Bears Push Correction Territory, Dip Bought (Again) Technical Outlook and Market Thoughts Major Market Levels Nasdaq Support To Hold: 24,750-24,500 Bullish Price To Clear: 26,250 All-Time High Level: 27,000 (27,190 on 6/1) Bearish Breakdown Level: 24,500 The Nasdaq was up 1.2% for the week with the gain for 2026 at […]
Category Archives: Market News
Key Support Levels Back in Focus Technical Outlook and Market Thoughts Major Market Levels Nasdaq Support To Hold: 25,250 Price To Clear: 26,250 All-Time High Level: 26,750 (27,190 on 6/1) Bearish Breakdown Level: 24,500 The Nasdaq was down 2.9% for the week but is still up 10% for the year. […]
Bulls Remain in Control Ahead of 2Q Earnings Season Technical Outlook and Market Thoughts Major Market Levels Nasdaq Support To Hold: 25,250 Price To Clear: 26,250 All-Time High Level: 26,750 (27,190 on 6/1) Bearish Breakdown Level: 24,500 The Nasdaq was up 2.1% for the week and is now up 11% […]
Bears Make an Appearance The stock market ended the week with heavy losses following a much stronger-than-expected jobs report and a spike in Treasury yields. There was some strength on the open but the first layers of support for the major indexes easily came into play by the end of the session. The […]
Record Highs Remain in Play The stock market showed ongoing strength last week as record highs were triggered into Thursday’s close following a summit between the United States and China. Friday’s pullback was a classic sell-the-news event as there were some solid developments but no major policy breakthroughs. The Nasdaq tagged a low […]
Bulls Extend Uptrend Channels on Fresh Highs The market stayed strong on Friday to cap another bullish week following a better-than-expected jobs report. Specifically, non-farm payrolls rose by 115,000 last month versus forecasts for a print of 60,000. The jobless rate held steady at 4.3%. The Nasdaq kissed a record peak of 26,248 while […]