Tag "nasdaq"

Stock Market Trends: Review & Outlook (Week 2 / 2018)

THE BIG PICTURE The S&P 500 started 2018 with big gains. All major stock market indices continue to hover near all-time highs and remain in up-trends. Market strength has persisted for much longer than most traders anticipated. This is why traders need to follow the price action (and indicators) and…

U.S. Financial Markets Update: Bulls Cheer Stronger Economy

The bulls are running wild. Stocks are higher, investor sentiment is higher, and there’s a feeling in the air as holiday seasonality approaches. Excessive investor optimism poses some contrarian headwinds near term. However, a stronger economy bodes well over the longer term. Economy and Interest Rates As widely expected, the…

S&P 500 Market Outlook: Pullback ‘Time & Price’ Targets

S&P 500 Short-Term Trading Outlook (2-3 Days): Bearish With two back to back failures, the S&P 500 (INDEXSP:.INX) is looking to extend its pullback toward the 2600 area that marked last Friday’s lows. This backing and filling process could last into next week before the decline / pullback is complete. As this…

U.S. Equities Trading Update: Tech Slowdown

S&P 500 Trading Outlook (2-3 Days):  Sell into strength Overall upside is limited on the S&P 500 (INDEXSP:.INX) through next week. While the trend has certainly been quite positive over the last few days, with the Industrials (NYSEARCA:XLI) and Transports breaking out to new highs and the Financials Sector (NYSEARCA:XLF) reaching…

Is The S&P 500 and Nasdaq Relationship Signaling A Correction?

There have been noticeable divergences between the S&P 500 futures contract and the Nasdaq futures contract over the past few trading sessions. Regardless of the narrative used by the media to explain these divergences one must wonder if this recent activity is a harbinger of things to come. Could it…

S&P 500 Trading Update: Time / Price Align Into End Of Week

S&P 500 Trading Outlook (2-3 Days): Caution into Targets There may be one last opportunity for nimble traders to buy pullbacks on Wednesday in the 2612 – 2617 zone (on futures) with upside targets at 2636-46 into late Thursday/Friday. Note that these upside S&P 500 (INDEXSP:.INX) price targets look important from a time…

S&P 500 Market Update: 5 Considerations For Active Investors

S&P 500 Trading Outlook (2-3 Days):  BULLISH… but upside limited With the S&P 500 (INDEXSP:.INX) at/near key price resistance we could see a stalling out and trend reversal following the Thanksgiving holiday (likely next week). The bottom line, upside price targets lie in the 2610-2615 range on S&P 500 Futures, just…

S&P 500 Market Update: Holiday Rally, Then What?

S&P 500 Trading Outlook (2-3 Days):  BULLISH, but… The S&P 500 is (INDEXSP:.INX) nearing resistance which could cause this rally to stall out directly over 2600. Active investors can stay long equities through the pre/post Thanksgiving holiday, but momentum has failed to lead stock prices back to new highs, and…

Stock Market Trends Review & Outlook – Week 47

THE BIG PICTURE Although stocks have been stuck in a range for a few weeks, the major stock market indexes remain in uptrends. We remain overdue for a pullback, so traders should stand at alert. The best thing for traders to do is follow the price action and steer clear…

U.S. Equities: Technical Deterioration Suggests Pause In Rally

The equity market’s 8-week consecutive winning streak was aborted last week with the S&P 500 Index (INDEXSP:.INX) losing 0.2%. The NASDAQ Composite (INDEXNASDAQ:.IXIC) suffered a similar fate along with the Dow Jones Industrials (INDEXDJX:.DJI)  which dropped 50 basis points. Although the popular stock market averages hit new highs early in…