|Day's Range||13,228.74 - 13,261.77|
|52 Week Range||12,048.66 - 13,637.02|
MKM Partners' JC O'Hara argues the "Hindenburg Omen," an indicator that sparks fears of an impending market crash, could be wrong this time. Many of the New York Stock Exchange issues making new 52-week lows are assets that track international stocks, which have been taking a beating lately because of the trade war. "We do note that the Hindenburg Omens have appeared near many market tops, but not every Omen turns into a market top," O'Hara says.
Although the Dow Jones Industrial Average and the S&P 500 are losing ground, breadth data on the NYSE is painting a bullish picture. The number of advancing stocks outnumbered decliners 1,549 to 1,248, and the volume of advancing stocks represented 64.5% of total volume. The Dow was down 15 points and the S&P 500 slipped 0.1%. Meanwhile, the NYSE Composite Index gained 0.3%. On the Nasdaq exchange, however, decliners outnumbered gainers 1,583 to 1,173, and advancing volume was just 43.7% of total volume. The Nasdaq Composite declined 0.5%.
The Zacks Analyst Blog Highlights: Korn/Ferry International, Cypress Semiconductor, SkyWest, eXp World Holdings and Advance Auto Parts
In the stock market, distribution days are like wine. A glass or two is fine. It's social, it's probably good for your digestive system. But one too many will send you reeling.
The Nasdaq commanded the upside again and growth stocks showed strong moves on Thursday. The NYSE composite edged slightly lower and fell for a third day in a row.
** S&P 500 riding 3-week win streak, gallops 1.6 pct higher ** At first, NYSE Composite was ticked off , and S&P Futures stepped into sticky patch ** But after Dow Futures revved up, and some pause and ...
Sell in May and go away? Not this year. Expect a June swoon? Don't hold your breath. These old market adages are in the past, says LPL Financial's Ryan Detrick.
But gains for the major stock indexes faded Monday morning, but it didn't take long for buyers to back as indexes were near session highs in afternoon trading.
Doug Ramsey, Leuthold Group chief investment officer, and Barry James, James Investment Research president and portfolio manager, discuss some of the factors impacting the market right now including the Federal Reserve and the rotation from growth to v...