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Tech Giants Lead Market Higher, but Correction Risk Growing
February 27, 2018, 6:58 AMStocks broke above their week-long consolidation yesterday, as investors' sentiment improved following relatively flat correction within an uptrend from the early February panic lows. Which direction is next? Will bulls drive prices even higher and closer to their late January record highs? Or will this move up fade? The S&P 500 index extends its short-term uptrend, as it retraces more of its recent sell-off. Stocks are expected to open lower today, but will yesterday's advance really fade?
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Stocks Break Higher but Their Rally May Fade
February 26, 2018, 6:58 AMStocks rallied on Friday, but they remained within their week-long consolidation. Which direction is next? Will bulls drive prices higher this week? Or will Friday's move up fade today? The S&P 500 index continues to trade along the level of 2,700-2,750, and it is still around 4.4% below its late January all-time high. Stocks are expected to open higher today, but will they continue upwards after 9:30 a.m.?
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Week-long Fluctuations, What's Next?
February 23, 2018, 6:57 AMStocks were mixed on Thursday, as they extended their short-term consolidation following rally from February 9 lows. Once again, the intraday uptrend reversed and the main U.S. stock market indexes retraced most of their daily gains. The S&P 500 index continues to trade along the level of 2,700-2,750, and it is still around 5-6% below its late January all-time high. Stocks are expected to open higher today, but will they continue upwards this time?
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Stocks Fail to Hold Gains, But Still No Correction
February 22, 2018, 6:59 AMThe first part of yesterday's trading session was controlled by the bulls and the S&P 500 index was gaining ahead of the FOMC Minutes release at 2:00 p.m. Then the uptrend reversed and stocks fell below Tuesday's closing prices. Investors continued taking short-term profits off the table after week-long move up from previous Friday's lows. The market trades around 6% below its late January all-time high. Stocks are expected to open slightly higher today, but will they extend their yesterday's late session sell-off or bounce and continue trading within three-day-long consolidation?
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More Uncertainty After Week-Long Rally, No Correction So Far
February 21, 2018, 6:58 AMS&P 500 index lost 0.6% yesterday, as it retraced some of its last week's rally following long holiday weekend. Investors took short-term profits off the table after week-long move up from previous Friday's lows. The market continues to trade around 5% below its late January all-time high. Stocks are expected to open slightly negative today, but will they continue lower?
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