Stocks suffered a loss last week… the biggest one in a while, in fact. Perhaps worse, the move shattered what had become a pretty impressive technical support level. There’s still a decent chance, however, the market could bounce back into bullish form without moving lower first. It’s just that we’re very, very close to reaching the point where that feat...
Stocks suffered a loss last week… the biggest one in a while, in fact. Perhaps worse, the move shattered what had become a pretty impressive technical support level. There’s still a decent chance, however, the market could bounce back into bullish form without moving lower first. It’s just that we’re very, very close to reaching the point where that feat...
Following through on the prior week’s rebound, stocks (mostly) made more progress last week despite ir being shortened by the holiday. The longer-term uptrend is still alive and well. Ergo, we remain bullish. Also know that April and May are — on average — firmly bullish more often than not. There’s decent reason to believe more upside is possible. And,...
Following through on the prior week’s rebound, stocks (mostly) made more progress last week despite ir being shortened by the holiday. The longer-term uptrend is still alive and well. Ergo, we remain bullish. Also know that April and May are — on average — firmly bullish more often than not. There’s decent reason to believe more upside is possible. And,...
For a couple of weeks it looked like the market might finally succumb to the weight of its recent gains. But, the bulls were able to put the rally back in gear before it completely stalled. The S&P 500 advanced 2.3% last week, reaching another record high in the process. In short, the rally is still alive. Better still, the...
For a couple of weeks it looked like the market might finally succumb to the weight of its recent gains. But, the bulls were able to put the rally back in gear before it completely stalled. The S&P 500 advanced 2.3% last week, reaching another record high in the process. In short, the rally is still alive. Better still, the...
Stocks suffered another loss last week… albeit a small one. And, depending the index, no serious damage was done. Moreover, in the one case where a key floor did finally start to break, several more are still below, waiting to stop the bleeding. And it all may mean nothing anyway. Friday was an option expiration day, forcing a lot of...
Stocks suffered another loss last week… albeit a small one. And, depending the index, no serious damage was done. Moreover, in the one case where a key floor did finally start to break, several more are still below, waiting to stop the bleeding. And it all may mean nothing anyway. Friday was an option expiration day, forcing a lot of...
Friday’s jobs report eventually tipped the stock market back into the red for the week. Or, maybe that wasn’t the reason, but rather, just the trigger. Perhaps stocks were going to peak and pull back on Friday either way. All it took was a kiss of a couple of well-established technical ceilings to get the ball rolling. The good news?...
Friday’s jobs report eventually tipped the stock market back into the red for the week. Or, maybe that wasn’t the reason, but rather, just the trigger. Perhaps stocks were going to peak and pull back on Friday either way. All it took was a kiss of a couple of well-established technical ceilings to get the ball rolling. The good news?...
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