Tag "stock chart analysis"

Shares Of IBM Teetering On Major Trend Line Support

IBM (NYSE:IBM) has been a stock on my radar for a long time.  In fact, I wrote about IBM a few times right here on See It Market over the years. Shares of IBM have been declining for months now but the tumble should be of little surprise… especially after…

Stock Market Trends: What To Expect This Week

THE BIG PICTURE Murray Math Level (MML) Charts Using the Murray Math Level (MML) charts on higher time frames can be a useful market internal tool as price action moves among fractal levels from hourly to weekly charts. Confluence of levels may be levels of support/resistance or opportunities for a breakout move….

Stocks-Bonds Ratio Testing Critical Support Level!

As the stock market takes a breather, it’s worth noting that an important market indicator is at a critical juncture.  With the S&P 500 (INDEXSP:.INX) pulling back a few percent off the highs, a critical stocks-bonds ratio is testing trend line support. And if that support breaks, it could mean…

S&P 500 Futures Trading Outlook For August 21

Stock Market Futures Considerations For August 21, 2017 The S&P 500 (INDEXSP:.INX) is set for more choppy trade this morning. Traders should pay close attention to support and resistance levels.  Catch all my futures trading levels below for the S&P 500, Nasdaq, and crude oil. Check out today’s economic calendar with a…

Key Stock Market Index Tumbles Into Lower Support

A key broad market gauge is potentially breaking a major line of support. Could this lead to a stock market correction? If you’ve followed us for awhile, you probably know about our affinity for the Value Line Geometric Index (INDEXNYSEGIS:VALUG) as a gauge of the broader equities market. The Value…

Market Update: Gold Hits New Highs For The Year

U.S. Equities are attempting to stabilize this morning after a big downdraft yesterday. Meanwhile, European equities are playing catchup. The metals are jumping this morning with big pops in Iron Ore, Gold, and Silver. Gold prices (NYSEARCA:GLD) should find some resistance here – cash resistance is around $1310. The near-term…

S&P 500 Futures Trading Outlook For August 18

Stock Market Considerations For August 18, 2017 The S&P 500 (INDEXSP:.INX) is hovering around break even at market open, however weakness into Thursday’s close should carry us into lower supports yet. Below are key futures trading levels and considerations for the S&P 500, Nasdaq, and crude oil. Check out today’s economic…

S&P 500 Market Update: Here Come The Bears…

S&P 500 Trading Outlook (2-3 Days):  BEARISH Upside is limited for the S&P 500 Index (INDEXSP:.INX) and a downturn in the Financials Sector (NYSEARCA:XLF) along with IWM, SML, and MID should have an effect on the S&P 500. A  move under 2461 this morning should lead the market lower. Near-term targets:  2450 and…

Stock Market Futures Trading Outlook For August 17

Futures Trading Outlook & Considerations For August 17, 2017 The S&P 500 (INDEXSP:.INX) continues to trade range bound but any break up/down will likely see some continuation.  Below are key trading levels to follow with added color from our premium service. The charts below and added “trading setups” are being…

S&P 500 Futures Trading Outlook For August 16, 2017

Stock Market Future Considerations For August 16, 2017 The S&P 500 (INDEXSP:.INX) is trading in a 10 point range but traders should be on alert for a break of support/resistance and continuation. Key levels on the S&P 500, Nasdaq, and crude oil are below. Check out today’s economic calendar with a full…