of power bulls want to see here, however. The market wasn't able to hold on to its intraweek high, and...

Sector Spotlight: 2 Industries Close to Explosive Bullishness

— A narrow group of stocks could soon be soaring thanks to their peers' bullishness. — If you're looking for some budding bullishness in this overbought environment, look to the food retailing and healthcare equipment industries. Neither are flying yet. But, both are close. One more nudge could do the trick, given their technical shape made since early 2020. That's...

Sector Spotlight: 2 Industries Close to Explosive Bullishness

— A narrow group of stocks could soon be soaring thanks to their peers' bullishness. — If you're looking for some budding bullishness in this overbought environment, look to the food retailing and healthcare equipment industries. Neither are flying yet. But, both are close. One more nudge could do the trick, given their technical shape made since early 2020. That's...

Weekly Market Outlook – The Unlikely Summertime Romp Continues

The market didn't end last week on a particularly high note. It just doesn't matter. Stocks were ripping higher the rest of the week, carrying the S&P 500 to a 2.4% gain for the five-day stretch. The market's now as high as it's been since April of last year, when it was on its way down to begin what would...

Weekly Market Outlook – The Unlikely Summertime Romp Continues

The market didn't end last week on a particularly high note. It just doesn't matter. Stocks were ripping higher the rest of the week, carrying the S&P 500 to a 2.4% gain for the five-day stretch. The market's now as high as it's been since April of last year, when it was on its way down to begin what would...

Russell 2000, S&P 500, Nasdaq Pullback: Temporary Pause or Trend Reversal?

By Declan Fallon, Investing.com It was inevitable sellers would come in to pick at the breakout, and they did so with aplomb, but not before they left behind some bullish signs. Last Friday was not an options expiration day, so volume ranked as distribution, but no support level was challenged by the close of business. The biggest selling was found...

Tech Sector and NASDAQ Index Investors Should Mark July 24th on Their Calendars

If you own one of the market's biggest technology names are follow (or trade) NASDAQ-based instruments like the NASDAQ 100 Trust ETF (QQQQ), brace yourself for some serious action on Monday, July 24th. The index is going to undergo some serious rebalancing then. The move will take the biggest toll on the seven biggest NASDAQ-listed companies. Conversely, it may prove...

Tech Sector and NASDAQ Index Investors Should Mark July 24th on Their Calendars

If you own one of the market's biggest technology names are follow (or trade) NASDAQ-based instruments like the NASDAQ 100 Trust ETF (QQQQ), brace yourself for some serious action on Monday, July 24th. The index is going to undergo some serious rebalancing then. The move will take the biggest toll on the seven biggest NASDAQ-listed companies. Conversely, it may prove...
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