U.S. Companies Add 158,000 Private Jobs U.S. companies added a meager 158,000 in March 2013 according to ADP and this was far below what most economists expected. The increase in private sector jobs in March was slightly below the mean for the last few months and way below what would be considered expansionary. This leaves…
S&P 500 Upward Trend Still In Tact, but…. Standard And Poor’s technical analysis update for the SPY after the recent all-time high March 2013. The spider exchange traded fund, the SPY shows an upward trend but this could mean some traders may begin trying to fade the rally. Look for strong downside breaks and late…
Market may be overextended and pausing for next leg of the rally. The stock market gave back some of last week gains as poor economic data decreased bullish trading sentiment. Stocks lost luster after a gap up in the early part of the session and continued to lose ground throughout the day. What appeared to…
S&P 500 Closes At 1,569: The moment traders were anxiously waiting for finally occurred on Thursday, the last trading day of the first quarter 2013. The S&P 500 hit 1,566 early in the day and soon the word spread that the stock market was making gains again although bonds didn’t take too much of a…
If the S&P 500 Hits All-Time Closing High, then what? The Dow Jones Industrial Average came back from a loss of over 120 points today after a gap down in the morning. Trading sentiment changed in the mid part of the session after hitting morning lows. If the S&P 500 does hit a new high,…
