The beauty of the stock market runs more than just skin deep. Last week the S&P 500 posted its best weekly performance since last November. 

This has been another week of expansive intraday trading swings for the stock market, but we have seen a more resilient tone. I think that resilient tone is significant… 

Yesterday’s market had a different feel to it, a better feel. There seemed to be a renewal of some degree of resiliency, and we saw that early on in the session. 

Last Friday’s session presented a glass half full scenario, at least from my perspective. I say that because the overall market held up relatively well given the big selling pressure in AI stocks and technology generally. 

It has been a challenging week for stocks. On the surface perhaps, we could attribute this to a consolidation, probably somewhat overdue… 

The stock market continues to hold on to intraday rallies and this underscores the ongoing uncertainties that investors face on a number of fronts, the latest of which… 

With the major market indices trading below their respective short-term moving average trend lines, the onus remains on the bulls, short term. 

Yesterday’s market action represented the 3rd key intraday reversal for stocks in as many weeks. This underscores faltering upward momentum… 

This morning the stock market is absorbing the news of Iran’s missile and drone attacks on Israel over the weekend. 

Yesterday rallies in the S&P 500 and the Nasdaq were impressive but from a technical perspective  they were not game changers. At least not yet....