Have The Bears Wrestled Control Of January? – Weekly Market Outlook While there was only one particularly bad day last week, one bad day was enough. The market’s close on Friday was a half-percent lower than the prior Friday’s close, getting stocks started on the wrong foot for 2014. And, the near-term bottom may not have yet been found —...
New Year Brings A New Trend? – Weekly Market Outlook The Santa Claus rally is in full swing this year. Even with the market being closed on Wednesday (and half of Tuesday), the S&P 500 (SPX) (SPY) managed to advance 1.26% last week, reaching further into new-high territory. If the norm for this time of year repeats itself, the bulls...
Hot January Looms, But Watch Valuations – Weekly Market Outlook It may have taken a couple of days to get up to speed, and it even took an extra nudge to get it over the hump. But, the S&P 500 (SPX) (SPY) finally did it. The market finally punched through a key resistance level last week, getting into position thanks...
Pivotal Week Ahead – Weekly Market Outlook Kudos to the bulls for quickly stopping the bleeding after Wednesday’s decimation; the market didn’t really budge on Thursday or Friday. On the other hand, the damage has been done. Was it enough to tip the scales all the way to the bearish side of things? It depends who you ask. We’ll explain exactly...
The Real Employment Picture Isn’t As Rosy As You Might Think – Weekly Market Outlook Without a day to spare, the bulls stepped up to the plate on Friday, undoing some pretty big technical damage the market had suffered over the course of the first four days of the week. Will it be enough to reignite the uptrend that’s been...
Cautiously Bullish & Watch The VIX – Weekly Market Outlook Technically speaking, the bulls remained in charge last week, even with the sizeable pullback late Friday. But, it was such a low-volume feeble effort we may as well not even count it. The S&P 500 (SPX) (SPY) closed up 1.05 points (+0.005%), telling us nothing about traders’ intentions or mindset over...
VIX Getting Scary Low – Weekly Market Outlook Though the market may have gotten off to a slow start last week, it certainly finished strong. All told, the S&P 500 (SPX) (SPY) advanced 1.55% last week, once again hitting record highs. As has been the case several times in recent months, however, there’s something unsettling about the way the market...
The Trend Is Your Friend (Until It Isn’t) – Weekly Market Outlook 1775 SPX Level Has Become Key On Thursday of last week, with the market down a nasty 1.2%, it looked like the long-overdue correction was finally going to make landfall. On Friday, the bulls one again defied the odds and fully unwound that big loss, reigniting the bigger bullish...
Delayed Employment & Real Estate Data, Mediocre Earnings & VIX Line In The Sand – Weekly Market Outlook True to their implied word, the bulls got back on the horse when the government shutdown ended and a government default was taken off the table. It may not have been the “right” move, but it’s clear the bulls were waiting in the...
Earnings Season Off To Shaky Start – Weekly Market Outlook The pessimism that was killing stocks early last week ended up being replaced by optimism on Thursday and Friday, fueled by progress on the budget debate going on in Washington D.C. Despite the strong end to the week, however, it’s still too soon to get blindly bullish – most everything still...
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