10 Technical Stock Market Developments To Monitor This Week
The U.S. stock market indices, along with most of Europe and Asia, continued the equity rally last week.
In the U.S., February has now shown...
Stock Market Up-Trend Supported By Breadth and Sentiment Indicators
Stock prices rose for the second week in a row with the S&P 500 Index, NASDAQ Composite, and Dow Jones Industrials hitting a series...
Russell 2000 Index: Elliott Wave Points To Correction
The Russell 2000 Index (INDEXRUSSELL: RUT) appears to be following the main Elliott wave scenario we described in our November post, and it has...
A Stock Market Bear Walks Into a Bar…
After taking a few days off, I saw that the Russell 2000 ETF NYSEARCA: IWM closed at 164.88 a week ago, marginally hanging onto its 50-Daily Moving...
Why “Not QE” Is QE: My Thoughts On Current Monetary Policy
“I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.” – Alan Greenspan
Imagine if Federal...
CVS Earnings Beat Estimates, Stock Price Heading Higher
CVS (stock ticker: CVS) Weekly Chart Grid
CVS reported earnings that broadly beat the street’s estimates on Wednesday, February 12.
CVS reported adjusted EPS of $1.73,...
UBS Upgrades Micron (MU): Cycles Point to Higher Prices Into Summer
Micron NASDAQ: MU Weekly Chart Grid
On Wednesday, UBS analyst Timothy Arcuri upgraded Micron's stock (MU) from neutral to buy.
He also raised his price target...
Stock Market Today: Buying Across Global Equities
Stock markets around the world have been resilient in the face of negative news. Some may call it a "climbing the wall of worry",...
Corporate Earnings Anemic Growth: S&P 500 Gains Due to Multiple Expansion
Saying 2020 has been a news-filled year so far is probably an understatement.
We have had an escalation of conflict between the U.S. and...
Stock Market Today: Nasdaq Lifting Indexes Higher
Technology stocks are leading the broader stock market higher, with the NASDAQ Composite and NASDAQ 100 outperforming and at all-time highs.
In today's video, we...
