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The S&P 500 is poised to challenge a crucial resistance level later this week Last week's labor market data was mixed, with some indicators suggesting that the economy is slowing down Meanwhile,...
Stock Market Breakout In my August 4th update, Stock Market Weakness Likely, I pointed out that the market was likely to pull back, and as long as that weakness did not decisively violate...
The Labor Day weekend will keep things on hold for another day, but the coming week is important for lead indexes. We have the Russell 2000 (IWM) at the cusp of a return to a net bullish state in its...
Despite a turbulent August, the market remains in overall good shape As September kicks off, many of the same pressures should remain in place Let's take a look at various trends to evaluate the...
September is expected to be another volatile month on Wall Street amid a trio of major market-moving events. All eyes will be on the upcoming U.S. jobs report, CPI inflation data, and the Fed’s...
Today was a good day for bulls, but there is still work to do before technicals turn net bullish. For the Nasdaq, what was particularly gratifying was the close above the high of the bearish engulfing...
About once a year, I have to address the issue of chasing the “10 Best Days” of the year. Statista recently presented the analysis: “There is clear evidence that market timing is...
Recent market pullback has got investors wondering: Is this the start of a bear market or just a correction? But what they really need to understand is that markets are uncertain by nature Taking a...
Almost a month ago, see here, we asked the question if a major top was forming for the S&P500. Using the Elliott Wave Principle (EWP) we found: "Although the index has not dropped below the...
In principle, last Friday's action was relatively bullish, with some decent bullish candlesticks at support. Volume was a little mixed in that there wasn't across-the-board accumulation, but we will...
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