It was more whimper than roar, but the S&P 500 (SPX) ground to another record high last week. This achievement was scored within whisker-thin trading ranges as select measures of broader-market volatility probed 2015 lows. Now, economic data comes into focus in this holiday-shortened week and in the week following, which features the typically closely watched monthly jobs report.Volatility flared […]
Stock Market Top in Place?Stock-Markets / Stock Markets 2015May 26, 2015 – 12:19 PM GMTBy: Andre_GratianCurrent Position of the MarketSPX: Long-term trend – The bull market is still intact.Intermediate trend – Are long-term cycles sketching an important top?Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the […]
MAY 23rdUS STOCKS-Wall St ends lower after Yellen comments fail to inspire – Yellen comments leave rate expectations unchanged on Wall Street – Core inflation highest since January 2013 – Boeing falls after Bombardier jet report – Microsoft down after report of Salesforce deal talksU.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who […]
Markets added modest gains on Friday amid discouraging economic data. A flurry of weaker-than-expected economic reports increased expectations that the Fed will refrain from raising interest rates in the near term, which eventually helped the S&P 500 and the Dow end marginally higher. The day’s minute gains were enough for the S&P 500 to close at a record level for […]
“We’re in a binary situation where either the U.S. has slowed unexpectedly, where it is more than the weather, or we’re going to see a number that says, ‘We’re all back in business and we’re fine,’” said Paul Richards, UBS’ head of foreign exchange distribution, Americas. Richards expects the former.”The data we’ve seen (Friday) has affirmed my view. Next week, […]
U.S. stock indexes spent Friday mostly drifting between tiny gains and losses, but the small moves were enough to nudge the Standard & Poor’s 500 index to its second record high in two days.The Dow Jones industrial average also notched a gain for the second day in a row. The Nasdaq bucked the trend, closing slightly lower.Utilities stocks were among […]
Stock Trading Alert: Investors’ Sentiment Improves Again Following Jobs Data Release – Will It Last?By: Paul Rejczak | Mon, May 11, 2015SharePrintEmailStock Trading Alert originally published on May 11, 2015, 6:27 AM:Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index)Our intraday outlook is bearish, and our short-term outlook […]
Indexes gapped up mildly in the U.S., tried to rally a bit and failed, and then did little from there. The S&P 500 gained 0.29% and the NASDAQ 0.23%. A lot of eyes will be set on Friday’s employment data; economists forecast a 225,000 increase in April non-farm payrolls, and a one-tenth decline in the unemployment rate to 5.4 percent.. […]
Markets made a strong comeback on Friday as investors added beaten down stocks to their portfolios. Moreover, General Motors and Ford posted better-than-expected U.S. auto sales numbers. Economic data was mixed. Each benchmarks gained at least 1%, limiting the weekly losses.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe […]
Stock Market: Big Sell-Off Looming!By: Brad Gudgeon | Sat, May 2, 2015SharePrintEmailLast time I wrote, I was expecting the stock market to fill the gap left on the SPX near 2081-82 by Friday last week. That was accomplished on Thursday when the SPX fell to 2077. What I saw on my indicators showed more a lack of buying than true […]
