Selling could become a bit contagious over the near term, that is as traders sense that the major market indices may be leveling off, or even rolling over a bit… 

The advanced decline lines among the major market indices have exhibited steadily improving trend lines since the October lows of last year. 

I think that there are increasing signs that we could see the market enter into a more extended consolidation than we’ve seen in a couple of months. This is not all bad, seeing how some of these aggressive growth stocks have… 

Logic would seem to dictate that some restraint might be warranted at this point. The Dow and S&P 500 both perched at new all-time highs. 

It’s Groundhog Day in Pennsylvania, but it’s anything but on Wall Street. The market continues to provide some exciting action here. 

History has a way of repeating itself and I believe this statement is especially true when it comes to the stock market. 

As of yesterday’s closing, and ahead of the last trading day of January, the performances of the Nasdaq and S&P 500 are very similar. In fact, they’re within 7 basis points of each other. 

Much of the glory for the stock market this month has been focused on the major market indices with the Dow and S&P 500 moving into all-time record high territory. 

For those who follow the “as goes January, so goes the year” theory, it’s good news for the bulls, with the major market indices higher so far this month. 

Technology stocks surging higher amid more urgent buying in recent sessions.