Finance Roundtable
Finance Roundtable
The market forecasters and personal finance blogs complement the Economics Roundtable.
Trader Mike
THis was a mixed session wit the Russell 2000 and Nasdaq continuing to outperform the larger cap indices. The small caps look pretty good here as they extend above their January highs. The market is stretched (overbought) and I'm still ...
As is so often the case, we're stuck in a bit of a holding pattern ahead of the monthly payroll report. There are some clearly defined 3-day ranges on the charts below and they should break (one way or the ...
Today the market broke free of the sideways pattern its been in for the last week or so. In doing so it made the technical picture look a lot better. The indices have cleared their 50-day moving averages and have ...
The latest consumer confidence numbers weighed on the market today. I'm not sure why people were expecting anything good from that data given the (real) unemployment rate though. The Russell 2000 is still above its 50-day moving average but most ...
My outlook hasn't changed over the last couple of sessions. The market remains extended and short-term overbought and the battle over the 50-day moving averages is still being fought. I can easily see a scenario where the large cap stocks ...
The technical picture was looking a lot better at the close today thanks to the Nasdaq rising above its 50-day moving average and the S&P 500 closing just shy of its 50 DMA. But the Federal Reserve made a surprise ...
We got some continuation of last week's strength but I think it's still too soon to sound the all-clear signal. The obvious obstacles for the Nasdaq and S&P are their 50-day moving averages. Let's see if they can follow the ...
For now, the stock market likes what came out of the EU today with regard to handling the crisis in Greece. The Nasdaq and Russell 2000 broke their downtrends which started in mid-January. The S&P 500 stopped just shy ...
The price action was certainly disappointing today but there are a couple of good reasons not to read too much into it. First, volume was really light, so the selling wasn't intense. (That could be taken as a bad thing ...
Well now we know for sure that the rally earlier this week was just a relief rally. The indices made new lows for the year and are now clearly making lower highs and lower lows. Volume surged again but it ...