Lumber’s Biggest Price Reversal In 30 Years Adds To Market Concerns!
Lumber Futures Prices versus S&P 500 Index Performance Chart
One unsung market indicator is the price of lumber. It is a key indicator of the...
U.S. Stock Market Rallies, But Red Flags Exist
The S&P 500 Index INDEXSP:.INX rose 1.05% but it continues to have a strongly bearish intermediate posture according to the Market Forecast technical indicator.
Tuesday's...
Investors Should Watch Junk Bonds While Waiting For Stimulus Bill
Yesterday Mish talked about watching the Junk Bonds ETF (JNK) to see if the Fed would continue supporting high risk companies. Â
Today JNK had an...
Nasdaq 100 Bottom? Index Needs To Break Down-Trend First…
The Nasdaq 100 and ETF (QQQ) is on our watch list given the late snapback that helped prices close positive for the day.
This comes...
Will Nasdaq 100 Price Reversal End The Correction?
Trading was getting ugly on Monday when the broader stock market decided to reverse course, lead higher by the Nasdaq 100 Index INDEXNASDAQ: NDX...
S&P 500 Index Breaks Support, New Downside Targets Emerge
S&P 500 Index Futures Trading Chart (September 21, 2020)
As I noted in my September 20 report to clients, “if we see weakness that breaks...
Is the Nasdaq Peaking At Important Fibonacci Price Target?
Nasdaq Composite "monthly" Chart
The Nasdaq has been the unparalleled leader of the stock market in 2020, having rallyied furiously off the COVID-19 crash market...
Stock Market Declines Sharply Through Key Price Support
The stock market's losing streak has reached 3 weeks and volatility is picking up. As well, key indices like the S&P 500 NYSEARCA: SPY...
Implied Volatility Cycles Point To Turbulent October For Stock Market
Today's article takes a quick look at implied volatility cycles to forecast future turbulence in the stock market, particularly in October.
In the chart below...
Stock Market Today: Decline Oversold and Near Support
Stocks are falling yet again on Friday as the weekend nears. Several major stock market indices are oversold and nearing price support levels that...
