The market mustered another win last week, although this is the weakest of the last three weekly gains. The S&P 500 only finished the week up 1.0%, peeling back from its highs. The NASDAQ Composite peeled back even more. The volume behind the move wasn’t exactly staggering either. Traders are once again starting to doubt there’s a great deal more...
The market mustered another win last week, although this is the weakest of the last three weekly gains. The S&P 500 only finished the week up 1.0%, peeling back from its highs. The NASDAQ Composite peeled back even more. The volume behind the move wasn’t exactly staggering either. Traders are once again starting to doubt there’s a great deal more...
It was touch-and-go for the better part of last week, with stocks unable to break above long-established technical resistance. With a roaring start though, the market finally punched through on Friday. Now that it’s over this hump, the bulls have a much easier road ahead. That doesn’t change the fact that stocks are still technically overbought and arguably overvalued. The...
It was touch-and-go for the better part of last week, with stocks unable to break above long-established technical resistance. With a roaring start though, the market finally punched through on Friday. Now that it’s over this hump, the bulls have a much easier road ahead. That doesn’t change the fact that stocks are still technically overbought and arguably overvalued. The...
After stocks broke their eight-week win streak two weeks ago, the market recovered pretty well last week. Just don’t overreact or read too much into it. Neither of the indices actually hurdled an important technical level. There’s still a chance the stock market could tumble back into more serious trouble. On the flipside, both indices are back above a different...
After stocks broke their eight-week win streak two weeks ago, the market recovered pretty well last week. Just don’t overreact or read too much into it. Neither of the indices actually hurdled an important technical level. There’s still a chance the stock market could tumble back into more serious trouble. On the flipside, both indices are back above a different...
The market’s nine-week win streak firmly ended last week, with the S&P 500 tumbling 1.5%. That’s enough to start a setback, and there’s certainly plenty of room for more profit-taking from here. And yet, it’s still too soon to say the budding bull market is dead. It was due for a breather anyway. The bigger worry here is something bigger-picture....
The market’s nine-week win streak firmly ended last week, with the S&P 500 tumbling 1.5%. That’s enough to start a setback, and there’s certainly plenty of room for more profit-taking from here. And yet, it’s still too soon to say the budding bull market is dead. It was due for a breather anyway. The bigger worry here is something bigger-picture....
The market technically logged a ninth consecutive weekly gain during the final trading week of the year. But, it was the weakest gain of them all. It would be easy to assume the rally is running out of stream. And maybe it is. Or, maybe traders were just elsewhere during the holiday-shortened week that was book-ended by three-day weekends. Whatever...
The market technically logged a ninth consecutive weekly gain during the final trading week of the year. But, it was the weakest gain of them all. It would be easy to assume the rally is running out of stream. And maybe it is. Or, maybe traders were just elsewhere during the holiday-shortened week that was book-ended by three-day weekends. Whatever...
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