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 […]
Category Archives: Market News
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 […]
Bulls Close April with a Bang Wall Street closed out April with a sharp V?shaped recovery, and action we predicted throughout March, by starting off May with another round of record highs. The Nasdaq and the S&P have scored double-digits gains off their March 30th lows with the current rally being driven by strong earnings. […]
Big Week for Earnings on Fresh Highs The stock market traded in a tighter range throughout much of last week before breaking out to another round of fresh all-time highs on Friday. The move was helped by Intel’s (INTC) impressive earnings results after the company reported better-than-expected numbers while offering a rosy outlook. […]
Bulls Push Another Round of Fresh All-Time Highs The stock market concluded its third-straight winning week with the bulls pushing the major indexes to another round of fresh all-time highs. The v-shape rally is now complete with the major indexes pushing overbought conditions on the breakout. The blue-chips lagged, however, as the Dow is still […]