Stocks Show Signs of Stabilizing

October 16, 2014

U.S. stocks showed signs of stabilizing today after bouncing off some key price-support levels yesterday afternoon and closing on Wednesday at a fraction of the day’s lows. Although the Dow Jones Industrial Average closed slightly down today, the S&P 500 Index, Nasdaq composite Index and small-cap ... read more.

 

The fact that the cumulative advance-decline line for stocks that trade on the New York Stock exchange, as well as the percentage of NYSE-stocks that have closed above their 200-day moving average, moved higher today while the Chicago Options Board Volatility Index moved lower ... read more(More News Below).

 

10/13/14: Our research indicates that stocks will continue to trend lower over the next few months ... Enter your name and email address in the form above to continue reading and to receive our FREE Weekly Commentaries!

Stocks Get Clobbered While Our Clients Sit in Cash

Stocks fell sharply today after the U.S. Department of Commerce announced that sales at U.S. retail stores declined during September for the first time since January and the Federal Reserve Bank of New York reported that its survey of purchasing managers indicates that manufacturing activity in that region of the country slowed considerably over the past four weeks.

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Stock Markt Indices Hold Near Key Price-Support Levels

The major U.S. Stock market indices held near some key price-support levels on Tuesday, after stocks fell to oversold territory on Monday. However, all of the major indices remained below their 200-day moving averages. Meanwhile, Japan’s Nikkei 225 Index fell to its lowest level since August 8, declining 2.4% compared to Monday’s close.

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