Weekly Market Outlook – Valuation Concerns As New All-Time Highs Approach Following through on the surprising post-Brexit bounce from two weeks ago, the S&P 500(SPX) (SPY) gained 1.3% last week, closing at 2129.90. Though that wasn't the highest close ever for the index (nor did it reach a new intraday high), that was the highest weekly close ever for the S&P...
Weekly Market Outlook – July 11, 2016 Following through on the surprising post-Brexit bounce from two weeks ago, the S&P 500 (SPX) (SPY) gained 1.3% last week, closing at 2129.90. Though that wasn't the highest close ever for the index (nor did it reach a new intraday high), that was the highest weekly close ever for the S&P 500. And, we're...
Weekly Market Outlook – Will The Post-Brexit Rally Continue? Despite the horrific start on Monday, the bulls were decidedly in charge over the course of the last four days of last week, setting up a weekly gain of 5.1% for the S&P 500 (SPX) (SPY). The index is almost back to where it was before the Brexit vote shocked the...
Weekly Market Outlook – July 5th, 2016 Despite the horrific start on Monday, the bulls were decidedly in charge over the course of the last four days of last week, setting up a weekly gain of 5.1% for the S&P 500 (SPX) (SPY). The index is almost back to where it was before the Brexit vote shocked the world… for...
Weekly Market Outlook – Where Things Stand After Brexit Through Thursday, not only was the market's action palatable, it was downright bullish. Investors were increasingly confident the Brexit wouldn't happen. Big mistake. When traders realized the "leave" crowd just edged out the "remain" crowd, it pulled the rug out from underneath the bullishness. When all was said and done, Friday's...
Weekly Market Outlook – June 27, 2016 Through Thursday, not only was the market's action palatable, it was downright bullish. Investors were increasingly confident the Brexit wouldn't happen. Big mistake. When traders realized the "leave" crowd just edged out the "remain" crowd, it pulled the rug out from underneath the bullishness. When all was said and done, Friday's 3.6% plunge...
Weekly Market Outlook – Will Support Hold? The bulls did everything they could to get the rally back on track last week after the early breakdown. But, it just wasn't meant to be. Once the S&P 500 (SPX) (SPY) fell under the 50-day moving average line on Wednesday, the index — despite trying — just couldn't climb back above it. When...
Weekly Market Outlook – June 20, 2016 The bulls did everything they could to get the rally back on track last week after the early breakdown. But, it just wasn't meant to be. Once the S&P 500 (SPX) (SPY) fell under the 50-day moving average line on Wednesday, the index — despite trying — just couldn't climb back above it. When...
Weekly Market Outlook – Market Looks Vulnerable Here The market was on pace to a decent gain last week…. until Friday. With that day's stumble, an intraweek gain of 1.0% turned into a 0.14% loss for the five-day span. Worse, the shape and location of last week's intraweek reversal hints that the tide may have finally turned bearish. Of course,...
Weekly Market Outlook – June 13, 2016 The market was on pace to a decent gain last week…. until Friday. With that day's stumble, an intraweek gain of 1.0% turned into a 0.14% loss for the five-day span. Worse, the shape and location of last week's intraweek reversal hints that the tide may have finally turned bearish. Of course, in...
