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 […]
Weekly Market Update for July 14, 2023, from DeWayne Hall: U.S. Stock Indexes About to Max Out?
Weekly Market Update for July 14, 2023, from DeWayne Hall: U.S. Stock Indexes About to Max Out? U.S. stock indexes are on a heater. The U.S. indexes (and those of most other countries) continue to rise along with the temperatures in what we believe is the middle innings of a topping formation. Bulls keep charging ahead, […]
Market update July 7, 2023
Weekly Market Update for July 7, 2023, from DeWayne Hall: Are we seeing a topping pattern in the short-term? U.S. equities still appear to be in a topping pattern in the short-term (one to three months). Hey, there’s no shame in stocks taking a breather, especially after their movement in the first half of ’23. […]