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Stocks Within a Correction
February 8, 2019, 7:26 AMThursday's trading session was bearish, as investors took short-term profits off the table following stocks' recent rally. The S&P 500 index got closer to the 2,700 mark again. So is this just a downward correction or some new downtrend?
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Topping Pattern or Just Quick Correction Before Another Leg Up?
February 7, 2019, 7:22 AMStocks slightly retraced their recent advance yesterday, as investors took some short-term profits off the table. The S&P 500 index remained above the 61.8% retracement of its September-December sell-off. Is this a topping pattern or just a correction within the uptrend?
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Stocks Push Even Higher, but Correction Looms
February 6, 2019, 7:38 AMThe broad stock market continued its short-term uptrend yesterday, as investors' sentiment remained bullish following the recent quarterly corporate earnings, economic data relases. The S&P 500 index is now above the 61.8% retracement of its September-December sell-off. So will the uptrend continue despite some clear technical overbought conditions?
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S&P 500 Higher Again, Will Uptrend Continue?
February 5, 2019, 7:33 AMStocks extended their short-term uptrend once again yesterday, as investors' sentiment remained bullish following the recent quarterly corporate earnings, economic data relases. The S&P 500 index breaks slightly above the 61.8% retracement of the September-December sell-off. So will the uptrend continue? Or is this a topping pattern ahead of a downward reversal?
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Stocks Going Sideways, Flat Correction or Some Topping Pattern?
February 4, 2019, 8:03 AMStocks were mixed on Friday, as investors hesitated following the recent advances. The S&P 500 index remained above the 2,700 mark. So will the uptrend continue? Or is this a topping pattern ahead of a downward reversal?
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