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This Rally Wasn't Broad-based but Bulls Still on the Run
March 13, 2018, 7:01 AMStocks were mixed on Monday, as investors took short-term profits off the table following Friday's rally. Is this some topping pattern before downward reversal or just consolidation before another leg higher? The S&P 500 index is at the resistance level of 2,800 after retracing most of its late January - early February 12% sell-off. Will the broad stock market continue towards new all-time highs? Let's take a look at possible future scenarios.
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S&P 500 at 2,800 Again, Breakout or Fakeout?
March 12, 2018, 7:15 AMStocks rallied on Friday, as investors reacted to better-than-expected monthly Nonfarm Payrolls number release. The broad stock market retraced its late February move down, while technology stocks reached new record highs. Is this a new leg within multi-year bull market or still just retracement following late January - early February 12% sell-off? Let's take a look at possible future scenarios.
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Stocks at Short-Term Highs but Jobs Data May Stir Concerns
March 9, 2018, 6:58 AMThursday's trading session was slightly bullish despite recent global trade war fears. The stock market remains within a week-long uptrend, as it keeps retracing its late February sell-off. Is this some new uptrend or just upward correction? Investors will wait for today's monthly jobs data release. Will it drive stocks higher?
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Stock Market Shrugs Off Trade War Fears, But Will It Go Higher?
March 8, 2018, 6:59 AMStocks closed virtually flat on Wednesday, despite Tuesday's potentially negative resignation of Gary Cohn, the head of President’s National Economic Council. It heightened trade war fears. The market opened lower, but it reversed its intraday downtrend, as investors used the opportunity to buy stocks. The S&P 500 index extended its short-term consolidation following Friday's bounce and Monday's advance. Will it break higher today?
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News-driven Market Again, as White House's Top Economic Adviser Quits
March 7, 2018, 6:59 AMStocks were mixed on Tuesday, as investors hesitated following Monday's rebound off late last week's local lows. Was Friday's reversal a final sell-off within a short-term downtrend? The broad stock market is expected to open much lower today following yesterday's resignation of Gary Cohn, the head of President’s National Economic Council. Does it mean that last week's move down will continue?
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