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…
The S&P 500 fails to make new March 2013 all-time high but this may not dissuade investors. Stocks were unable to rally today but came off the lows towards the end of the session as traders took advantage of a distribution day after consolidation of the major averages. The S&P 500 seems poised to hit…
Short Term Bulls May Still Have Momentum: Traders are enthused about the current bullish trends as the S&P 500 approaches new all-time highs. The Dow Jones Industrial Average has posted 10 straight days up while the NASDAQ and S&P 500 are at multi-year highs. Momentum is decidedly bullish but many market participants believe a correction…
U.S. Stocks Mixed As Volatility Rebounds: U.S. stocks were mixed today after traders digested a week and a half of higher momentum. The Dow Jones Industrial Average closed at 14,450.06 up 2.77 or 0.02% while the NASDAQ was down by 10.55 ending the day at 3,242.32 or -0.32%. The S&P 500 also closed down 3.74…
