Stocks
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Knowledge Resources
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...
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Knowledge Resources
We 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.
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Knowledge Resources
Groupon 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...
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Knowledge Resources
For 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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Knowledge Resources
Key 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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Knowledge Resources
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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Knowledge Resources
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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