Bears Strike but Bulls Hold Uptrend Channels For the week, the S&P dropped 2.6% while the Nasdaq and the Dow fell 2.5%. The Russell sank nearly 4%. Excluding the small-caps, the major indexes managed to hold their current uptrend channels...
Read MoreWe talked about possible trading ranges forming into the back half of the month for the major indexes following the May 12th market breakout. Given the stealth v-shape recovering, this is a healthy process as long as fresh support levels hold. ...
Read MoreGroupon provides an e-commerce platform that connects customers with local businesses offering discounted deals. Some of their partners might include local merchants such as restaurants, gyms, and event organizers. The company earns a...
Read MoreFor the week, the Nasdaq zoomed 7.2% while the S&P soared 5.3%. The Dow jumped 3.4% and the Russell rose 4.3% with the former index joining the Nasdaq and the S&P in recovering its 200-day moving average. The ongoing v-shape...
Read MoreKey Resistance Levels Hold Despite First Trade Deal Announcement For the week, the S&P 500 slipped 0.5%; the Nasdaq dipped 0.3%, the Dow was off 0.2%; and the Russell 2000 was up 0.1%. The RSI (relative strength index) levels for the...
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Fed Chair Powell said the central bank does not need to be in a hurry to slash rates as the committee evaluates how President Trump’s tariffs will affect inflation and employment. With earnings season winding down, and the Fed in the...
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The Dow and the Russell cleared their 50-day moving averages on Friday to join the Nasdaq and the S&P after they cleared their 50-day moving averages on Thursday. Up Friday’s and Monday’s typically signals money is moving into the...
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