Today it’s a battle between positive earnings and negative China trade sentiment
And, as of 12:30 p.m. New York time, negative trade sentiment was winning. The day started off with positive earnings reports--earnings beats and positive guidance--from IBM (IBM), Procter & Gamble (PG), and United Technologies (UTX). In premarket trading the...Why I can’t put away my bear market worries #3: Money flows that look like a bounce and not like a rally
Rallies share one very important pattern. In a rally more investors and traders want to jump in as prices rise. They're convinced that rising prices mean that prices will climb even more in the future and so they buy, driving prices higher. Bounces follow a different...Saturday Night Quarterback says (on Sunday), for the week ahead expect…
... earnings from Netflix (NFLX), scheduled for release after the market close on Thursday, January 17, to be a BIG TEST to see whether this big bounce turns into a sustained rally. Netflix shares gained another 4% on Friday after analysts at Raymond James and UBS...Testing, testing: Bounce, rally, or retreat?
U.S. stocks moved toward a key test on Monday with the Standard & Poor's 500 approaching the 2550 to 2600 level that signals the top of the recent volatility range and likely technical resistance. If the index breaks above this level, the market could run higher...Stocks rally on huge job gains; acceleration in wage growth puts Fed betwixt and between
The U.S. economy added 312,000 jobs in December, the Labor Department reported this morning. The government statisticians also revised November's report to show the addition of 176,000 jobs instead of the prior report of 155,000. Economists surveyed by  Briefing.com...Why the rally isn’t holding: After yesterday’s 1,000 point gain, today the profits are on the downside
Yesterday, Wednesday December 26, U.S.markets staged a historic rally with the Dow Jones Industrial Average gaining more than 1,000 points. All of the major U.S. indexes gained better than 4% on the day. Today, Tuesday, December 27, as of noon New York time, the Dow...Did Monday action signal a (temporary) bottom?
Monday’s big drop in U.S. stocks was unusual in this period of frequent market routs–and unusual in an important way.