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US Stocks- Buy the Rumor, Sell the News?
I can’t help but notice that S&P 500 Futures (ESM4) are up 8 consecutive weeks in a row and up 11 straight days. Over the next 48hrs, the market will digest two important data points (ECB & Jobs Report). Clearly, in the short term we are extended to the upside and a light volume pullback…
The Bounce Continues On Wall Street
The following is an excerpt from a FindLeadingStocks.com Intra-Week Update: FLS Update: 10.21.14 The Bounce Continues Russell Soars 7% In 5 Days! The Title of Last Thursday’s FLS intra-week update was “Time For A Bounce.” We made the case that the market was ripe for a bounce and that is exactly what has happened over…
Markets Like Clarity; Right Now, Uncertainty Reigns on Several Fronts
LOOKING FOR LEADING STOCKS? WHY NOT TRY FINDLEADINGSTOCKS.COM? As of Thursday’s close, the SPX is less than 2% below its all-time high. No question it was an ugly day but a look beneath the hood might suggest it is not as bad as it seems- yet. Earlier today I was quoted in WSJ’s lead story…
Professional Watchlist: 5 New Setups For Your Review
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Stock Market Resistance & Negative (Outside) Reversal Day From Prior Chart Highs
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.