A rally in stocks is when prices rise for an extended period of time. This is due to the fact that there are more buyers than sellers of stock. Once the supply of shares at any one level is exhausted and more buyers are willing to accumulate shares, the remaining sellers raise their price at which they would be willing to sell their holdings.
The market appears to have another bull leg with the DOW and S&P 500 closing higher in seven of the last nine sessions to March 6. The blue chip stocks have been especially strong, with the DOW hitting a record close of 14,296.24 and intraday at 14,320 last Wednesday. The S&P 500 is also approaching its historical high.
With the a… Read More
Spain may need to seek a bailout. Italy is not there yet, but the high yields will hurt and are unsustainable for these eurozone countries struggling with high sovereign debt and muted growth. China is facing slower growth and is planning to pump money into the economy. You need to think about a viable investment strategy.
The charts ar… Read More
The key index that provided extra gas for the most recent stock rally was the Dow Jones Transportation Average, and it did so in the face of higher oil prices. This was excellent confirmation and its recovery from late February was necessary in order for the stock market to keep on going up. The Dow Jones Transportation Average’s tech… Read More
With February in the books, the stock rally over the first two months of the year and especially in January has been more substantial than I expected. I was thinking of 1,400 for the S&P 500 if everything worked out, but with 10 months left in the year, the index is a mere 28 points from 1,400 and at its highest levels since 2008. The blue… Read More