Tag "stock chart analysis"

Investing Strategy Outlook: Evidence Remains Bullish Into 2Q

Evidence Bullish As Stocks And Broader S&P 500 (INDEXSP:.INX) Consolidate Gains A look at 2Q and beyond for investors. Highlights: Federal Reserve Raises Rates Despite Elevated Uncertainty Economic Recovery Not Just ‘Animal Spirits’ Investor Optimism Retreating From Recent Excesses Rally Participation Remains Broad, At Home & Overseas Longer-term breadth and…

S&P 500 Technical Trading Update and Outlook – March 24

S&P 500 Futures: (2-3 Days) Bearish Heading into the last day of the week, the short-term trend for the S&P 500 (INDEXSP:.INX) remains down. A bounce is occurring across the stock market indices but it has thus far failed to make enough progress to think lows are in place. Until futures prices can…

S&P 500, Nasdaq, and Crude Oil Futures Outlook For March 24

Stock Market Futures Considerations For March 24, 2017 Range bound behavior on the S&P 500 (INDEXSP:.INX,) is visible as the bottoming event I mentioned yesterday held.  This morning we are seeing a bounce higher.  The short-term bottoming formation will likely be tested and that will be telling for near-term market direction….

S&P 500 Chart Update: Price Targets For This Pullback

Well, investors finally received a pullback across the broader stock market indices. It’s still too early to tell how deep the decline will run, but for now the indices are pausing/holding near key short-term support. The S&P 500 Index (INDEXSP:.INX) is trading around 3 percent off its highs but some headwinds remain……

S&P 500 Futures Trading Outlook For March 23

S&P 500 Futures Trading Considerations for March 23, 2017 The S&P 500 (INDEXSP:.INX) held support yesterday but a test is likely to occur soon on futures.  2351 to 2355 will be the levels to watch today – buyers will become braver if they can maintain these levels.  Technical price support levels sit…

Stock Market Update: Sector Rotation Accelerates

The broad markets remain at elevated levels as rotation begins to accelerate out of some recent high flyer sectors. The Financials Sector (NYSEARCA:XLF) and Healthcare Sector (NYSEARCA:XLV) have been stellar performers since about early December of last year. Financials perhaps a bit earlier coinciding with the Presidential election. Both of these…

S&P 500 Futures Trading Outlook For March 22

Stock Market Considerations For March 22, 2017 Momentum selling aggravated a move downward below key weekly support levels. The S&P 500 (INDEXSP:.INX) is trying to bounce… Check the support levels in the commentary below and on the charts. Check out today’s economic calendar with a full rundown of releases. Note that the charts below…

Investor Optimism Fades From Peak: Are Stocks Vulnerable?

The rally in the equity markets stalled last week with the Dow Industrials and S&P 500 (INDEXSP:.INX) basically flat for the period while the NASDAQ (INDEXNASDAQ:.IXIC) showed a fractional gain. The relatively weak performance was surprising given that stocks had good support from economic data that included a report showing…

Stock Market Futures Trading Outlook For March 21

Stock Market Considerations For March 21, 2017 Stocks look poised to rise today but traders will need to keep an eye on overhead resistance. Key technical support levels continue to find buyers… bulls want this to hold through the week and see follow through higher.  Check out today’s economic calendar with a full rundown of…