- ADVERTISEMENT
-
Most Popular
- ADVERTISEMENT
.DJI
Small and Mid Caps Break Support
It is clearly time to take profits and initiate protective strategies.
Not Much Room for Error in the Market
The Dow is sitting on top of two important support lines.
Now is Not the Time to Chase Stocks
While not out of the question, a sustainable breakout anytime soon is highly unlikely.
Dow Jones Retakes 18,000 Despite Disappointment in Doha
In the end, the Dow Jones moved up 0.6%, the S&P gained 0.7%, the Nasdaq finished 0.4% higher and the Russell 2000 ended the day with a 0.7% gain.
Past Doesn’t Bode Well for the Bulls
The major indices are once again pushing up against their old highs.
Momentum Favors the Bears in the Short Term
The intermediate trend is still up, but the market currently lacks follow-through.
Market Pattern is Positive, Though Suspect
Traders should still exercise caution at this juncture.
Biotech May be Bargain Hunters’ Next Target
Buyers seem to be focused on only the most beaten-down sectors.
An Infection That Could Spread to the Entire Market
The important retail sector appears to be in the midst of a massive breakdown.
My Downside Target for the S&P 500 Is…
We could see a full 50% retracement of the recent rally.
Investors Could Be in for a Long, Sideways Summer
The market's overall pattern is bullish, but there is a lack of momentum usually present at breakouts.
Utilities’ Retreat Isn’t Cause for Concern Yet
The angle of advance in the Dow Jones Utility Average was too steep to maintain.
Small Caps Stall Out
A strong advance has flattened due to a lack of buyers.
Major Reversal May be Just Around the Corner
With a pending Dow Theory non-confirmation, this is not the time to chase stocks.
Stock Picking is Paramount in This Risky Market
Stick with only the most fundamentally sound stocks at these levels.
Dow Breaks Through Bearish Resistance Line
However, volume lagged and profit-taking robbed the index of a triple-digit gain.
Fed Pushes Market Into Maximum Resistance
The S&P 500 closed above its bearish resistance line.
Transports Give Cautionary Signal
The failure of the Dow Jones Transportation Average to hold above support is not a good sign.
