Call toll-free 800.328.1267
[showmodule id=”58959″]
Each week we check the American Association of Individual Investors sentiment survey. This week, only 22.7 percent of respondents were “bearish.”
It was the lowest negative reading since January 2. It’s also noteworthy that CNN’s Fear and Greed index remains in “extreme greed” territory, versus “fear” one month ago.
Finally, the VIX closed last Friday at its lowest level (20.8 percent) since the pandemic began. However it’s still above the 15 percent average in the pre-Covid days.
Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight positive week. More than four-fifths of the index's members advanced,...
Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to...
Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits above Wall Street estimates. However...