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Thursday was another bad day in the market. Analysts say this moves the major indexes into a “correction.” News reports state that investors have pulled out 24 billion from stock funds in the last week. However in the pre- market it looked like Futures prices pointed to a market rebound this morning. Discussion of future Interest rate hikes this year have also worked against higher stock prices. Bond Market pricing shows a marketplace concern about increased government spending.
S&P 500 Overview: Quiet melt-up continues Volatility low as money shifts between sectors.Defeated at 2800, what can bears do now?At current pace, "golden cross" in seven sessions.Lyft, Uber, Pinterest IPOs will likely draw Main Street attention to stock...
S&P 500 Overview: Upward momentum appears intact Index bounces at 200-day MA after pulling back from 2800.Fear indexes like VIX, gold and yen refusing to rally.Watch for breakout from tight range, possibly on Brexit clarity. Economy Refuses to Quit January retail...
S&P 500 Overview: Will 2800 Prove Resistance? Key level from last October, November, December.Index is furthest from 50-day MA greatest since 1/26/18.Good news of China calm priced in -- for now.Need signal before looking to get short.Likely better to focus on...