Stocks Fall As Earnings Season Begins: 07.11.14 The Long-Awaited Pullback Has Arrived. Will It Stay? Stocks pulled back last week as Q2 earnings season officially began. So far this appears to be another normal and healthy shallow pullback in both size (% decline) and scope (short duration). Remember, shallow pullbacks are healthy as they give the…
JULY 4TH SALE! GET 3 MONTHS FREE (~$300 VALUE) WHEN YOU JOIN OR UPGRADE ANY PLAN ON FINDLEADINGSTOCKS 72-Hrs Only! Stocks Surge To Fresh Record Highs Stocks soared to fresh record highs during the first week of Q3. The market remains exceptionally strong in all three time-frames: short, intermediate and long. In the short term, the major averages…
Stocks Mixed In Final Week of 2nd Quarter: 06.27.14 Stocks ended mixed on the last full week of the second quarter. Barring a massive sell off on Monday (last day of the qtr), Q2 will go down in history as another very strong quarter for this very strong bull market- which is why our short, intermediate and…
Fed, “Easy Money” Here To Stay 06.20.14 That didn’t last long- the S&P 500 (SPX) pullback only lasted one short week before the bulls regained control of this market and sent stocks to fresh record highs after 6/18’s Fed meeting. The fact that the consolidation only lasted one week illustrates how strong the bulls are…
MArket Finally Pulls back 06.13.14 The market finally pulled back which is healthy as it gives the bulls a chance to pause and digest the recent gain. As previously mentioned, the market was extended and way over due for a pull back so this action should not catch our readers off guard. So far this pullback is healthy and it is important…
Don’t Fight Central Banks 06.06.14 The bulls emerged victorious in the first week of June sending the benchmark S&P 500 (SPX) and several other popular averages to fresh highs. For the first 5.5-months of this year the market built a large bullish continuation base to digest 2013’s very strong rally (29%). Now that the SPX broke out…
The Bulls Are In Control 05.30.14 The bulls emerged victorious on the shortened holiday week after quelling the bearish pressure and sending the benchmark S&P 500 (SPX) to a fresh record high. Earlier this year, we wrote about how the market was in the process of building a large top and noted that we needed the…
The Bulls Are Getting Stronger 05.23.14 The bulls emerged victorious on Wall Street as they not only quelled the bearish pressure but also set the bullish stage for a very strong breakout. At its deepest this year, the S&P 500 only fell -6% below its record high which is impressive. In fact, we have not had a 10%…
Tug of War Continues In the short term, the large topping pattern continues to form. The top will be confirmed if/when the major averages break below support of their large bases. The tale of two tapes continues to unfold as the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) continue to outperform the Nasdaq…
Stocks Defend Support- For Now: In the short term, the market continues tracing out a large topping pattern. The top will be confirmed if/when the neckline is breached (on a closing basis). On Friday, the Russell briefly undercut its neckline and then rallied and closed higher on the day. Underneath the surface the benchmark S&P 500…