Market Analysis and Summary The major market indexes finished the session modestly mixed Friday, as volume declined across the board. A day of distribution fell off both indexes due to time, which brings the count to 8 days on the NASDAQ and 3 on the S&P 500. The NASDAQ index is in the worst shape
Market Analysis and Summary After spending just a couple days at new all-time highs, the major market indexes have fallen back into their wild, volatile and divergent ways. We would never have guessed that the NASDAQ would undercut and close below its 50-DMA, only two days after making new all-time highs, especially not as the
Market Analysis and Summary Very little has changed since the last report. The major market indexes are trading slightly below recent all-time highs and leading growth stocks are in great shape. There have been plenty of opportunities on the long side, especially since President-elect Trump was voted into the White House. It appears as if
Market Analysis and Summary The major market indexes finished the week at new all-time highs across the board, although volume was extremely light due to the shortened trading week, in observance of the Thanksgiving Holiday. Regardless, the NASDAQ, S&P 500, Russell 2000 and DOW all closed at the the highest levels they’ve ever seen. This
Market Analysis and Summary For the better part of a week now, many of the oscillators and sentiment indicators that are commonly used to gauge extremes in the general market, such as the McClellan Oscillator and the Volatility Index, have been pointing to “overbought,” conditions. However, this has not stopped the major indexes from continuing
Market Analysis and Summary It was a relatively quiet session Friday. The major indexes closed moderately mixed, as volume expanded on the NYSE and declined on the NASDAQ. Only the S&P 500 added distribution, which brings its count to 4 days, while the NASDAQ held steady at 7. With the FOMC minutes due at 2:00
Market Analysis and Summary The major market averages have been on a sharp trajectory higher since President-elect Trump stole the White House from the Democrats. Prior to the election, the major indexes were struggling below their 50-DMA’s and now, they are trading at or near all-time highs. Volume has been well above average as the
Market Analysis and Summary The major market indexes continued to improve over the last couple sessions. The NASDAQ finally caught up with the other indexes and reclaimed its 50-DMA, as big sellers in the “FANG” stocks dried up and gave the tech heavy index some breathing room yesterday. The S&P 500 made further progress aboveClick Here for All of Our Actionable, Leading Stock Ideas.
Market Analysis and Summary The major market indexes ended last week in much better shape than they began. The NASDAQ and S&P 500 began last week on the heels of a nine session losing streak. Fortunately, the indexes gapped up at the open and closed near their highs for the day Monday and have beenClick Here for All of Our Actionable, Leading Stock Ideas.
Market Analysis and Summary The major indexes have whipped around wildly since Donald Trump won the presidential election, although their action has been largely positive. This was a big surprise for many traders and investors that were thinking exactly the opposite. The market rallied powerfully on Wednesday, although an official follow-through day did not occur,