For the fifth week in a row all of the major market indices advanced, confirming once again the positive overall trend picture. The Dow Jones Industrials and Russell 2000 ended last week within a fraction of a percentage point of their 52-week highs, and it seems likely that it’s only a matter of time before [...]
Last week’s market action continued to reflect a positive overall trend picture. All of the major indices extended their previous week’s gains, with the S&P500 and NASDAQ actually ending the week at new multi-year highs (but just barely). I would continue to view any pullback here as a correction within the current uptrend. Last week [...]
Last week’s action reaffirmed the market’s positive overall trend picture with the major indices all ending the week within 1% of 52-week highs. While a downdraft might be expected at any time (with this week’s options expiration offering as good an excuse for one as any), unless it were to carry the market below recent [...]
Thanks to last week’s follow-through rally in all of the major indices – including an impressive move up in the NASDAQ – the market’s overall trend picture is now positive. With technology stocks once again in sync on the upside, it seems likely that – barring a move on the S&P500 back below 1190 or [...]
