U.S. stocks take a breather this morning
U.S. stocks are down today with the Standard & Poor’s 500 stock index off 0.6% to 1744 as of 1:20 p.m. in New York. So far this looks like an overbought market taking a breather as on Tuesday the S&P finished higher for the fifth straight session
With seventh straight up session, S&P enters (slightly) overbought territory ahead of next week’s Fed meeting
The Standard & Poor’s 500 closed up for a seventh consecutive session today, September 11, at 1689, ahead 0.31%. That puts the index into slightly overbought territory—and that’s probably enough to give some traders pause as Fed Taper Wednesday, September 18, approaches.
Can this bounce pass the technical test?
It’s crunch time for this week’s bounce. U.S. stocks have taken back about half the ground they lost in the June tumble after moves up this week, but the market now faces a series of technical tests. For the bounce to turn into something with a somewhat longer life, it’s going to have to show the ability to move through resistance levels over the last trading session of June and into the first sessions of July.
How near is the next bust?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Is there a dip in our (near-term) future?
You don’t have to think this rally is about to crash—and I don’t–to think about the timing of the next pull back, dip, stumble, or whatever. I don’t think any pullback will be long or deep. But still a 3% to 7% retreat would be worse than that for the most vulnerable (read overpriced) stocks so you might want to have some idea when it’s coming
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Secular bull, secular bear: How I see stocks after 2013
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...We’ve just moved into (mildly) overbought territory
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Once more with feeling: Bounce or rally? I think the news from Europe tomorrow gives us our direction for a few days anyway
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...When’s the bounce? We’re getting close to levels that might trigger one
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The reaction to Hurricane Sandy makes me doubt the usefulness of any of the market’s current short-term technical trends
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
