Tag Archives: Economic Calendar

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Bullish Levels Getting Entrenched – Weekly Market Outlook

It wasn’t a pretty or a convincing bullish move, but stocks did make forward progress last week, putting some distance between them and a huge hurdle that had otherwise been holding it back since February. Still, no later than it cleared that ceiling another possible one developed. We’ll take a closer look at this new […]






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Will The Breakout To New Highs Stick This Time? – Weekly Market Outlook

The S&P 500 Index ended last week at a new high, and the technical trend momentum picture is bullish.  But we’ve seen similar moves since February reverse several times, as the market has remained in a choppy and grinding narrowing range (with a mild upside bias). The $64,000 question: Do we trust the move we just got […]






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Will The Nasdaq & Russell 2k Drag The SPX Back Down? – Weekly Market Outlook

You have to give credit to the bulls – they’re not going down without a fight. In fact, last week’s market rebound right from the brink of disaster was another impressive comeback. On the other hand, as impressive as Friday’s bounce was, stocks still aren’t over the big hurdle that’s been holding them back since February.  […]






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Still In No Man’s Land – Weekly Market Outlook 5.4.15

Despite the strong bullish effort on Friday, stock’s booked a loss for the past week. On the other hand, the market finished the week on a bullish foot, which broadly suggests we’ll hit the ground running in an upward direction this week. (It doesn’t hurt the bullish case that the longer-term trend is still technically […]






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Not The Perfect Bullish Breakout, But – Weekly Market Outlook

The S&P 500 Index (SPX) (SPY) hit a new record high last week and the close of 2117.69 was the highest close we’ve ever seen from the index — and the NASDAQ Composite’s (COMP) (QQQ) close of 5092.08 was above the recent ceiling around 5044.  The overall technical analysis picture is bullish for stocks.   But, we can’t ignore […]






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Bullish Momentum Meeting High Valuations – Weekly Market Outlook

The odds may have been a bit stacked against stocks heading into last week, but the market clearly overcame them.  All told, the S&P 500 (SPX) (SPY) gained about 1.7% last week, crossing above some key moving average lines in the process, rekindling the bigger-picture rally. Can it last? There are certainly some hurdles ahead, not […]






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Where We Stand Now – Weekly Market Outlook

Even with Friday’s bounce, the bulls couldn’t do anywhere near enough to undo Wednesday’s damage. All told, the S&P 500 (SPX) (SPY) lost 2.2% last week. The results look grim, and several of our key technical indicators are at or near bearish conditions. The breakdown hasn’t truly taken hold yet though, and we have to […]






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The Fed Gives A Boost – Weekly Market Outlook

Thanks to a little help from the Federal Reserve on Wednesday, the market broke out of a three-week-old bearish rut, and in the process may have rekindled a bigger uptrend.  In fact, technically speaking, the uptrend is back underway. We’ll handicap the market below.  First, let’s run down last week’s and this week’s economic news. […]






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Watching Closely Here – Weekly Market Outlook

Believe it or not, the S&P 500 (SPX) (SPY) lost ground last week. It was a “just barely” situation, and the Russell 2000 (RUT) (IWM) as well as the NASDAQ Composite (COMP) (QQQ) both ended the week higher even with Friday’s pullbacks. The across-the-board weakness to close out the week, however, is something to think […]






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Pretty Clear Breakout Amid Valuation Challenges – Weekly Market Outlook

It wasn’t necessarily a huge gain for the market last week, but it was an important one. Most indices tiptoed into new-high (record high) territory on Tuesday, and after stalling for a couple of days then made a bold thrust into record high territory again on Friday. All told, last week’s close of 2110.3 for […]