Stock Market Considerations For July 7, 2017 The jobs report has given stocks a lift this morning. The S&P 500 (NYSEARCA:SPY) is holding above very important near-term support… see my key trading levels for the S&P 500, Nasdaq, and crude oil are below. Check out today’s economic calendar with a full rundown…
Charts Monitor, Rather Than Dismiss Fundamental Data Critics of technical analysis often mistakenly believe that using charts discounts the importance of fundamental data, such as earnings, employment, and economic growth. Charts allow investors to monitor the aggregate investor interpretation of all the fundamental data. Said another way, charts are efficient…
Traders returned on Wednesday to see fractional gains in across the various global equites markets. Domestically, trends remain very much neutral for the S&P 500 (INDEXSP:.INX). Deteriorating sectors like Technology have not had much effect on the S&P 500 thus far… this likely due in part to Financials breaking out…
Stock Market Futures Considerations For July 5, 2017 Market futures traded in tight ranges with low volume yesterday as the US observed the Independence holiday. This morning opens trading with markets little changed. See key levels for the S&P 500 (INDEXSP:.INX) and more below. Check out today’s economic calendar with a full…
Stock Market Futures Trading Considerations For June 3, 2017 The S&P 500 (INDEXSP:.INX) held above its weekly lows and is now bouncing higher into Monday’s pre-holiday shortened session. See key trading support/resistance levels below. Check out today’s economic calendar with a full rundown of releases. And note that the charts below are…
In our April post about the British Pound, we suggested that it should climb a bit higher to test an important resistance zone before resuming its larger downward trend. Now the Pound is in the zone, and we are watching for signs of a reversal. In April we used a…
S&P 500 Trading Considerations For June 30, 2017 It’s the end of the quarter, end of the month, and end of the week and a hefty bounce off the lows of yesterday greets us this morning. The question remains: Will the S&P 500 (INDEXSP:.INX) be able to hold the support and…
Large cap tech stocks have been a strong leadership force for the stock market for several years. Moreover, the Nasdaq 100 has outperformed the broader market, and more specifically the Russell 2000 in 2017. Is that dynamic changing? The chart below takes a closer look at large cap tech and…
The Financial Sector ETF (NYSEARCA:XLF) is still shaking off the stigma of the 2008-2009 collapse. It’s been nearly 10 years since it peaked… and it’s finally closing in on those all time highs again. And will likely surpass them some time soon. But that’s just the head line; savvy traders…
Last fall, we laid out the foundation for the current rally in pharmaceutical and biotech stocks; we take stock of those setups and the sectors’ present prospects. Some may construe today’s post – and the associated charts of the day – as a victory lap. And while there may be…