Stocks saw elevated volume and volatility last week, and the 100-day simple moving average on the S&P 500 proved to be the proverbial line-in-the-sand for bullish investors. I opined last week that the market seemed to have sufficiently cycled back down to oversold territory, so with a little more technical consolidation and successful testing of nearby support levels, the next move higher could easily commence at any time. So, the question remains as to whether that was the big new buying opportunity, or whether more backing-and-filling is needed.

By Meena Krishnamsetty (Insider Monkey Editor)

walter / Tag: AIG. ZNGA, EQIX, GOOG, ILMN, MSFT, RF / 0 Comments

by David Brown, Chief  Market Strategist

David Brown

David Brown

The market doesn't seem to know which way it wants to go. Last week was literally the mirror image of the previous week. The best style/cap two weeks ago was Small-cap Value; last week it was the worst (-3.4%). The worst style/cap two weeks ago was Large-cap Growth; this week it was the best (-1.9%).

david / Tag: ABT, ACS, alpha, CISG, ILMN, market stats, S&P500, VIP BTU, XRX / 0 Comments