With Spring In Feet This Week, Stocks Need Successful Breakout Retest To Prove Move Is Real

Breakouts galore! The three U.S. equity indices discussed here all broke out this week in one form or another. The Russell 2000 small cap index and the Nasdaq composite rallied to fresh new highs, even as the S&P 500 large … Continued

Relief Rally Underway, Even As VIX In Process Of Forming Golden Cross

posted in: Derivatives, Equities, Technicals | 0

On major U.S. equity indices, buyers stepped up to the plate just where they needed to.  Can they sustain it? From peak to trough, after reaching an all-time high on March 1 (2400.98), the S&P 500 large cap index shed … Continued

Dow On Pace To Creating History, Even As Sources Of Tailwind Stretched

posted in: Economy, Equities, Technicals | 0

The Dow Industrials is on pace to creating history this week.  Last Friday, it rose for 11 sessions in a row, for a cumulative gain of 3.8 percent.  The longest streak was recorded in January 1987 when it rallied 11 … Continued