Now that we’ve got the government shutdown and the debt default behind us, figuratively that is, which way is the market headed? The lack of economic data for the past 2 weeks has kept the focus away from earnings and jobs as most investors stayed in protection mode wondering if the government would default on[…]
U.S. Equities Follow Through On Losses After Worst Week In Several: The U.S. stock market closed lower today after showing early signs of reduced bullishness last week. The S&P 500 fell 1.95 points to 1,689 as investors fled financials and home builders. Tech and small cap companies may have suffered from a short-term reduction[…]
Today the market showed some signs of losing momentum and it was the second of two down days in a row for the Dow Jones Industrial Average in over a month. Traders are set for summer doldrums associated with possible seasonal declines and technical analysis levels also show the overall market could be temporarily exhausted[…]
Will June 2013 Be Better Than May? The stock market has been on a tear recently and May 2013 was profitable for bullish traders. Bonds took a drubbing as risk lovers gobbled up stocks and June 2013 could be another good month. There are lots of reasons for the 2013 rally but here are a[…]
S&P 500 Closes In On New Highs After Inside Outside Gap Up Day: Stocks hit our resistance levels and show no clear advantage to sellers or buyers. Short- term trends could favor buyers on dips but there are some reasons to look more carefully at intermediate trends. Key stocks that made gains all year are[…]
Will Follow Through Occur? U.S. equities rebounded after losing ground yesterday. One day after the Boston Marathon Bombing, stocks rebounded led by the financials after Goldman Sachs reported good numbers along with positive housing data. Housing starts increased by 0.7 percent to 1.04 million annually the Commerce Department said today. The increase was the most[…]
S&P 500 trend is rangebound: The S&P 500 gained ground as the rally continued today. Shorts are getting hurt as the parabolic stock market move we expected comes to fruition (see March 28, 2013). The current outlook for the next few days remains neutral-defensive with a bearish bias. The S&P 500 has been increasing steadily[…]
S&P 500 trend is rangebound/upward: The S&P 500 pulled back to levels that were considered support on Friday after a dismal jobs number was announced showing a gain of only 88,000 new employed people for the month of March 2013. The stock market was extremely resilient considering the bad data as well as the negative[…]
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[…]
Dow Has 2nd Consecutive Weekly Loss In 2013 On Low Volatility: Stocks were mixed ahead of a long three-day weekend with no trading on Presidents Day Monday February 18, 2013. Traders were reticent to make heavy long side bets with no new catalyst to drive stocks higher. The Dow Jones Industrial Average closed up only[…]
