|Day's Range||12,858.76 - 12,907.08|
|52 Week Range||10,724.19 - 13,261.77|
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...
The Nasdaq Composite's chart flashed a "golden cross" pattern on Wednesday, to join the other major market indexes in producing the bullish trend pattern. A golden cross appears when the 50-day moving average crosses above the 200-day moving average, a technical event that many chart watchers believe marks the spot at shorter-term rally transitions to a longer-term uptrend. The Nasdaq's 50-DMA rose to 7,496.004 from 7,478.580 on Wednesday, while the 200-DMA edged up to 7,491.966 from 7,491.240. The last golden cross appeared on May 19, 2016, and the Nasdaq rose 50% until the opposite bearish "death cross" appeared on Nov. 27, 2018. The Nasdaq's cross comes two-days after the S&P 500 produced its golden cross and two weeks after the Dow Jones Industrial Average produced its bullish cross. The NYSE Composite and Dow Jones U.S. Total Stock Market Index have produced golden crosses this week, while the Russell 2000 and the Dow Jones Transportation Average are still weeks away.
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.
Warning! GuruFocus has detected 2 Warning Sign with ATVI. M: Market direction (how you can learn to determine it). Getting back to market direction, you need a proven and reliable method that will help you determine market direction (bull market or bear market) with confidence.
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.
The Zacks Analyst Blog Highlights: Korn/Ferry International, Cypress Semiconductor, SkyWest, eXp World Holdings and Advance Auto Parts
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.