Major indexes rallied modestly Thursday, as the S&P 500 hit its best close in five years and the Value Line index made a new high.
Small gains in major indexes Wednesday did not eliminate a lateral pricing tendency that has persisted for past several sessions.
We avoided the fiscal cliff, but critical technicals and some important anniversaries suggest a shift may be at hand.
The stock market has rallied in undeniable fashion to kick off 2013, but it may be a pace that can't be maintained for long.
Thursday's mixed market leaves us hanging on the question of whether this week's short-term gains have staying power.
Was the New Year rally a short-term flourish with no staying power, or was it the beginning of something larger?
Major stock indexes posted strong gains to close out 2012. As 2013 gets underway, the market will look to break above the 10-day price channel.
For one politician, the opportunity of a lifetime awaits. If, when and how a compromise happens could set the tone for the stock market as 2013 gets underway.
Despite a healthy rally from mid-November lows, current indicators suggest the stock market remains as uncommitted as it was in early fall.
Continued uncertainty in the stock market threatens the minor positive cycle.