Author: Deron Wagner

Momentum from the previous day’s solid close enabled stocks to jump higher out of the starting gate yesterday morning, but subsequent intraday strength failed to develop. After oscillating in a sideways range throughout...

Firmly breaking out above resistance of their 50-day moving averages and the previous week’s “swing highs,” the major indices kicked off March with a solid session of gains. After gapping higher on the open,...

Wrapping up the month of February with neither a bang nor a whimper, stocks quietly drifted sideways through the entirety of last Friday’s session before finishing near unchanged levels. The Nasdaq Composite edged 0.2%...

A scary start turned into an encouraging finish yesterday, as stocks clawed their way back from sharp morning losses to finish only slightly lower. The major indices gapped down nearly 2% on the open, drifted in a narrow,...

Finding a bit of support at their 20-day exponential moving averages yesterday, the major indices bounced to recover a majority of the previous day’s losses, but lighter volume undermined the bounce. After a whippy session...

The indecisive, range-bound chop of the preceding several days resolved itself yesterday, as the main stock market indexes made a decisive move. Unfortunately for the bulls, the break of the range was to the downside. A worse...

After gapping higher on the open, stocks abruptly reversed lower yesterday morning, but stabilized less than an hour into the session. Thereafter, the major indices chopped around in a tight, sideways range throughout the rest...

As is frequently the case on monthly options expiration days, last Friday’s session was indecisive and non-committal, causing the broad market to finish near the flat line. Not surprisingly, news of the Fed’s...

The bulls propelled stocks to another session of gains yesterday, as the major indices came into contact with key resistance levels of the broad market’s month-long correction. Equities chopped around in the first hour of...

Stocks followed up the previous day’s rally with a round of modest, broad-based gains in a mixed-volume session. After opening higher, the major indices fell back to the flat line at mid-day, but the broad market grinded...