The Best Of See It Market (April 2015): Stocks Hit Resistance Again

April started with a bang and ended with a bang for stock and major stock market indices. From the lows on April 1st to the highs on April 27th, the S&P 500 Index (SPX) rallied 3.8 percent. However, from the highs on April 27th to the lows on April 30th, the S&P 500 fell 2.3 percent.  All in all, the month netted a 0.85 percent gain.

best of see it market researchOnce again, resistance came into play, as the upper end of the range (2100-2125 on the S&P 500) beat back the bulls. The longer this area holds and the weaker internals get, the more likely that investors will see either an imminent pullback or another weak move higher followed by a deeper pullback into summer. Either way, the market hasn’t had much technical damage and still sits near all-time highs. There are several important support levels beneath current levels (many covered in our research on the site). Those levels (such as the March lows, followed by the December lows) will become important when/if we start to rollover.

Until then, the market continues to absorb distribution days in an attempt to consolidate. The currency markets have been volatile and bonds have sold off hard as interest rates have moved higher.

But those observations only scratch the surface. There was so much more going on in the markets – much of which was captured on See It Market, along with some great trading ideas and investing insights. I hope you will take some time to review our best research posts from the month of April in our latest installment of The Best of See It Market. This is your chance to check in on our work – please feel free to provide feedback/comments any time. We greatly appreciate your readership.

Sign up for our FREE newsletter
and receive our best trading ideas and research


Stocks & Bonds:


Commodities & Currencies:


Must-Read Education:


Look for another installment of “The Best of See It Market” next month. Thanks for reading.

Twitter:  @seeitmarket