Technical Take: S&P 500 Partial Breakout

What’s in today’s report: Technical take: S&P 500 partial breakout, ISM non-manufacturing index takeaways, Futures are down nearly 1%, economic data & more…

Stock Market Update: January 6, 2017

Stock Market Update from The Sevens Report: Stocks declined for the first time in 2017, but the losses were small, as disappointing retailer earnings offset more decent economic data ahead of the first big catalyst of the year… the December jobs report. The S&P 500 declined 0.08%. Stocks were flat at the start of Thursday […]

Stock Market Update: 01/04/2017

Stock Market Update excerpt from The Sevens Report.  Stocks surged to start the new year as a resumption of the Q4 “Trump/Reflation” trade, along with strong economic data sent stocks moderately higher to start the year. The S&P 500 rose 0.85%. Stocks were higher from the outset Tuesday in part because they needed to play […]

S&P 500 Chart

Stocks spent virtually all of Thursday near unchanged in quiet holiday-like trade, as markets ignored economic data and geopolitical news (Russian sanctions). The S&P 500 dipped a slight 0.03%. The S&P 500 pulled back for a second day yesterday but importantly held our initial support level at 2246 mentioned on pg. 5 of the Sevens […]

Chart of the Day: Natural Gas Continues to Climb

Natural gas futures continued to climb yesterday as weather reports are forecasting colder than average temperatures well into 2017 which is raising prospects for more larger than average supply draws.  

stock market update

Stock Market Update: 12/28/16

Here is an excerpt Stock Market Update from The Sevens Report.  Stocks rallied in quiet trade to start the final week of the year yesterday, as the Nasdaq reached a new all-time high. The S&P 500 gained 0.22% on the day. Futures were flat early yesterday, but once the bell rang stocks jumped higher out […]

Chart of the Day: NASDAQ Powers to New Highs

While the 20,000 mark remained elusive in the Dow Jones Industrial Average, the Nasdaq Composite Index rallied to fresh all-time highs yesterday.