Weekly Market Update for September 28, 2023, from DeWayne Hall: Breakout in Stocks Favors the Bears
Weekly Market Update for September 28, 2023, from DeWayne Hall: Breakout in Stocks Favors the Bears On cue, the U.S. market saw a breakout in stocks this week, placing the bears in control for now. Late Tuesday, the SPX 4,300 area was reached, which has allowed the bears to plant their flag that we may […]
Weekly Market Update for September 22, 2023, from DeWayne Hall: Will the bulls break out at the end of the third business quarter?
Weekly Market Update for September 22, 2023, from DeWayne Hall: Will the bulls break out at the end of the third business quarter? For the better part of the third business quarter, the U.S. stock market has been stuck in a range, and we’ve been waiting for a dominant trend to emerge. Well, sports fans, […]
Stock Breakout Coming Soon: Weekly Market Update for September 15, 2023, from DeWayne Hall
Weekly Market Update for September 15, 2023, from DeWayne Hall: Stock Breakout Coming Soon Well, we’re waiting. Stocks remain in a tightening range between SPX 4,330 and 4,540, and a stock breakout in either direction should determine the direction for the remainder of the year. Which way will the stock breakout go? It’s starting to […]
Weekly Market Update for September 8, 2023, from DeWayne Hall: Watching the September Stock Pullback
Is the market closing 2023 with a stock pullback? Time will tell. Read DeWayne Hall’s Weekly Market Update for some idea of how the end of this year could go.
The Stock Market Bull Run Continues: Weekly Market Update for August 31, 2023, from DeWayne Hall
Weekly Market Update for August 31, 2023, from DeWayne Hall: The Stock Market Bull Run Continues What a difference a couple of weeks make. We’ve been range-bound between the S&P 500 4,300 and 4,600 levels for the better part of the summer, needing a breakout in either direction to tell us where we’re headed for […]
SPX Levels Impact Investment Strategy: Weekly Market Update for August 25, 2023, from DeWayne Hall
Weekly Market Update for August 25, 2023, from DeWayne Hall: SPX Levels Impact Investment Strategy The U.S. stock market is pulling back from sixteen-month highs. So far, the word benign best defines this retreat, as the S&P 500 bounced off our critical line in the sand. That’s good news for the bulls, for now, and […]
Weekly Market Update for August 11, 2023, from DeWayne Hall: Stock indexes have potential as market rally slows
Weekly Market Update for August 11, 2023, from DeWayne Hall: Stock indexes have potential as market rally slows Same song, third verse. We’ve been saying ad-nauseam that we believe the U.S. stock market is approaching the closing stages of an impressive ten-month bear market rally, and stock indexes will soon be rolling over as we […]
Weekly Market Update for August 4, 2023, from DeWayne Hall: Fitch Ratings Downgrade the U.S. Credit Rating
Weekly Market Update for August 4, 2023, from DeWayne Hall: Fitch Ratings Downgrade the U.S. Credit Rating Stocks got a shot across the bow this week, as the Fitch Ratings service dealt the U.S. a surprise and very rare credit rating downgrade, which gave traders a good scare mid-week. But it was just a shot, […]
Weekly Market Update for July 28, 2023, from DeWayne Hall: Market Volatility Drives Stocks Higher
Weekly Market Update for July 28, 2023, from DeWayne Hall: Market Volatility Drives Stocks Higher The U.S. stock market remains smoking hot, almost too hot. The S&P 500 is trading at its highest level since April of last year, while the Dow Jones Industrials just ended a 13-day winning streak, THE LONGEST STREAK SINCE 1987 […]
Weekly Market Update for July 21, 2023, from DeWayne Hall: As the Summer Heat Rises, Trading Volume Remains Low
Weekly Market Update for July 21, 2023, from DeWayne Hall: As the Summer Heat Rises, Trading Volume Remains Low U.S. stocks continue to build out a topping pattern. We think we’re slowly approaching the 7th inning stretch of the slow turn, but the dog days of summer should allow the bull a little longer to […]