For the week, the Nasdaq gained 1.5% and the S&P was up 0.6%. The Dow slipped 0.1% while the Russell added 0.3%. Year-to-date, the Nasdaq has rallied 8.2% while the S&P is higher by 7.1%. The Dow has added 4.1% and the Russell is up 10...
Read MoreThe Nasdaq and S&P traded to fresh all-time highs on Tuesday but remain in tight two-week ranges. The action has pushed the two indexes slightly out of their current uptrend channels but key support levels held on Wednesday’s lows. The...
Read MoreFor the week, the Nasdaq slipped 0.1% and the S&P dipped 0.3%. The Dow fell 1% while the Russell lost 0.7%. Year-to-date, the Nasdaq has gained 6.6% followed by the S&P at 6.4%. The Dow has added 4.3% and the Russell is up four points,...
Read MoreComing into the week, the major indexes were flashing overbought RSI (relative strength index) levels at 70 and above. Monday’s volatile session and pullback helped ease some of the froth but Wednesday’s return to higher highs is keeping the...
Read MoreThe major indexes cleared two levels of resistance last week on Tuesday’s breakout of the mini trading ranges from the prior week, while testing February resistance levels on Thursday and Friday. The higher highs sets up and explosive...
Read MoreAll of the major indexes broke above key resistance levels on Tuesday following a cease fire deal between Israel and Iran. Oil stabilized, and for now, tension in the Middle East has calmed down. Last week’s consolidation period was...
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For the week, the Nasdaq rose 0.2% while the S&P slipped 0.2%. The Dow and the Russell were up nine points each. The only major index that is still holding its uptrend channel is the Nasdaq but that is showing signs of cracking after...
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