Last week I wrote about how the S&P 500 was in a countertrend reversal: lower trading volume as the market neared resistance levels.Last week's chart: Fast forward to today and we are seeing the exact opposite. The market failed to break through resistance levels...
[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center"...
[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center"...
Last week equities continued their decline. The S&P 500 index declined another 2.4% while the tech-heavy NASDAQ finished the week down 2.8%.The market is now short-term oversold. I expect to see some sort of bounce; however, this will most likely be short-term in...
The stock market continues its decline and has broken through key levels of long-term support. Since its January peak, the S&P 500 index is down over 17% and NASDAQ has declined over 26%. Historically, pullbacks are normal in the stock market. Since 1980, the...
April was another difficult month for both stock and bond markets. The S&P 500 Index traded -8.8% lower during the month, while the Bloomberg Bond U.S. Aggregate Index traded -3.8% lower. Federal Reserve policy remains the driving force as the central bank raises...
The big worry facing investors right now is inflation. But are investors' fears about inflation overdone? The bond market thinks so. For the past few weeks, "Fed Speak" from members of the FOMC has led the market to believe that the Fed was about to get very...
Last week was another volatile market as traders digested speeches from Federal Reserve Board members regarding inflation. By the end of the week, signs of positive momentum began to show again. From a technical viewpoint, the S&P 500 Index held support above the...
The US equity markets continue to show strength as we enter a new quarter. Last week the S&P 500 traded above the key levels that I have been closely watching. As the equity market reached these levels, it became overbought in the short term resulting in a small...
[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center"...
