Stocks are nearing a short-term inflection point
Highlights Stocks bounced yesterday However, the bounce was on only modestly high volume, making it likely the Wall Street buyback desks will need another catalyst to prompt them to…
Read MoreHighlights Stocks bounced yesterday However, the bounce was on only modestly high volume, making it likely the Wall Street buyback desks will need another catalyst to prompt them to…
Read MoreTwo housing reports were out today that showed home prices continued to gain ground, but the number of New Home Sales continued to trend lower.
Read MoreThe report out today from Investors Intelligence showed a drop in bullish newsletter writer sentiment, but frankly, it was a smaller drop than we had anticipated.
Read MoreSeveral key pieces of economic data are due out today along with some major earnings releases. The economic data has been overshadowed by the increased volatility in the markets over…
Read MoreIn mid-September, we believed the market was ripe for volatility due to an extreme overbought condition, excessive bullishness, and historically low volatility. In early October, it became even more evident…
Read MoreTuesday does not feature any major economic data releases but does include several major earnings releases, including Caterpillar, McDonald’s and Verizon. This is one of the largest earnings reporting weeks,…
Read MoreThe S&P 500 Financials Sector is the worst performing sector falling 1.8%, today.
Read MoreMarket continues to trade very heavy due to: Global growth fear China Trade fear Peak growth rate in U.S. economy and EPS U.S. mid-term election Resolution of any/all…
Read MoreThe day started out positive, with the S&P 500 Index (SPX) trading up 11 points following gains in the Chinese and European markets. The gains quickly faded, and as of…
Read MoreAs the markets remain highly volatile and hunt for an intermediate-term low, there are several key pieces of economic data due out this week, starting with New Home Sales on…
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