If it feels like the market is yankin’ your chain, that’s because it is. At least in a manner of speaking. For the umpteenth week in a row, stocks reversed course on an intraweek basis, defying any wish that it would just pick a direction and keep moving in it. We’re still as on-the-fence as we’ve been since mid-January, without...
If it feels like the market is yankin’ your chain, that’s because it is. At least in a manner of speaking. For the umpteenth week in a row, stocks reversed course on an intraweek basis, defying any wish that it would just pick a direction and keep moving in it. We’re still as on-the-fence as we’ve been since mid-January, without...
Well done bulls! The market started last week’s trading on the verge of a pretty serious technical breakdown. After an uncertain start, it found a way to fight its way back from the brink, and even ended the week on a high note… with people buying stocks headed into the weekend, largely in response to the Supreme Court’s decision to...
Well done bulls! The market started last week’s trading on the verge of a pretty serious technical breakdown. After an uncertain start, it found a way to fight its way back from the brink, and even ended the week on a high note… with people buying stocks headed into the weekend, largely in response to the Supreme Court’s decision to...
Despite Friday’s best efforts from the bulls, the market just wasn’t able to unwind the damage done earlier in the week. Even if the economy appears to be doing “OK,” stocks as a whole are now is some pretty serious trouble… almost. There are a couple of final straws to put in place before the weight of the brewing correction...
Despite Friday’s best efforts from the bulls, the market just wasn’t able to unwind the damage done earlier in the week. Even if the economy appears to be doing “OK,” stocks as a whole are now is some pretty serious trouble… almost. There are a couple of final straws to put in place before the weight of the brewing correction...
Despite the steep selloff in the middle of the week, the S&P 500’s recovery on Friday was enough to bring it back to a breakeven for the week. The NASDAQ Composite? Not so – it did end up in the red, closing under a pretty important technical support level that had been acting as a pretty reliable floor. Even so,...
Despite the steep selloff in the middle of the week, the S&P 500’s recovery on Friday was enough to bring it back to a breakeven for the week. The NASDAQ Composite? Not so – it did end up in the red, closing under a pretty important technical support level that had been acting as a pretty reliable floor. Even so,...
Another week without any real progress outside of what’s now become a very narrow trading range. We would have hoped/expected some catapult-like action out of it by now. But, no such luck. Still, the ultimate impact of the lack of net action is an even more explosive move once one side of the table or the other finally commits. And,...
Another week without any real progress outside of what’s now become a very narrow trading range. We would have hoped/expected some catapult-like action out of it by now. But, no such luck. Still, the ultimate impact of the lack of net action is an even more explosive move once one side of the table or the other finally commits. And,...
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