The S&P 500 attempted to break above its high of May 2011 last week and was briefly trading at multi-year highs. That May 2011 high which is around 1370 for the S&P 500 (red horizontal line in chart) is a very important resistance area. In technical...
Markets closed the first half of the year with a bang. Through June 24th the S&P 500 was up just over 1% for the year. Then, in the last four days of June the market rallied over 4% to bring the S&P 500 up to a total return of 5.01% for the first half of the...
Yesterday’s (May 6th, 2010) Market Action and the Real Reason for the Fall Stock markets fell sharply yesterday (see below) with the DJIA (Dow) falling nearly 1000 points intra-day. The market rallied back from the extreme losses but still closed the day down over 3%...
Complacency in the Stock Market Summary Emotions are the greatest force that drives the markets Extreme fear has historically accompanied major market bottoms Extreme greed combined with complacency have historically been present at market tops A prudent money manager...
