The buy signal on the monthly S&P 500 cycle kicked in last week, raising the market as projected. The advance-decline line has hit a new high. Here are two long recommendations. The Symantec weekly cycle turns up in this week. All six buy signals have proven profitable in the last year. Daily momentum has put […]
Equity futures are pointing to a higher start to the week on Wall Street. This comes after a week that saw the major U.S. indexes rise at least 1.5 percent. Equity futures are pointing to a higher start to the week on Wall Street. This comes after a week that saw the major U.S. indexes […]
Analysts are calling it “Cannabis 2.0.” The term references the next wave of the Canadian adult-use recreational marijuana market. On Oct. 17, 2019, the country’s legalization of cannabis derivatives, including beverages, edibles, and vapes, will go into effect. Canada’s current “Cannabis 1.0” recreational market legalized only cannabis flower, oils, plants, and seeds. Don’t expect the […]
Stock Markets Despite the turmoil and a shortened week, U.S. stocks finished higher for a second week in row. To follow suit the S&P 500 entered a range that appears to be about to reach a record high. The rally was driven again by positive news around the U.S. and China trade talk advancement which […]
Major benchmarks traded in a narrow range Friday but ended the week with a session that was mostly positive. Advancing issues outnumbered decliners, and the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) managed to finish with small gains. Energy and materials were the strongest sectors, while big technology stocks were […]
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 1.6% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past […]
Bespoke Investment’s Paul Hickey believes a market hot streak is unfolding. The independent market researcher is building his bullish case by zeroing in on the Citi Economic Surprise Index, which is built to measure optimism in the economy. In the week ending Friday, the index flipped into positive after spending more than 100 days in […]
The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump’s pattern of vacillating between threats and cease-fires on the topic. At the beginning of August, the markets were sent into a tailspin by President Trump’s threat to impose tariffs on another $300 billion of Chinese imports. The […]
Major benchmarks traded in a narrow range Friday but ended the week with a session that was mostly positive. Advancing issues outnumbered decliners, and the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) managed to finish with small gains. Energy and materials were the strongest sectors, while big technology stocks were […]
U.S. stocks have put together an impressive couple of days, with the S&P 500 rallying over 3% from this week’s lows. While the action has been solid, Thursday marked the turning point. In the stock market today, we saw a bevy of buyers, with major U.S. indices hitting their highest levels in more than a […]
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 1.6% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past […]
A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August. After the S&P 500 .SPX suffered its first monthly drop since May, in part because the […]
