Warning Alarm Or Healthy Pullback? – Weekly Market Outlook The BigTrends TrendScore is a daily reading on the bullish/bearish level of various market assets – it uses the S&P 500 Index (SPX) (SPY) as a proxy for the broad market. The SPY TrendScore fell out of the bullish range for the first time since early/mid August on last Thursday, but did close back into...
Long-Term Uptrend Remains Intact – Weekly Market Outlook While Friday wasn’t a particularly great day for stocks, the week itself was a winner on the heels a Goldilocks assessment from Janet Yellen and her cohorts at the Federal Reserve. While the economy isn’t yet strong enough to end the bond-buying program cold turkey, it’s also not weak enough that the...
NASDAQ Concerns – Market Outlook Monday’s loss may not have been a big one, but it certainly wasn’t an encouraging step in the right direction following last week’s dip, with a Fed meeting still on tap this week. Yet, it’s not like the market has fallen over the edge of a cliff – there’s still a way the bulls could figure...
Walking The High Wire – Weekly Market Outlook The bulls appear to be in charge, judging from Friday’s bullish kick… bullishness that formed despite a lethargic week and despite the fact that stocks are still overbought from August’s big runup. Yet, being bearish or bullish at this point isn’t just a matter of taking the market’s current temperature. The upside...
Avoid Overexuberance As September Begins – Weekly Market Outlook Although it was a low volume week, the bulls clearly outnumbered the bears last week. The S&P 500 (SPX) (SPY) managed to close at a record high close on Friday after hitting a record intraday-high on Thursday. Well supported or not, the momentum continues to carry us higher. The advent of...
Will Last Week’s Breakout Stick? – Weekly Market Outlook The market may have gotten last week started with a bang, breaking past some key resistance levels. Stocks didn’t end the week with quite as much zeal, however. Maybe it was just some pre-weekend precautionary selling. Or, maybe the rally is already out of gas. We’ll talk about the most likely...
Bullish Undertones After Recent Weakness – Weekly Market Outlook While Friday may have been a bullish day that pulled the market away from the side of the cliff at the last minute, it’s still premature to say all is well; there’s still plenty of opportunity for the bears to growl again and push the broad market back into a downtrend. ...
Valuation Trepidation – Weekly Market Outlook Ouch. Not that traders didn’t have an inkling the market was overbought and perhaps poised for stumble, but few saw coming the suddenness and size of Thursday’s drubbing. However it materialized, we have no choice but to at least entertain the possibility that this is the beginning of a much more significant pullback. We’ll...
Busy Week On Tap – Weekly Market Outlook Although the market’s uptrend may still technically be intact, there’s no denying it’s in question now. The very day after the S&P 500 (SPX) (SPY) pushed its way past a key resistance line, it also fell back under it … in spades. That pullback didn’t crush the uptrend, but we’re close to...
SPX 20 Day MA Violated, What Does It Mean? – Weekly Market Outlook Although the week ended on a bullish note, it remains to be seen if Friday’s bounce was anything more than a temporary dead-cat bounce. The bulls are still on the defensive here, and will need to prove themselves before stocks can get back into their prior bullish...
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