Support Levels To Keep An Eye On – Weekly Market Outlook After gaining 7.2% thanks to four consecutive weeks of gains, the market finally took a well-deserved break, falling 1.1% last week. The move still didn’t technically snap the uptrend, though last week’s modest pullback could end up being the beginning of a more significant correction. Then again, the rally...
Poker Lessons For Option Traders While the poker craze has died down quite a bit, there is still much to learn from this game of skill AND luck that can apply to improve your trading. Poker is not a pure skill game in the same way that chess and bridge are. That's because there is much short-term luck in poker, whereas...
Stocks Ignore Shaky Economic Data – Weekly Market Outlook Another week, another record high. Nothing new there, though at this point the market’s gotten uncomfortably overbought. The rationale side of your brain says that’s a reason to sell… or at least stop buying. Yet, the instinct to want to jump onto this rising rocket also makes sense – this may...
2013 Preakness Handicapping, Analysis & Picks This Saturday is the Preakness at the Pimlico race track in Maryland, the 2nd leg of Horse Racing's Triple Crown. Orb took home the Kentucky Derby on a sloppy track. A big longshot, Golden Soul at 32-1, came in 2nd in the Derby, which messed up our projections a bit … as did the performance uncertainty of young horses...
Chalk Up Another One For The Bulls – Weekly Market Outlook Chalk another week up for the bulls – the third winning week in a row, and the fifteenth winner for the past nineteen weeks. Oh yeah, we hit new all-time highs in the process…. again. Truth be told, not a whole lot’s changed since out look at the market...
What Comes Next After All-Time Highs – Weekly Market Outlook Through the end of Thursday, it just looked like the market was due for another dance with all-time highs (which was also its recent ceiling). With Friday’s surge, though, not only did stocks collectively punch through resistance, it got a lot of people reconsidering their opinion that the market’s tank...
Slowly Chugging Economy – Weekly Market Outlook Though the bears took a toll two weeks ago, the bulls weren’t willing to yield control for two weeks in a row. That’s a major victory too, considering that stocks were nearly on the brink of a significant meltdown. That’s not to say a major correction is still out of the question, but...
Stocks Continue To Wow, But Earnings & Seasonality Loom – Weekly Market Outlook Wow. Even the bad days aren’t so bad in the current environment. After four straight gains over the course of the first four days of last week, what started out as a pretty bearish day on Friday turned into only a modest loss for that session – the...
Make or Break Time for the Rally – Weekly Market Outlook Although the bulls fought back pretty well after Friday’s initial bearishness, it wasn’t enough to prevent last week from being the worst week of the year. Of course, it not like stocks were up against any tough weekly comparisons, but still, a 1.0% dip isn’t something to dismiss. So...
Sector, Style & Sentiment 1st Quarter Analysis – Weekly Market Outlook Well, it took two weeks’ worth of effort to get over the hump, but the S&P 500 finally broke past the ceiling at 1564, closing at 1569.19 on Friday. That’s also the best close ever for the S&P 500 (SPX) (SPY), though it’s not hit its all-time high yet. ...
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