There was no follow through on Friday’s rally to new all-time highs in the S&P 500 index. The early weakness in premarket trading was overcome by the opening bell. On…
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As expected, the investors cheered Friday’s improving jobs data. The increase in jobs for July, along with the upward revision for June was exactly what the Street wanted to hear….
It is evident from Thursday’s price action with the S&P 500 index closing at a new all-time closing high, that there is extreme optimism heading into Friday’s jobs report. And…
The strong close from Tuesday in the S&P 500 index was stopped dead in its tracks at the new all-time closing high price of 4415. It should be noted that…
After Monday’s retreat from all-time high territory and the steep decline off the open, it appears that last week’s low in the S&P 500 index (4364.75) was going to be…
Monday: Market Mayhem In last week’s article, the importance of Friday’s price action in dictating the price action for the following week. With the S&P 500 index making a new…
Monday: Follow-Through, Like We Were Supposed To Do On many occasions, when the S&P 500 index settles on the high or low for the week, it provides for a solid…
Tuesday: Early Sellers Turn Into Late Buyers The index’s seven day winning streak finally came to an end. The weekly/all time high from Friday (4347) was bested only slightly in…
Monday: Dip And Rip Friday’s strong close in the S&P 500 index faded early in premarket trading and that continued into the mid-afternoon. However, it did find support a few…
Monday: Buy The Dip Works Again The retreat continued into the early hours of premarket trading. However, the S&P 500 index found support just under its May 24 (4133.50) at…
