The march to higher highs continues to keep the Nasdaq and the S&P in overbought territory with the relative strength index (RSI) levels for the indexes at 75 and 76, respectively. The 70 level is considered overbought and has been in play...
Read More*For the week, the Nasdaq was up 2% while the S&P rose 1.9%. The Dow added 1.6% and the Russell gained 1.4%. For the month of May, the Nasdaq surged over 10%; the S&P jumped 6%; the Russell rallied 5%; and the Dow soared 4%. *Once again, the...
Read MoreIt was crucial the current uptrend channels held to start the week with volatility easing, or at least holding key resistance. While there was a little wiggle room for some stretch, Tuesday’s 2% market rebound remained an ongoing bullish...
Read MoreBears 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...
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