Markets Hold Breakout Support with Limited Room for Maneuver
Markets took another loss on Friday, but there was no change in the larger picture. The key breakouts remain intact, and we are still waiting for the Dow Jones Industrial Average...
Markets took another loss on Friday, but there was no change in the larger picture. The key breakouts remain intact, and we are still waiting for the Dow Jones Industrial Average...
PCE inflation data, Fed FOMC minutes, retailer earnings in focus. Walmart stock is a buy amid strong results, upbeat guidance. Moderna shares set to underperform on big profit...
Yesterday's gains offered classic 'bull flag' breakouts, but today put a damper on many of those market moves.Russell 2000The Russell 2000 opened near the low of Wednesday. Despite...
FTSE 100 has been least impacted by the war in Ukraine, while Germany's DAX has been hardest hit The S&P 500 experienced high volatility in 2023. However, technical indicators...
Despite coming in below the previous reading, U.S. inflation data was slightly above expectations The initial market reaction was a mixed bag However, it is likely that inflation...
As markets retreat back to support, they do so by building 'bull flags.' This action - if it delivers the expected breakouts - will open up for measured moves higher. In the case...
The market correction has started. The question we have repeatedly discussed over the last several weeks is the ongoing battle between bullish technical improvements and bearish...
Over the last 5 months since the Oct. 13 low, the market has reacted in a surprising fashion to many of the CPI and PPI reports. For example, while the Oct. 13 CPI published report...
S&P 500 blended EPS growth for Q4 increases for the first time in 3 weeks, now expected to come in at -4.9% Peak earnings season rolls on this week with 1,276 global companies...
One day after the S&P 500 had topped at $4195 on February 2 (see here), our primary expectation based on the Elliott Wave Principle (EWP) was a focus on: “the $4100...