Tag "stock market analysis"

S&P 500 Technical Update: New Highs On The Horizon

S&P 500 Futures: (2-3 Days) – Bullish Tests of all-time intra-day highs from March 1 are directly above for the S&P 500 (INDEXSP:.INX). S&P 500 futures came within a few points, and this area is likely to be tested and exceeded before any type of market peak is in place. Short-term trends…

Stocks Ready To Shift Focus To Earnings and Tax Deal

The S&P 500 Index (INDEXSP:.INX) and Dow Jone Industrial Average (INDEXDJX:.DJI) enjoyed marginal gains last week but are off to a big start this week. Outside of the large-cap averages (small caps, mid caps, tech, transports, etc), the gains have been very impressive given that they are occurring against a…

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…

U.S. Financial Markets Update: Investors In Holding Pattern

March was a month of anticipated change that did not happen. And the financial markets took note, with the S&P 500 (INDEXSP:.INX) stalling out in early March. Healthcare reform in the U.S. stalled before even reaching a vote.  Markets hesitated as a tax reform proposal, hopes for which had driven…

Market Update: Stocks Still Vulnerable To Near-Term Selling

Stocks are trading higher thus far this week but many indices are still below near-term trading resistance. The S&P 500 Index (INDEXSP:.INX) will remain bearish until it can hurdle the 2350 area on the cash index. See analysis and short-term outlook for S&P 500 futures below. S&P 500 Futures: (2-3 Days)  Bearish…

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 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…

Will This Russell 2000 “Doji Star” Candle Spell Trouble?

The Russell 2000 (INDEXRUSSELL:RUT) has traded lower since early March when it hit new all-time highs. This recent bout of weakness assisted in forming a “doji star” candle on the monthly chart (see point 2 below). And note that this doji star candle formed near rising channel resistance. So why is this important? A…

Are Micro Cap Stocks Indicating A Risk-Off Market?

As the markets have pulled off their respective all-time highs, I believe there is something more important to be on watch for out there: the iShares Micro Cap ETF (NYSEARCA:IWC). While the S&P 500, Dow Industrial, NASDAQ, Mid Cap 400, Russell 2000 and 3000 are all well above 2015 highs, the Russell Micro…