Stocks
Weekly Market Outlook – And So It Begins… Maybe
The market showed a bit of predictable vulnerability two weeks ago. It clearly showed much more last week, by virtue of the biggest loss in months that snapped some -- though not all -- of the nearest technical support levels. The bearish jolt could spark a more serious wave of selling. That’s not the most alarming part of last week’s action, however. Something else happened that we’ve not seen in a while that underscores the prospective bearishness. That is, the volatility indexes jumped. They also bumped into some minor technical ceilings, so these surges could already be over. But, it’s a curious red flag all the same. We’ll look at all of it in some detail in a moment. Let’s first, however, look at last week’s biggest economic reports and preview what’s coming this week. Economic Data Analysis Busy week. The party started in earnest on Tuesday with June’s retail… more
Weekly Market Outlook – The Bulls Flinched, But the Bears Didn't Seize the Opportunity
The stock market may have notched yet-another weekly win last week. But, it was tainted. It’s downright alarming, in fact, hinting that the rally as near or at the point of exhaustion right where you’d expect it to hit a wall. Still, it’s not as if the market is fighting a battle it’s clearly losing. There’s room for a little... more
Weekly Market Outlook – So Good It’s Bad?
Two weeks ago the rally was starting to show some cracks. They were all repaired last week… and then some. Indeed, stocks logged a major gain during the holiday-shortened week, ending at record highs above important technical ceilings. The unlikely move leaves traders wondering what’s next — is there actually room for more upside? There may well be. On the... more
Weekly Market Outlook – Despite Last Week’s Gain, More Red Flags Are Waving
More often not, how something happened is at least as important as what happened. It’s certainly true of the stock market anyway. Sometimes it’s the subtle, nuanced clues that give you a better hint of what’s really going on. It’s a concept to consider after last week’s action to be sure. While the major indices basically broke even (the NASDAQ... more
Weekly Market Outlook – Technical Resistance Remains in the Way
Stocks managed to log another win last week… albeit just barely. And not all of them. Whereas the S&P 500 mustered a 0.6% gain during the holiday-interrupted stretch, the NASDAQ suffered the tiniest of weekly losses. Traders were moving to safer names, however. The Dow Jones Industrial Average was up 1.45% for the week. Unlike either other index though, the... more
Weekly Market Outlook – The Bulls Need to Learn a Thing or Two About Pacing
Following through on the prior week’s rebound gains, stocks logged another win last week to end the five-day stretch at (or at least near) record highs. The S&P 500 was up 1.6%, while the tech-heavy NASDAQ Composite rallied an impressive 3.2%, breaking above a key resistance level in the process. But, another technical ceiling is now in play, and the... more
Weekly Market Outlook – The Bulls Push Back… Some of Them, Anyway
The market bounced back from the previous week’s stumble last week, reaching record-high territory as a result. The bigger trend remains bullish. There are challenges, however. The NASDAQ Composite is bumping into an important technical ceiling, while the S&P 500’s rally is unfurling on weakening volume. There’s room and reason to doubt this advance has staying power. Still, the trend... more
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