Another week, another win. The market logged a third consecutive weekly gain last week, with the most recent one accelerating from the prior one’s slower pace. Thanks to last week’s 2.2% advance, the S&P 500 is now 9.7% above its late October low. That’s a lot of ground to cover in that short amount of time. The scope of this...
Another week, another win. The market logged a third consecutive weekly gain last week, with the most recent one accelerating from the prior one’s slower pace. Thanks to last week’s 2.2% advance, the S&P 500 is now 9.7% above its late October low. That’s a lot of ground to cover in that short amount of time. The scope of this...
Two weeks ago the market was hanging on for dear life. One week ago stocks were knocking on the door of a bullish breakout. Now, the stock market is above the last of any prospective technical ceilings. That’s how quickly things can change in this game. Now what? Well, as was noted, the market really is breaking out. On the...
Two weeks ago the market was hanging on for dear life. One week ago stocks were knocking on the door of a bullish breakout. Now, the stock market is above the last of any prospective technical ceilings. That’s how quickly things can change in this game. Now what? Well, as was noted, the market really is breaking out. On the...
Wow. What a week! The S&P 500 rallied 6.0% over the course of the past five trading days, marking the index’s best week since June… of 2022. The bulls didn’t even hesitate to sharply and decidedly reverse the downtrend well underway the week before. As the old adage goes though, if it seems too good to be true, then it...
Wow. What a week! The S&P 500 rallied 6.0% over the course of the past five trading days, marking the index’s best week since June… of 2022. The bulls didn’t even hesitate to sharply and decidedly reverse the downtrend well underway the week before. As the old adage goes though, if it seems too good to be true, then it...
By Jim Van Meerten, Barchart The Chart of the Day belongs to the computer hardware company Logitech (LOGI) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts...
Stocks started last week off on a bullish foot. But, the move wasn’t built to last. As the week wore on and a few too many earnings reports raised a few too many red flags, the market broker under a few too many more support levels. There’s little — maybe nothing — to latch onto now. The indices may have...
Stocks started last week off on a bullish foot. But, the move wasn’t built to last. As the week wore on and a few too many earnings reports raised a few too many red flags, the market broker under a few too many more support levels. There’s little — maybe nothing — to latch onto now. The indices may have...
How does the old saying go? If you play with fire long enough, you’ll eventually get burned? Well, for several days now stocks have been playing with fire. On Wednesday they got burned. They were burned badly enough, in fact, that the market might be forced to move all the way through a full-blown correction. That’s not the end of...
