Yes, as was largely expected, the market finally bounced back from a brutal beating last week. The S&P 500 clawed back 3.4% its value during the holiday-shortened stretch, in fact. Just don’t jump the gun. Stocks didn’t actually snap the technical downtrend. In fact, the advance suspiciously halted right as some major lines began being tested, suggesting the bulls were...
Yes, as was largely expected, the market finally bounced back from a brutal beating last week. The S&P 500 clawed back 3.4% its value during the holiday-shortened stretch, in fact. Just don’t jump the gun. Stocks didn’t actually snap the technical downtrend. In fact, the advance suspiciously halted right as some major lines began being tested, suggesting the bulls were...
Another lousy week, with each one seemingly worse than the last now. When all was said and done, the S&P 500 lost 2.1% last week to close at a new multi-month low on Friday. There’s an argument to be made that the selloff was so ugly by Friday that the correction has run its full course. It’s just not a...
Another lousy week, with each one seemingly worse than the last now. When all was said and done, the S&P 500 lost 2.1% last week to close at a new multi-month low on Friday. There’s an argument to be made that the selloff was so ugly by Friday that the correction has run its full course. It’s just not a...
After tiptoeing on the edge for weeks, stocks finally fell off the cliff. Conflict in the Middle East and interest rates were cited as the catalysts (and to some extent they were). Traders who are being intellectually honest, however, can see that last week’s technical breakdown was actually set up and put into motion weeks ago. The key question is...
After tiptoeing on the edge for weeks, stocks finally fell off the cliff. Conflict in the Middle East and interest rates were cited as the catalysts (and to some extent they were). Traders who are being intellectually honest, however, can see that last week’s technical breakdown was actually set up and put into motion weeks ago. The key question is...
Most everyone had a feeling something like this was apt to happen sooner or later. Now it’s happening. The S&P 500 fell another 1.6% last week, closing at its worst weekly close since mid-November, and more than 5% below its December/January peak. Now that the bears got the ball rolling, it’s going to be tough to stop it anytime. This...
Most everyone had a feeling something like this was apt to happen sooner or later. Now it’s happening. The S&P 500 fell another 1.6% last week, closing at its worst weekly close since mid-November, and more than 5% below its December/January peak. Now that the bears got the ball rolling, it’s going to be tough to stop it anytime. This...
You can only play with fire for so long before getting burned. That’s finally what happened last week. After several weeks’ worth of no progress while pressure was repeatedly put on moving average lines as technical support levels, they finally buckled. With some help from the conflict in the Middle East, the S&P 500 fell nearly 2% last week, breaking...
You can only play with fire for so long before getting burned. That’s finally what happened last week. After several weeks’ worth of no progress while pressure was repeatedly put on moving average lines as technical support levels, they finally buckled. With some help from the conflict in the Middle East, the S&P 500 fell nearly 2% last week, breaking...
