Jan 31 2014 Markets are flowing downstream like a fast-moving river, as investors look set to finish an ugly January with even more losses, after that sunshine session on Thursday. Strategists have been keeping a close eye on some major support levels for the S&P 500 SPX -1.07%, with 1,775 and 1,770 both being batted around as levels…
STOCK MARKET COMMENTARY: FRIDAY, JANUARY 31, 2013 In the short term, the long overdue pullback is finally upon us. As long as support holds (1767-1772 in the SPX), odds favor this is just another shallow pullback. However, if support is broken, the next level of support is 1729. For weeks- we have written, “In the…
Few old headlines that are very similar to recent headlines: It’s a funny old World: 1989-1991: Housing and savings and loan crisis: Fed eases aggressively as economy enters deep recession 1992-1994: Existing financial architecture in Europe (ERM) blows apart 1995-1998: European convergence trade in both FX and Bond spreads keeps European currencies relatively stable vis a vis the…
Data as of Monday’s Close: Sign Up For Our Free Newsletter & GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX Source: Watermill Trading and Tradestation
ENTER YOUR EMAIL & GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX Do peaks in the Dow in 1929, 1987, 2000, 2007 have anything in common? Yes, Hollywood did something at each of these peaks! In 1929, Hollywood released the movie “The Wolf on Wall Street” about a ruthless trader (Bancroft)…
STOCK MARKET COMMENTARY: FRIDAY, JANUARY 24, 2013 There is no easy way to put it- This was an ugly week on Wall Street. The major averages negatively reversed, closed lower, and broke support which is not a healthy sign. In fact, the Dow Jones Industrial Average fell everyday during the shortened holiday week as investors…
ENTER YOUR EMAIL & GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX Here is an interesting article which analyzes how the SPY performs after it consolidates in a tight (under 2%) trading range for more than 20 sessions: Summary: ( 92% ) times $SPY closed higher over the next 5 trading day at some…
Love how he simplifies a very complex subject: Source: https://www.youtube.com/watch?v=PHe0bXAIuk0&feature=youtube_gdata_player ENTER YOUR EMAIL & GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX Original Post: Here September 2013
STOCK MARKET COMMENTARY: FRIDAY, JANUARY 17, 2013 The S&P 500 ended the week higher and came within a few points of turning positive for the year. The market continues acting very well as it continues consolidating its very strong year-end rally. Remember the bullish fundamental backdrop is still in place for stocks. There bulls are…
By TOMI KILGORE And TOMMY STUBBINGTON Join Our Free Newsletter Jan. 13, 2014 8:27 a.m. ET NEW YORK—U.S. stock futures slipped, extending the lackluster start to the year, as investors continued to digest Friday’s weaker-than-expected jobs report.In Europe, stocks nudged higher, helped by strength in banking shares after regulators agreed to soften the terms of a rule meant…