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Earnings Releases vs. Trade War Worries
July 20, 2018, 6:58 AMStocks retraced some of their recent advance yesterday, as investors took short-term profits off the table. Is this a topping pattern ahead of downward reversal or just a quick correction before another leg higher? We are in the midst of the quarterly earnings releases. Will they drive stock prices higher?
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S&P 500 Just 2% Below Record High, but There's More Uncertainty
July 19, 2018, 7:00 AMStocks were basically unchanged on Wednesday, as investors took short-term profits off the table following the recent rally. Is this a topping pattern before downward reversal, or just a quick flat correction before another leg up? Will quarterly earnings releases drive the market higher?
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Getting Closer to January Topping Pattern, Climbing a Wall of Worries?
July 18, 2018, 7:25 AMStocks were gaining on Tuesday despite some negative pre-session expectations following Monday's worse-than-expected Netflix's quarterly earnings release. The S&P 500 index got the highest since the early February, as investors' sentiment continued to improve after breaking above last months' local highs. There are still two possible medium-term scenarios, but the bulls are on the run right now.
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