Following through on the previous week’s bullish intraweek reversal, stocks soared last week. In fact, the S&P 500’s 3.9% advance last week makes it the market’s best week since November of last year. It/s a convincing statement to any doubting bulls. And yet, it’s far for an ideal move if you were hoping for more upside. There’s not a lot...
Following through on the previous week’s bullish intraweek reversal, stocks soared last week. In fact, the S&P 500’s 3.9% advance last week makes it the market’s best week since November of last year. It/s a convincing statement to any doubting bulls. And yet, it’s far for an ideal move if you were hoping for more upside. There’s not a lot...
Yes, the market bounced back in a big way last week following its terrible open. All told, the S&P 500 finished Friday’s session 4.5% above Monday’s multi-week low, cracking a couple of noteworthy technical resistance lines as a result. It’s far too soon for the bulls to be celebrating though. The bounce thus far is less than an ideal beginning...
Yes, the market bounced back in a big way last week following its terrible open. All told, the S&P 500 finished Friday’s session 4.5% above Monday’s multi-week low, cracking a couple of noteworthy technical resistance lines as a result. It’s far too soon for the bulls to be celebrating though. The bounce thus far is less than an ideal beginning...
For a short while last week it looked like stocks might finally snap their losing streak. Then Friday came, up-ending the effort. The best thing about that day’s session (for the bulls) is that it was so harshly bearish the stage is now set for a bounce. On the flipside, so much damage was done last week that it remains...
For a short while last week it looked like stocks might finally snap their losing streak. Then Friday came, up-ending the effort. The best thing about that day’s session (for the bulls) is that it was so harshly bearish the stage is now set for a bounce. On the flipside, so much damage was done last week that it remains...
Stocks may have ended the week on a high note, but consider the circumstances. The market had been shellacked the two days prior. The S&P 500 ended Thursday’s session down 2% for the week thus far. Even with Friday’s 1.1% lift, the index still lost nearly a full percentage point of its value for the five-day stretch. Perhaps more troubling...
Stocks may have ended the week on a high note, but consider the circumstances. The market had been shellacked the two days prior. The S&P 500 ended Thursday’s session down 2% for the week thus far. Even with Friday’s 1.1% lift, the index still lost nearly a full percentage point of its value for the five-day stretch. Perhaps more troubling...
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...
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...
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