Flat markets tend to produce favorable technical setups, but this one may put us to sleep while we wait for further developments.
Our latest look at the charts and data of major stock indices.
There still is nothing that shows that the pundits' predictions of doom are about to occur.
The economy is not nearly as bad as the news makes it out to be.
Where is this market headed?
We are stuck in the middle.
A bunch of beaten-up value names registered double-digit percentage gains last week; we'll see if the rally can continue.
The Russell 2000 had a strong week last week, but whether smaller names can outperform their large-cap brethren going forward remains to be seen.
While charts are positive, data remains cautionary.
All of the index charts remain in short-term uptrends and above their 50 DMAs.