ADP data, followed by the non-farm payrolls report, are two significant events on tap to move the market this week.
Should you sell in May and go away?
Raises the odds that Apple will face a first-quarter low test in the $93 range.
It could mount a larger scale rally, but its technicals won’t improve until it closes above 4500
The computer maker is expected to have the power to fill Monday’s gap up to 4500, or drop the index into 4380.
The oil and gas sector is overdue for a large-scale decline, but sell signals have been elusive in the last few weeks.
It's hard to visualize a bullish outcome without the participation of big-tech growth stocks.
The markets are telling traders to take profits, tighten stops and raise cash. But despite these observations, it’s unlikely the bottom will drop out any time soon.
Financials will lead Thursday’s earnings schedule, while Alphabet and Microsoft after-hour reports also need to be watched.