The most accurate way to describe the price action in the S&P 500 index is that it cannot hold a rally. After the low for the move was defended early…
The momentum from Friday’s price to the downside resulted in the index posting its second lowest close for the year. The lowest is its month-end close for September at 3601.25….
Like it or not, a lower unemployment rate is bad for the stock market. The reason, a decrease in the rate is an indication that the Federal Reserve has not…
The S&P 500 index is having streaks recently that do not last very long, especially to the upside. Over the last six sessions, the index has had two down days,…
The S&P 500 index had its fair share of losing streaks in the month of September. However, a new streak to the upside has formed this month ahead of the…
For those investors that were part of the $6.5B sell imbalance on Friday, Monday must have been a painful tape to observe. Although they must have been feeling pretty good,…
Any investors looking for a definitive breach of the June low, it may have happened on Friday. The bulls put up a battle until lunchtime, then they got devoured by…
While many issues have breached their June lows along with the S&P 500 index, two stalwarts of the index remained well above their respective lows. However, both Apple Inc. (NASDAQ:…
The six-day losing streak is over, but this market is far from being out of the woods. What had the recipe for disaster written all over it, an unconfirmed Bloomberg…
It has always been emphasized in the daily wrap that S&P 500 index futures move in streaks, good and bad ones. Unfortunately, the index is on a six-day losing streak…