THE MARKETS Despite a batch of late week earning disappointments and another dismal job report, the Dow Jones Industrial Average managed to finish in the plus column for the second week in a row. For the period, the Dow gained 49 points (+0.6%) and closed at 9119. It was the same story over at the [...]
THE MARKETS On the heels of Monday’s 202-point surge, the Dow Jones Industrial Average managed to finish in the plus column for the fourth week in row. Despite last Thursday’s 114-point decline, the Dow is up over 10% for the year and 22% from the March lows. Further evidence that this rally is the real [...]
THE MARKETS Despite a slew of negative news, the market continued to plow ahead last week as the Dow Jones Industrial Average finished up for the third week in a row. The Dow has gained over 800 points (+9.5%) since April 25th, and has finished higher for six of the last seven weeks. As of [...]
THE MARKETS The bulls went on a stampede last week as the majority of the averages took out major resistance areas and never looked back. The recent run up by the Dow has been confirmed by the broader indexes suggesting further gains down the road. However, the market is significantly overbought and will need to [...]
THE MARKETS The bulls remained in control last week as the major averages posted impressive gains for the holiday-shortened week. Although the market appears to be overbought at this juncture, the internals point to higher prices down the road. The Dow Jones Industrial Average ended the week up 249 points (+2.90%) and closed at 8850. [...]
THE MARKETS Despite the markets coming too far, too fast, the bears were unable to muster any serious selling pressure as the markets finished the week in the plus column. Since the March 11 low, the Dow Jones Industrial Average is now up 15%. For the most recent week, the Dow gained 74 points (+0.86%) [...]
THE MARKETS Stocks continued to move higher for the past two weeks as all of the major averages posted impressive gains. Market internals have continued to be very positive as the new bull market continued to gain momentum. For the past two weeks, the Dow Jones Industrial Average has gained 298 points (+3.59%) and closed [...]
THE MARKETS The markets continued their winning ways early last week until running into major resistance later in the week. After making a run at their January highs on Wednesday, all of the major averages pulled back for the remainder of the week. Prior to the sell off, the Dow Jones Industrial Average was up [...]
THE MARKETS As the war wound down, investors turned their focus to a slew of mixed corporate earnings reports. The Dow Jones Industrial Average managed to close above its 200-day moving average (the average closing mark on the index for the last 200 days) on both Monday and Tuesday. This was the first time the [...]
The possibility of a long, drawn out war took its toll on the market last week as both the Dow Jones Industrial Average and the NASDAQ gave back a large chunk of their previous weeks gains. Trading was dictated by hourly headlines and rumors, which resulted in triple digit rallies and retreats. [...]
