Yesterday I commented on the high-volume reversals that we saw in a number of the AI stocks and other aggressive growth areas…but I don’t think we’ve seen a major top in that area of the market.
The seemingly unrelenting rally in AI stocks may have faced its first technical challenge in last Friday’s session.
Investor sentiment numbers can be interpreted to suit one’s narrative; for instance, last December I noted that with a bullish consensus rising above the 50% level…
I mention frequently how important it is to consider the underlying market and regarding the stocks individually and letting them really guide where the real strengths of the market are with respect to leadership.
Over the years there have been a number of liquidity-driven rallies in the stock market, and these were often the result of a significant event; for instance, in the late 1990s...
There seems to be no taming of this bull market run...
February delivered balanced performances among the major market indexes:
The Russell 3000, S&P 500, Nasdaq & Dow Jones Industrial.
In recent reports, I've been mentioning the potential for heightened volatility and a market that could be a bit more reactive to day-to-day events and news items.
It seems that at least for the moment the buying frenzy in AI stocks may be cooling off, and that’s not such a bad thing since…
It probably isn’t difficult to make the case that the market is somewhat overbought given the gains that we’ve seen since last October, and even since the beginning of this year.
Yesterday’s big market rally featured technology, and more specifically, the AI stocks. We did see quite the enthusiastic buying…
A forefront AI company delivering a huge earnings beat after yesterday’s close.
Selling could become a bit contagious over the near term, that is as traders sense that the major market indices may be leveling off, or even rolling over a bit…
The advanced decline lines among the major market indices have exhibited steadily improving trend lines since the October lows of last year.
I think that there are increasing signs that we could see the market enter into a more extended consolidation than we’ve seen in a couple of months. This is not all bad, seeing how some of these aggressive growth stocks have…
Logic would seem to dictate that some restraint might be warranted at this point. The Dow and S&P 500 both perched at new all-time highs.
It’s Groundhog Day in Pennsylvania, but it’s anything but on Wall Street. The market continues to provide some exciting action here.
History has a way of repeating itself and I believe this statement is especially true when it comes to the stock market.
As of yesterday’s closing, and ahead of the last trading day of January, the performances of the Nasdaq and S&P 500 are very similar. In fact, they’re within 7 basis points of each other.
Much of the glory for the stock market this month has been focused on the major market indices with the Dow and S&P 500 moving into all-time record high territory.
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