High Volume Selloffs – Weekly Market Outlook The good news is, the bulls halted the pullback started two weeks ago. The bad news is, once we hit record highs on Friday, the bears pulled the rug out from underneath the rally. Although all the major indices ended last week with a gain, they also ended last week pointed in the...
Time For Bulls To Be Skeptical – Weekly Market Outlook After five weeks of bullishness that took stocks to record highs, it didn’t come as a complete surprise to see the market take a modest tumble last week. All told, the S&P 500 (SPX) (SPY) slipped 1.9% over the course of last week, breaking back under a key line in the...
Concerning Doji Bar Amid All-Time Highs – Weekly Market Outlook Although the market didn’t go anywhere during the latter half of last week, Tuesday’s surge – fueled by the lack of military action in Ukraine – was big enough to more than offset Monday’s loss and the inaction seen after Tuesday. Better still, there was a subtle clue given last week...
March Is Historically A Bullish Month – Weekly Market Outlook It may have been modest, but the modest move made by the market last week pushed stocks above a very significant hurdle, which has big implications from here. In other words, don’t let the small size of last week’s gain fool you – it was a big deal, and may have...
Bullish Pivot – Weekly Market Outlook Another winning week for the market, this one being much better than the prior one. All told, the S&P 500 (SPX) (SPY) followed through on the reversal clues it gave us two weeks ago, rallying 2.3% last week. Now that the ball is rolling again, does the market have what it takes to keep going?...
Dragonfly Doji – Weekly Market Outlook Despite last Monday’s decimation and Tuesday’s and Wednesday’s go-nowhere sessions, a strong Thursday and Friday meant the market managed to make a gain last week. In fact, last week’s bar (in its entirety) has many of the tell-tale signs of a bullish reversal. So are these bullish clues telling us our current situation is...
No Snapback Rally & A Rising VIX – Weekly Market Outlook The good news is, last week’s weakness wasn’t as harsh as the big pullback from two weeks ago was. The bad news is, it’s not like the market snapped back into rally mode. All told, the S&P 500 (SPX) (SPY) fell another 0.4%, with the bulls not nibbling on...
Approaching Key Downside Levels – Weekly Market Outlook How do you put last week in perspective? “The worst week since May of 2012” should do the trick. On second thought, maybe even that doesn’t do it justice. You may recall that in May of 2012, the United States was posting some terribly alarming job-growth figures (just 69,000 non-farm jobs were...
‘Slow Enough’ Rally – Weekly Market Outlook It was a bit of a back and forth week last week, starting bearishly, rebounding in the middle of the week, and then fizzling as trading came to a close in front of the three day weekend. When it was all said and done, however, the S&P 500 (SPX) (SPY) posted a pretty...
Cautiously Optimistic Here – Weekly Market Outlook It wasn’t a riveting gain, but it was a still a gain. The S&P 500 (SPX) (SPY) was able to eke out a 0.6% advance last week, renewing hopes that we’d be able to sidestep an overdue correction and instead keep chugging higher. Yet, there’s a red flag waving in the background again. We’ll...
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