We’re starting to see a shift in the momentum of the market as the S&P 500 and other major indices are consolidating after a strong beginning of the year may have some traders looking to lock in profits ahead of what has become a seasonally weak week of trading. To date, the S&P 500 is [...]
Earlier this week I wrote about the Golden Cross pattern currently forming on the S&P 500 Index (Click here to read A Golden Opportunity for the S&P 500 on the Horizon). This bullish pattern, when completed, has some impressive bullish implications for the market, but aside from investing in an index-based exchange traded fund (ETF), [...]
The S&P 500 finished the year stronger than many expected it might as investors took opportunities to buy some groups of stocks “on the dips”. For the most part, the strength in the market has been constrained to certain sectors like the Consumer Staples, Utilities and Retail, with other more traditionally leading sectors like Technology [...]