The top five in the Nasdaq 100 are done reporting 2Q. They have had their post-earnings reaction – mostly positive. This is occurring even as the index just got repelled at six-month channel resistance. If bulls do not put their … Continued
The Nasdaq 100 index does not act well. Is it purely rotation or a reflection on the economy or on the 1Q17 earnings season that begins next week? After rallying for seven consecutive months, the index lost 2.5 percent in … Continued
In the right circumstances, U.S. stocks have room to rally – at least in the near-term. After the recent pullback, U.S.-based stock funds attracted $14.1 billion in the week ended July 8 – biggest inflows since mid-December (courtesy of Lipper). … Continued