News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires. As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets. We believe any US/China trade deal would be received as very positive news...
The recent rally effort is suspicious to be sure; it's not the time of year for bullishness, and there's plenty on the landscape that could torpedo the market. Yet, there it is. The S&P 500 is up nearly 3.7% from its early October low, and above all the key moving average lines. There are a couple of problems with the...
The recent rally effort is suspicious to be sure; it's not the time of year for bullishness, and there's plenty on the landscape that could torpedo the market. Yet, there it is. The S&P 500 is up nearly 3.7% from its early October low, and above all the key moving average lines. There are a couple of problems with the...
Positive expectations related to the US/China trades negotiations on October 10th prompted a moderately strong upside move in the US major indexes and the stock market. Additionally, the precious metals fell in correlation to the upside move in the US stock market and presented another opportunity for skilled technical traders to look for entries below $1500 in Gold and below...
Positive expectations related to the US/China trades negotiations on October 10th prompted a moderately strong upside move in the US major indexes and the stock market. Additionally, the precious metals fell in correlation to the upside move in the US stock market and presented another opportunity for skilled technical traders to look for entries below $1500 in Gold and below...
It ended up being an incredibly unhealthy, even dangerous finish to the week. Between the gap at the open and the pullback from the intraday high, some profit-taking is a distinct possibility. That small move down could turn into a bigger one relatively easily. Nevertheless, seemingly encouraging data about an end to the trade war was enough to send the...
It ended up being an incredibly unhealthy, even dangerous finish to the week. Between the gap at the open and the pullback from the intraday high, some profit-taking is a distinct possibility. That small move down could turn into a bigger one relatively easily. Nevertheless, seemingly encouraging data about an end to the trade war was enough to send the...
By Lizzy Gurdus, CNBC Trick or treat? With stocks already down more than 2% for October, investors might be wondering which side of the spooky settlement they'll get as they position their portfolios for the end of the year. But the post-Halloween period is likely to bring more treats than tricks for equities, said Stephen Suttmeier, chief equity technical strategist...
By Lizzy Gurdus, CNBC Trick or treat? With stocks already down more than 2% for October, investors might be wondering which side of the spooky settlement they'll get as they position their portfolios for the end of the year. But the post-Halloween period is likely to bring more treats than tricks for equities, said Stephen Suttmeier, chief equity technical strategist...
The market may have snapped back from its meltdown before that meltdown had a chance to get going. But, the bounce was less than ideal. Not only was the recovery effort on light volume, the S&P left a gap behind on Friday. That's now aching to be filled in — with a pullback — and there's no assurance that the...
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