Stocks Quiet Ahead Of The Hurricane The stock market remains very strong. The major indices slid last week but were quiet as the country waits for Hurricane Irma to hit Florida and parts of the East Coast. Stepping back, the action remains healthy as the market continues to trade just below record highs and sellers…
Bulls Back In The Driver’s Seat The stock market remains exceptionally strong. Once again, the latest pullback was another strong buying opportunity. The Dow Jones Industrial Average, Nasdaq Composite, and benchmark S&P 500 are all back above near-term support and, once again, flirting with new highs. This was another shallow/healthy pullback in both size (small…
Stocks Bounce As Bulls Quell Bearish Pressure- For Now Stocks rallied last week after the narrative in D.C. shifted toward a tax cut. From a technical perspective, as long as Monday’s low holds, this appears to be another short-term and shallow pullback. The major indices are tracing out a new early entry (see the latest…
Summer Pullback Underway The Dow Jones Industrial Average and S&P 500 fell for a second straight week as selling finally showed up and volatility jumped. The tape remains somewhat split: The Dow Jones Industrial Average is out-performing its peers on a relative basis. The Nasdaq Composite and S&P 500 are a little weaker and closed…