Published May 9, 2025
As expected, the furious recovery in stock prices has stalled, for now, at the clear point of resistance shown below. We spoke of this resistance coming into play a couple of weeks ago as well. Bulls have been able to push past the 550-560 level. The question is whether the bulls have enough thrust to push stocks back above the 5700 level for the S&P 500 (570 on the chart), which is where the widely-followed 200-day/40-week moving average sits. (more…)
Published May 14, 2021
The stock market continues to hold on through intermittent bouts of selling. Corporate earnings have been record-setting in their growth from year-ago levels, severely depressed though they were. Despite outrageously good earnings for the top growth stocks in the Nasdaq, investors continue to shift money to cyclical value sectors like energy, finance, materials. The lackluster response to the hotshot earnings has led to some heavy down days in the market recently. (more…)