|Day Low/High||45.77 / 46.72|
|52 Wk Low/High||44.50 / 62.53|
Even if a rally develops between now and the weekend, stocks and indices are still trading below major resistance.
Volatile times, creative measures: Here's how B.C.'s student-run portfolio managers learn to hedge their existing positions.
Several longer-term indicators offer insight into where stocks are headed.
Global stock market competition highlighted the year in new issues.
Though the low put/call ratio readings are troublesome, bullish arguments can be found.
Investors' response to its Dutch auction stock offering keeps the hype in check.
The ECB/BOE interest rate meeting is likely to influence the jobs report; plus, keep an eye on the commodity markets.
It's troubling that today's rally was accompanied by absolutely no pickup in volume.
It could be sideways, a one- or two-day whack, or even something more.
The market appears to be heading for a down move next week, though the beginning of a month often sees an uptick.
It would provide a clear signal of the negative divergences going into next week.
But it will take more than a few negative signs to turn the market back down.
Some indicators say stocks are tired, while others say any decline should be contained.
Bonds have gone in an unexpected direction and everyone now seems to have gold fever.
An evaluation shows an equal weighting between what is right and what is not with the current market indicators.
The Fed's surprising rate cut boosted the markets and indicates another down day probably won't come for a while.
On the surface, it looked like a mild down day, but a closer inspection of the statistics shows it was much worse.
But next week's Fed meeting, brokerage earnings, expiration and CPI/PPI reports could bring on a short-lived decline.
The upcoming Fed meeting next week will likely keep the market unbalanced.
If it takes the market down, it would be part of the overbought pullback; if it goes up, the pullback is over.
Afterwards, the rally should resume and continue if the indices statistics improve -- or end, if they do not.
The market appears to have gotten ahead of itself and is in need of a pullback.
Why isn't this group isn't rallying ahead of Bernanke's much anticipated speech on Friday?
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