Taking a deeper dive into a key tactical indicator
Today I wanted to discuss why we use the percentage of stocks in the S&P 500 (SPX) that are above their 10 and 50-day moving averages, respectively, where they…
Read MoreToday I wanted to discuss why we use the percentage of stocks in the S&P 500 (SPX) that are above their 10 and 50-day moving averages, respectively, where they…
Read MoreThe Commerce Department reported U.S. household incomes surged by the most on record thanks to the additional stimulus measures.
Read MoreYesterday’s 0.68% gain in the S&P 500 Index (SPX) pushed more stocks above their 10-day moving averages, but fewer stocks were trading above their 50-day moving averages. Below are…
Read MoreS&P futures are trading well below Thursday's close, amidst a negative session in Europe and in Asia overnight.
Read MoreStocks roared higher out of the gate, with the S&P 500 Index (SPX) gapping up over 0.50%, the strongest open in over seven weeks.
Read MoreAs we entered 2021, investors were hoping for a significant increase in fiscal stimulus and broad Covid-19 vaccinations to match the massive monetary stimulus already in play.
Read MoreIt is hard to imagine that fiscal policy, monetary policy, and expectations for economic and earnings could get more optimistic than what took place yesterday. We would like to…
Read MoreBullish retail investor sentiment had a steep drop in the latest poll.
Read MoreOut this morning was the initial estimate of Gross Domestic Product (GDP) for the 1st quarter of 2021.
Read MoreApplications for initial jobless claims fell to a new pandemic low, but only because the prior week’s data was revised higher by 19k.
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