Persistently overbought conditions have finally brought sellers back to the stock market.
With word that politicians in Greece have approved an austerity plan, one of the biggest hindrances to higher prices for stocks may finally be lifted.
While the bull market remains intact, does renewed focus on European debt resolutions potentially impair the rally?
Extremely overbought and due for a pullback, the stock market rallied to its highest level since May 2008 on Friday.
Lower than expected unemployment claims Thursday morning are the latest in a series of positive economic data points fueling the rally in stocks.
With stocks recording an outstanding January, will traders find themselves in a selling mood as February begins?
Stocks continue to be influenced strongly by Europe early in the session, finding relief – and rallying – after markets on The Continent close.
With stocks finishing last week mixed and January coming to an end, will the bullishness of the first month of the year carry over into the second?
With asset managers scrambling to catch up with a market that has left many of them behind, overbought conditions could persist through month’s end.
With Apple’s expectation-smashing performance now in the rear-view mirror, traders will turn their attentions to the FOMC and their policy statement later today.