If anything the picture is even less bright, as Friday’s move down marked another leg in a bearish trend.
Bear markets are tough because they’re painful, but often give glimmers of hope. I think that’s what we went through this past week.
We’ve been moving more or less sideways, but I’d be surprised if the current lows aren’t tested – and broken – in weeks to come.
It now appears the rout it on. Of course, ‘routs’ often turn on a dime and become ‘buying opportunities.’ This time, maybe not so much.
Let’s get to the obvious: it’s been an ugly start to 2016. Now, the real question is, where do we go from here?
The market didn’t act badly this past week, but if you just looked at Thursday and Friday, it felt awful.
The market had a rough ending to a rough week with more pain likely on the horizon.
Friday was a huge day for the market. But did anything really change? Plus, is now the time to buy gun stocks?
I heard a lot about the glories of Nike on Friday. And while it had a good day, I’d hold off on pulling the trigger.
Shopping never stops completely. Instead, it usually migrates downscale. Given that, we take a look at Macy's and TJX.
Companies like Walmart have been struggling, but Costco? Boy, that’s the opposite side of the coin.
The question of the day: Can you be bullish but not yet a bull? Recent action says yes.
Can the rally keep going? Not for long. Also this week, we take a look at Disney and Apple.
Have you flipped to being a bull yet? The current rally doesn’t want to quit. I can’t help thinking, though, it’s doomed to fail.
The past month has been as choppy as I’ve seen in a while, and I’ve been neutral on the market. But Friday’s action was encouraging and moves me slightly towards the bull camp.
Volkswagen is a mess right now. Good news, though, if you’re looking at other auto stocks.
The market seems to have stabilized after the big fall. But is it ready to move back up?
A few weeks ago, I noted the long – very long! – period of congestion would almost have to be broken with a major move. I didn’t know the direction, but was confident of the ferocity.
Let’s stipulate that the past week was NOT fun. And after a week like that, it’s normal to expect more.
Months of congestion are usually resolved with a splash. So, as soon as we see a break of either support or resistance, look for the subsequent move to be big.