The recent correction in U.S. software stocks has created an opportunity, says Richard Davis at Canaccord Genuity, who is telling clients to inch their way back into the sector.The analyst believes it is very unlikely that the “March Meltdown” signals a repeat of 1973, 2001 or 2008, since those episodes were accompanied by meaningful economic weakness.“Investors are letting stock prices […]
A Dovish Fed Feeds the Stock Market RallyStock-Markets / Stock Markets 2014Apr 10, 2014 – 09:50 AM GMTBy: PhilStockWorld
The interim rally that began yesterday picked up steam today, assisted by 2 PM FOMC minutes, which the market saw as accommodative in removing “outdated” the 6.5 percent unemployment target for raising interest rates. The S&P 500 opened higher […]
Stock Market Forecast 2014 Thought Experiment RevisitedStock-Markets / Stock Markets 2014Feb 11, 2014 – 10:07 AM GMTBy: PhilStockWorld
Courtesy of Doug Short: With 66% of Q4-13 earnings complete, here is the latest update of my ongoing “thought experiment” for forecasting the S&P 500 price based on earnings fundamentals.The previous two months, I issued a […]
Stock Market Holiday Rally Takes a Pause
Stock-Markets / Stock Markets 2013Dec 28, 2013 – 01:13 PM GMTBy: PhilStockWorld
Courtesy of Doug Short: The S&P 500 went nowhere Friday, snapping its four-day winning streak with a fractional loss of 0.03%. Today’s inaction came on weak volume, and the 0.276% intraday range (percent change from the low to the […]
Stock Market Sentiment: Dow Industrials Weakening
Stock-Markets / Stock Market SentimentDec 16, 2013 – 03:37 PM GMTBy: PhilStockWorld
Courtesy of Declan. I have added a new market sentiment chart with relative momentum, trend and volume metrics in the one chart. As an example in the new chart, industrials (XLI) gained Thursday and Friday, but these gains were delivered […]
Stock Market All-Time Intraday High Fades at the Finish
Stock-Markets / Stock Markets 2013Nov 30, 2013 – 01:32 PM GMTBy: PhilStockWorld
Courtesy of Doug Short. On a light day of post-Thanksgiving trading, the S&P 500 opened higher and rallied to its mid-morning intraday high, up 0.35%, which set a new all-time intraday high for the index. Action moved […]
