Tag "stock chart analysis"

S&P 500 Weekly Outlook: Market Trends Cooling

In this investing research note, we will analyze key stock market indicators, consider the health of the S&P 500 Index (INDEXSP:.INX), and discuss emerging themes that we are watching in our investing research. Here are some summary highlights: Sentiment Shifts Slow to Materialize – Excessive optimism has been slow to unwind in…

U.S. Equities Short Term Technical Outlook – April 21

S&P 500 Futures: (2-3 Day Outlook) Bullish up to 2369-71, with moves above this leading to a more robust move back to new highs. For now, the S&P 500 (INDEXSP:.INX) is at a tough juncture; prices have exceeded 2347, but yet remain in a mild downtrend from early March. One can see…

S&P 500 Futures Trading Update: Bulls Testing Major Resistance

Stock Market Trading Considerations For April 21, 2017 Renewed hope in the tax plan and a strong showing from corporate earnings (75% of the reporting companies beating expectations) created an environment that allowed the S&P 500 (INDEXSP:.INX) to bounce into higher resistance. But how sustainable is this rally? Read more…

S&P 500 Futures Trading Outlook For April 20, 2017

S&P 500 Futures Trading Considerations For April 20, 2017 The edges of the range continue to deliver the best reversal trades intraday on the S&P 500 (INDEXSP:.INX). However, traders need to remain caution on these edges as they can stretch a bit before reversal, as they did yesterday in both the…

S&P 500 Futures Trading Outlook For April 19

Stock Market Futures Trading Considerations For April 19, 2017 The S&P 500 Index (INDEXSP:.INX) held support in a battle against longer time frames – this shows that our range still remains intact. Key levels to watch are in the trading section on ES.  Gold and the 30-year bonds have been running…

S&P 500 Looking Mighty “Nifty” At Key Price Resistance

“Buy these 50 stocks and that’s all you need”. That was the early 1970’s as the stock market bounced back from a deep correction to make new highs (point 1 on the chart below). Those 50 stocks were dubbed the “Nifty 50“.  And investing in them felt like a fool-proof plan…

Disappointing Economic Data A Headwind For Stocks

Disappointing economic data combined with ongoing geopolitical developments were largely responsible for the weakness in the equity markets last week. When all was said and done, the S&P 500 Index (INDEXSP:.INX) was lower by 1.2% (closing on its lows for the week). Retail sales declined for the second month in…

S&P 500 Futures Outlook: Key Trading Levels For April 18

S&P 500 Futures Trading Considerations For April 17, 2017 The S&P 500 (INDEXSP:.INX) bounced right where we expected (see yesterday’s post). But there’s a lot of work to do.  Buyers still need to be disciplined and understand that the support range below needs to hold. Check out today’s economic calendar with a…

S&P 500 Update: Navigating The Choppy Price Action

The choppy price action on the S&P 500 (INDEXSP:.INX) continues… Prices reversed higher today following a rough week that saw the index close on its lows. So is a bottom near? Here are a few things that I am watching: 1.  MACD / RSI / 50 DMA A couple of…

S&P 500 Futures Trading Outlook For April 17

S&P 500 Futures Trading Considerations For April 17, 2017 As volatility futures continue to spike, charts remain weighted by sellers refusing to buckle under any buying pressure.  The S&P 500 (INDEXSP:.INX) sits near key support for another day with all the burden on the buyers to reverse the current drift…