Bears Stay Aggressive as VIX Clears 20 U.S. markets showed continued weakness on Monday as a rise in the U.S. dollar and lingering worries about global trade weighed on sentiment. Oil price concerns also played a role after Saudi Arabia said it would cut its oil production, while the Organization of the Petroleum Exporting Countries said it is also considering a more sweeping reduction of...
Continue reading >>Bulls Get Weekly Win but Technical Outlook Remains Weak U.S. markets ended the week on a sour note as a plunge in oil prices and uneasiness about the housing market resurrected fears of an uncertain path for the economy, both here and abroad. Oil is near its lowest level in eight months after dipping below the $60 level for the first time since February.The damage was mostly limited as...
Continue reading >>Bulls Get Back-to-Back Wins U.S. markets wrapped up a volatile month with the S&P 500 and Nasdaq closing higher in back-to-back sessions for the first time since September. The recent rebound is signaling a possible near-term bottom is in but the rest of the week has a number of high profile earnings due out.The longer-term technical outlook remains slightly bearish but the major indexes...
Continue reading >>Bulls Get Back-to-Back Wins U.S. markets wrapped up a volatile month with the S&P 500 and Nasdaq closing higher in back-to-back sessions for the first time since September. The recent rebound is signaling a possible near-term bottom is in but the rest of the week has a number of high profile earnings due out.The longer-term technical outlook remains slightly bearish but the major indexes...
Continue reading >>Bulls Get Back-to-Back Wins U.S. markets wrapped up a volatile month with the S&P 500 and Nasdaq closing higher in back-to-back sessions for the first time since September. The recent rebound is signaling a possible near-term bottom is in but the rest of the week has a number of high profile earnings due out.The longer-term technical outlook remains slightly bearish but the major indexes...
Continue reading >>Bulls Get Back-to-Back Wins U.S. markets wrapped up a volatile month with the S&P 500 and Nasdaq closing higher in back-to-back sessions for the first time since September. The recent rebound is signaling a possible near-term bottom is in but the rest of the week has a number of high profile earnings due out.The longer-term technical outlook remains slightly bearish but the major indexes...
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