The stock market continued to power higher last week. We saw back-to-back, high-volume advances on Wednesday and Thursday, which is a good sign that investors are starting to pile back into stocks. On Wednesday, the
During the depths of the pandemic, the Federal Reserve cut interest rates to zero to help save the economy. The market went into a buying frenzy, and many stocks doubled, tripled or more from the
In late May, I gave you several key support and resistance levels for the S&P 500 index that I continue to have my eyes on. At the time, the index was trading in a sideways
Yesterday, I talked about three technical reasons why there could be more selling in store for this market. One of them was the action in the S&P 500 Volatility Index (VIX), also known as the
The S&P 500, Nasdaq and Russell 2000 indexes all made new lows last week. And Friday was the 22nd consecutive day with more new lows made on the Nasdaq Composite than new highs. It is
Stocks kicked off last week on a positive note, with the S&P 500 rising 0.8% last Monday. But on Tuesday and Wednesday, the index gave back all of those gains and then some. The sudden
With the US stock market still sky high, everyone is looking for a way to tell if and when the party will be over. I’ve come across an economic data indicator that appears to be
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