Topping Pattern or Just Quick Correction Before Another Leg Up?
Stocks slightly retraced their recent advance yesterday, as investors took some short-term profits off the table. The S&P 500 index remained above the 61.8% retracement of its September-December...
View ArticleDownward Reversal? Stocks Still Relatively Close To Their Recent Highs
Wednesday's trading session was bearish, as stocks retraced their Tuesday's advance. However, the market remained at its recent local lows. So is this a topping pattern or just a pause before another...
View ArticleStocks Higher But Still Close To Their Previous Highs
Stocks extended their short-term uptrend on Friday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index was the highest since the early October. But will the...
View ArticleStocks Going Sideways After Fed's Statement Release
Stocks were mixed on Wednesday following the Fed's Rate Decision release. We saw an increased volatility after the announcement, but overall there wasn't much of a change. The S&P 500 index was the...
View ArticleFriday's Sell-Off - New Downtrend Or Just Correction?
Friday's trading session was bearish, as stocks retraced their Thursday's advance and continued lower ahead of the weekend. The S&P 500 index was the highest since the early October on Thursday. So...
View ArticleS&P500: More Sideways Trading Action
Wednesday's trading session was slightly bearish, as stocks retraced some of their Tuesday's advance. The S&P 500 index was the highest since the early October a week ago. But then the market sold...
View ArticlePositive Expectations, Breakout Imminent?
Stocks broke above their short-term consolidation on Friday and they got close to the recent local high. The S&P 500 index was the highest since the early October more than a week ago. But then the...
View ArticleS&P500 at New Medium-Term High, but Correction May Be Coming
Stocks extended their short-term uptrend on Friday, as investors' sentiment remained bullish following the monthly jobs data release. The S&P 500 index got closer to its last year's September...
View ArticleStocks Get Closer To Last Year’s Record High
Friday’s trading session was bullish, as stocks broke above their short-term consolidation following the first quarterly earnings releases, among other factors. The S&P 500 index broke above the...
View ArticleS&P500’s Downward Reversal Or Just Profit-Taking Action?
Wednesday’s trading session was mixed, as investors hesitated following the recent rally. However, the S&P 500 was the highest since the early October yesterday, following last week’s breakout...
View ArticleStocks At Last Year’s Record High
Stocks retraced some of their Tuesday’s run-up yesterday, as investors took short-term profits off the table. The S&P 500 got very close to the September 21st record high. Will it reach the new...
View ArticleS&P500 At Last Year’s Record High, Will Stocks Break Higher?
Stocks slightly extended their short-term uptrend on Friday, as investors reacted to the quarterly corporate earnings, better-than-expected economic data releases. The S&P 500 got very close to the...
View ArticleS&P500: Downward Reversal Or Just Correction?
Wednesday’s trading session was bearish, as investors reacted to the FOMC Rate Decision release. However, the S&P 500 index has managed to reach yet another new record high of 2,954.13, before...
View ArticleS&P500 Remains Below 2,900 Mark, Will Downtrend Continue?
Stocks were mixed on Wednesday, as investors hesitated following the recent decline. The S&P 500 index remained below the 2,900 mark. On Tuesday it was the lowest since the early April. Is this...
View ArticleBearish Expectations…Will Stocks Continue Lower?
Stocks traded within a short-term consolidation yesterday following their Tuesday’s rebound. The S&P 500 index remains close to the 2,850 mark. Will it break below the recent local lows? Or is this...
View ArticleS&P500: Downtrend Continues, As US-China Trade War Escalates
Stocks extended their short-term downtrend on Wednesday, as investors’ sentiment worsened following the trade war fears again. The S&P500 index fell below its mid-May local low after breaking below...
View ArticleS&P500: 7% Correction…Will There Be More?
Friday’s trading session was bearish, as the broad stock market broke below its Wednesday’s daily low following the ongoing trade war fears. The S&P 500 index fell the lowest since March the 11th...
View ArticleS&P500 - 100 Points Above Monday’s Low…Will The Rally Continue?
Stocks extended their short-term run-up on Wednesday, as investors’ sentiment further improved following Tuesday’s rally. The S&P 500 index got closer to its late May local highs. Is this a new...
View ArticleStocks Poised To Bounce Back?
Wednesday’s trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P...
View ArticleS&P500 Stuck at 2900, Still No Clear Direction
Stocks continued to fluctuate on Friday, as investors awaited this week’s Wednesday’s Fed Rate Decision release. The S&P 500 index reached the new local high on Tuesday and then it came back below...
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