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. […]
Category Archives: Market News
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 […]
V-Shape Recovery in Jeopardy The stock market posted its first back-to-back winning weeks for the year, surprisingly, as the bulls started to make a real attempt at a v-shape recovery. A hot CPI inflation report weighed on Friday’s session but Tech managed to hold court to extend its winning streak to 8-straight. The […]
Market Rebounds Off Fresh 2026 Lows The stock market rebounded off fresh 2026 lows to start last week with Monday’s action briefly pushing the S&P 500 into correction territory (down -10%). All of the major indexes held key support levels before Tuesday’s massive end of month and quarter rally that produced gains of 3%-4%. […]
S&P Avoids Correction Territory S&P Avoids Correction Territory The stock market showed weakness for the fifth-straight week while cracking another round of key support levels. Higher oil prices were the culprit following incidents in the Strait of Hormuz as Brent oil jumped above triple-digits while West Texas closed just below the $100 level. It […]