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Friday's Bounce Gave Bulls Some Hope, Stocks at a Crossroads, or a Cliff?
March 5, 2018, 6:58 AMFriday's trading session brought an intraday rebound of the main U.S. stock market indexes. They opened lower and continued short-term downtrend before bouncing off and closing between -0.3% and +1.1% vs. their Thursday's closing prices. Was this a final sell-off within a downtrend from Tuesday's local high? The broad stock market may have found at least some temporary bottom, but will it continue upwards or just go sideways?
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Fears of a New Downtrend
March 2, 2018, 7:15 AMStocks extended their short-term downtrend on Thursday, as the main indexes broke below their previous week's consolidation. Investors' sentiment worsened following U.S. trade tariffs plan announcement, among others. The market retraced more of its almost three-week-long rebound off February 9 low. Is this a new downtrend or just downward correction within an uptrend? Where is potential short-term support level?
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Dark Cloud Covers Blue Chip Stocks
March 1, 2018, 6:59 AMYesterday's trading session brought the main U.S. stock market indexes 0.8-1.5% down, as investors' sentiment worsened following Tuesday's downward reversal. Stocks broke above their short-term consolidation on Monday, but they failed to continue higher. Consequently, they fell into their last week's consolidation and the S&P 500 index got closer to 2,700 mark again. Stocks are expected to open lower today, but they may retrace some of their two-day-long sell-off. Where is a potential support level?
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More Volatility as Stocks Reverse Lower, Rebound Falters Again
February 28, 2018, 6:59 AMThe U.S. stock market were more than 1% lower yesterday, as investors' sentiment worsened again. Stocks broke above their short-term consolidation on Monday, but they failed to continue higher. Which direction is next? Was Tuesday's decline just quick downward correction or new downtrend? Stocks are expected to open virtually flat today, but will they retrace their yesterday's move down?
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