Despite the rocky start to the week, the bulls finally got on… well, got on their horses to push the market to yet-another new high. Perhaps more important, the NASDAQ Composite finally punched through a major technical ceiling that frees it up to keep moving higher. And yet, both of the indices are once again testing other resistance lines. That’s...
Despite the rocky start to the week, the bulls finally got on… well, got on their horses to push the market to yet-another new high. Perhaps more important, the NASDAQ Composite finally punched through a major technical ceiling that frees it up to keep moving higher. And yet, both of the indices are once again testing other resistance lines. That’s...
Stocks bounced back from the setback a week earlier. But, the advance was less than ideal. The S&P 500 slowed down late in the week when a well-established technical ceiling was tested again. That doesn’t mean the bigger-picture advance is done. In fact, the S&P 500 is trapped nicely between rising support and resistance lines. That’s bullish to be sure....
Stocks bounced back from the setback a week earlier. But, the advance was less than ideal. The S&P 500 slowed down late in the week when a well-established technical ceiling was tested again. That doesn’t mean the bigger-picture advance is done. In fact, the S&P 500 is trapped nicely between rising support and resistance lines. That’s bullish to be sure....
We warned you a week ago that stocks had rallied too far, too fast. Last week they paid the price. The S&P 500 lost 0.4% of its value over the course of the prior five trading days. That’s not a lot. In fact, the market reclaimed much of what it had last on Tuesday following an alarming inflation report (more...
We warned you a week ago that stocks had rallied too far, too fast. Last week they paid the price. The S&P 500 lost 0.4% of its value over the course of the prior five trading days. That’s not a lot. In fact, the market reclaimed much of what it had last on Tuesday following an alarming inflation report (more...
That’s five in a row. With last week’s 1.4% advance, the S&P 500 is up 7.0% for the five-week stretch. The market is just rolling. On the other hand, with last week’s romp the index is now bumping into pretty-well-established technical resistance. It’s going to take something pretty special “umph” to keep things going. That’s even more the case in...
That’s five in a row. With last week’s 1.4% advance, the S&P 500 is up 7.0% for the five-week stretch. The market is just rolling. On the other hand, with last week’s romp the index is now bumping into pretty-well-established technical resistance. It’s going to take something pretty special “umph” to keep things going. That’s even more the case in...
Not every day was a winner last week. In fact, Wednesday was a decided loser after traders panicked over the Fed’s decision to dial back its dovishness. (That is to say, a spate of interest rate cuts isn’t a foregone conclusion.) Once they had a chance to regroup though, Thursday’s and Friday’s buying carried to the S&P 500 to yet-another...
Not every day was a winner last week. In fact, Wednesday was a decided loser after traders panicked over the Fed’s decision to dial back its dovishness. (That is to say, a spate of interest rate cuts isn’t a foregone conclusion.) Once they had a chance to regroup though, Thursday’s and Friday’s buying carried to the S&P 500 to yet-another...
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