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After a one-day pullback on Tuesday, the market was once again back in rally mode throughout most of the day. And despite a late-session pullback in stocks, the impressive gains we’ve seen on Wall Street over the past several weeks have pushed the value of the S&P 500 above short-term technical trend lines.
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Looking back over the landscape of the markets, the S&P 500 Index hit an intra-day low of 666 on March 6, 2009. Since that point, the market has rallied more than 16% through yesterday’s close. It begs the question — could this rally extend higher?
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Looking back over the landscape of the markets, the S&P 500 Index hit an intra-day low of 666 on March 6, 2009. Since that point, the market has rallied more than 16% through yesterday’s close. It begs the question — could this rally extend higher? […]
Looking back over the landscape of the markets, the S&P 500 Index hit an intra-day low of 666 on March 6, 2009. Since that point, the market has rallied more than 16% through yesterday’s close. It begs the question — could this rally extend higher? […]
Tuesday’s huge, and I do mean huge, buying spree on Wall Street was a welcome relief from all of the losses we’ve seen this year. And while I think it’s great to see that buyers are still willing to step in and do their thing, what we have to realize is that one big up day does not make a trend.
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Tuesday’s huge, and I do mean huge, buying spree on Wall Street was a welcome relief from all of the losses we’ve seen this year. And while I think it’s great to see that buyers are still willing to step in and do their thing, what we have to realize is that one big up day does not make a trend. […]
Monday’s huge market sell-off pushed stocks to levels we haven’t seen since 1997. The selling early this week, along with the bounce that took place in Wednesday’s session, has many people wondering if we have just seen the capitulation sell-off that Wall Street has been hoping will occur.
[…]
Monday’s huge market sell-off pushed stocks to levels we haven’t seen since 1997. The selling early this week, along with the bounce that took place in Wednesday’s session, has many people wondering if we have just seen the capitulation sell-off that Wall Street has been hoping will occur. […]
Monday’s huge market sell-off pushed stocks to levels we haven’t seen since 1997. The selling early this week, along with the bounce that took place in Wednesday’s session, has many people wondering if we have just seen the capitulation sell-off that Wall Street has been hoping will occur. […]
The bulls saw a glimmer of hope in Tuesday’s trading session, with the major averages enjoying one of their best days in a very long time. Tuesday’s bounce came courtesy of Federal Reserve Chairman Ben Bernanke, who said that our nation’s banks would not be nationalized and that we could be out of this recession by the fourth quarter of 2009 — if all goes right. […]
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