Stocks continued higher last week as sector rotation has kept the major averages moving higher. The regional banks led in the early stages of the rally but peaked on July 8 before correcting for six-seven days. They turned higher late last week and may be ready to lead the market higher again …read more
Source: FULL ARTICLE at Forbes Latest
Stocks managed solid gains again on Wednesday as the much better than expected earnings from Bank of America (BAC) increased the enthusiasm for stocks. Testimony by Fed Chairman Ben Bernanke was also reassuring as he repeated that there was no firm timeline for stopping the stimulus. Yields declined further in reaction to his comments which was inline with the technical outlook. …read more
Source: FULL ARTICLE at Forbes Latest
Stocks closed lower Friday, breaking a four-day winning streak, although the Dow almost made it back to positive territory after falling quite a bit in early trading. Though the widely anticipated earnings from JPMorgan Chase (JPM) and Wells Fargo (WFC) were better than expected, both stocks fell.
Stocks again finished the day on a strong note as the early selling was absorbed by the market. Another new closing high for the Dow Industrials this week has yet to be matched by the S&P 500 but may be before the end of the week.
Source: FULL ARTICLE at Forbes Latest
Stocks put in another resilient performance Monday as they spent most of the day in negative territory, but were able to close higher, with the S&P 500 gaining 0.63%. The Dow Jones Transportation and S&P 600, which had been underperforming were stronger, up 0.90% and 0.91% respectively. …read more
Source: FULL ARTICLE at Forbes Latest
Stocks closed mixed Tuesday and the market internals were weaker than prices for the first time all year. The Dow Industrials and S&P 500 were both up over 0.5% but more stocks declined than advanced. This now makes this week’s close more important. …read more
Source: FULL ARTICLE at Forbes Latest
Stocks finished the holiday-shortened week on a firm note, as the S&P 500 reached an all-time closing high on both a daily and weekly basis. …read more
Source: FULL ARTICLE at Forbes Latest
Stocks shrugged off a drop in consumer sentiment and rumors from the Eurozone to put in a strong performance Tuesday suggesting prices may be ready to break out of their recent trading range. …read more
Source: FULL ARTICLE at Forbes Latest
Stocks are down early Thursday afternoon, with the S&P 500 down 0.45%. Important support to trade against is 1538-1545. The longer we stay above this area, the higher the probability we could take out pivot resistance at 1557-1563. …read more
Source: FULL ARTICLE at Forbes Latest
By Richard Henry Suttmeier, Contributor
Stocks are trading under the influence of a reconfirmed Dow Theory Buy Signal with new all time closing highs set on the Dow Industrial Average and Dow Transportation Average at last Thursday’s closes at 14,539.29 and 6281.29 respectively. …read more
Source: FULL ARTICLE at Forbes Latest
By Peter Cohan, Contributor Stocks have risen at a 22% annual rate since the S&P 500 bottomed at 683 in March 2009. That sure beats sticking your money in a money market fund earning 0.48%. But is now the time to get into stocks or have their prices risen too far? Here are five reasons to bet on stocks.
Source: FULL ARTICLE at Forbes Latest
