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The market resiliency continued into last week with a positive return for the eighth time in the past ten weeks. There are some cracks beneath the surface though, particularly with earnings starting to disappoint on a large scale - most notably with Microsoft (MSFT) and Google (GOOGL). Tech is starting to lag some - with
Technical Outlook: First legitimate sell-off on SPX yesterday since April 7th. SPX finished the day trading below the 5-day moving average. Watch the rising trend-line off of the February 11th lows. Currently the trend-line sits at 2087. A slew of earnings came out last night and this morning resulting in hard sell-offs in
Futures are looking ‘okay’ right now, but there is some fair value cooked into them. For instance, the Nasdaq isn’t down only a few points, instead, it is down about 1% from where it closed the day at 4pm eastern. From the looks of things with Google (GOOGL) and Microsoft (MSFT) putting
SharePlanner Reversal Indicator is trying to point north again. However, no confirmation has occurred, but it won’t take much for it to do so if Friday results in a significant rally or we have another similar rally next week to what the market has become accustomed to of late. Not factored into the Weekly SPRI
The market is still trying to rally today, and up barely a smidge, and this is despite Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL) and Apple (AAPL) being ghastly in the red today. Internals are not that great either. Nothing great or trendy with the TICKS, VIX is
Technical Outlook: Another melt up into the close while lagging throughout the morning. This has been the trend over the past two days, where the market is unable to garner any traction throughout the trading sessions until the afternoon when the buyers come in during the afternoon and drive the market higher. Yesterday’s volume was
Market and stock analysis including $SPX $SPY $QQQ $IWM $COMPQ $STT $FB $AMZN $NFLX $GOOGL $USO Enjoy!