Another week, another win. That makes the eighth in a row, and while last week’s wasn’t as big as the one from the week before, it was still sizeable. The cup-and-handle breakout thrust from two weeks back is still underway. There are some red flags starting to wave though. For instance, Wednesday’s selloff was the biggest single-day loss suffered since...
Another week, another win. That makes the eighth in a row, and while last week’s wasn’t as big as the one from the week before, it was still sizeable. The cup-and-handle breakout thrust from two weeks back is still underway. There are some red flags starting to wave though. For instance, Wednesday’s selloff was the biggest single-day loss suffered since...
Last week we pointed out both of the major market indexes had formed a cup-and-handle pattern, setting the stage for rekindled bullishness. Stocks just needed break above the cup’s brim line to get that ball rolling. That happened on Monday, and the buyers never looked back. With the move underway, the doors are opened up to higher highs again. The...
Last week we pointed out both of the major market indexes had formed a cup-and-handle pattern, setting the stage for rekindled bullishness. Stocks just needed break above the cup’s brim line to get that ball rolling. That happened on Monday, and the buyers never looked back. With the move underway, the doors are opened up to higher highs again. The...
Thanks to some last-minute heroics, stocks eked out a sixth-straight weekly win last week. As has been the case for the past three of these weeks now, however, the rally is slowing down. And, neither of the key market indices we follow has convincingly hurdled their major technical resistance levels. Translation: We’re not out of the woods yet, as we...
Thanks to some last-minute heroics, stocks eked out a sixth-straight weekly win last week. As has been the case for the past three of these weeks now, however, the rally is slowing down. And, neither of the key market indices we follow has convincingly hurdled their major technical resistance levels. Translation: We’re not out of the woods yet, as we...
The market managed to make yet-another gain last week… the fifth in a row. But, it’s clearly losing momentum. Then again, now up nearly 12% from its late-October low, it could be expected to pause for a breather here. There is one important red flag worth noting, however. That’s where the S&P 500 as well as the NASDAQ stopped rallying...
The market managed to make yet-another gain last week… the fifth in a row. But, it’s clearly losing momentum. Then again, now up nearly 12% from its late-October low, it could be expected to pause for a breather here. There is one important red flag worth noting, however. That’s where the S&P 500 as well as the NASDAQ stopped rallying...
The Thanksgiving holiday may have kept market activity to a minimum this past week. But, as is usually the case, what little action there was this week leaned in a bullish direction. The S&P 500 closed about 1% higher for the full week on Friday, marking the fourth consecutive week of gains. While the tide may still be moving in...
The Thanksgiving holiday may have kept market activity to a minimum this past week. But, as is usually the case, what little action there was this week leaned in a bullish direction. The S&P 500 closed about 1% higher for the full week on Friday, marking the fourth consecutive week of gains. While the tide may still be moving in...
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