The S&P 500 cash index (SPX) closed at 1319.88 on Friday, down 23.22 points on the week for a net weekly loss of about 1.73%. The S&P 500 index (SPX) dipped below the 1300 line before finding support at its 9-week moving...
Read MoreThe S&P 500 cash index (SPX) closed at 1343.1 on Friday, up 13.73 points on the week for a net weekly gain of about 1.03%. All three major market indexes made impressive highs and stayed above their key resistance level. In...
Read MoreThe S&P 500 cash index (SPX) closed at 1329.28 on Friday, up 18.28 points on the week for a net weekly gain of about 1.39%. All three major market indexes ended last week solidly higher. The Dow, S&P 500 and NASDAQ all...
Read MoreThe S&P 500 cash index (SPX) closed at 1310.87 on Friday, up 34.53 points on the week for a net weekly gain of about 2.7%. In the past week good earning reports from Pfizer and UPS and good economic reports on Thursday...
Read MoreThere is a potential double top pattern forming in the ES. Last Friday ES opened high and quickly lost upside strength and fell sharply. The price action was bearish. But the bulls haven’t lost total control yet. The price...
Read MoreThe S&P 500 cash index (SPX) closed at 1276.34 on Friday, down 9.89 points for a net weekly loss of about 0.7%. After last Thursday all three major market indexes showed signs of exhaustion; Friday they all went red,...
Read MoreThe oil price bounced from its support level, the low band of the uptrend channel started in August. Today QM (oil mini) needs to move above 88 level to keep the upside momentum going. A break above 89.375 will be bullish and...
Read MoreTLT bounced around its intermediate-term support area. The bond price is sensitive to equity market moves, and TLT is currently waiting for the FOMC announcement and a short-term equity market TOP to make its decision on the...
Read MoreLast week, GLD (GOLD ETF) broke down its ascending triangle uptrend line and made a decisive run down. This week gold might bounce up to attempt to fill the gap, but last Thursday’s gap remains very important for shorts....
Read MoreThe S&P e-mini futures (ES) are traveling inside the recent short-term uptrend channel starting from last December. Last week’s decline was a minor retracement, based on the daily chart. Friday’s closing price is...
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