S&P 500 experienced its sharpest decline since the August drop as U.S. manufacturing shrank for the fifth consecutive month, while a surge in corporate bond issuance made it the busiest day on record. Stock Market Indices Overview: S&P 500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis. Elliott Wave […]
Is Soft Landing Secured Now?
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S&P 500 recovered from weak Thursday close, and there were subtle clues (shared with clients) as to why interest rate sensitive plays (beyond Russell 2000) would do better than largecaps Friday – the whole week slated to be a strong one. Little wonder – rates were not protesting, and confidence in soft landing growing. All […]
Short term Elliott Wave view in S&P 500 E-Mini Futures (ES) suggests rally from 5.2.2024 low is in progress as a 5 waves impulse. Up from 5.2.2024 low, wave ((i)) ended at 5368.25 and dips in wave ((ii)) ended at 5205.50. The Index has extended higher again from there. Up from wave ((ii)), wave (i) […]
Why SPY reversed
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S&P 500 ran well into the data release, surged only to reverse in a four-hours selling streak. Source link
Thursday’s trading session brought more volatility for the stock market, with the S&P 500 index reaching a new record high of 5,505.53 but closing 0.25% lower. Today, the index is likely to open 0.2% lower, as indicated by futures contracts. Investors will be waiting for the important U.S. PMI releases at 9:45 a.m.; however, the […]
Today’s Stock Market Indices OverviewS&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis Elliott Wave Analysis Indices: Triple Witching Friday 21 June – SP500 and NASDAQ 100: Both indices are in Elliott Wave v of (iii) of iii) of 3 of (5) of 3) of […]
Trump Media stock rotates 4% lower after gaining in premarket. Donald John Trump was convicted of 34 felony counts for falsifying business records on Thursday. New York state jury was unanimous on all counts against former President. DJT stock support sits near $42 if shares fall out of $45 to $50 consolidation zone. Trump […]
Share: The SPX erased all of Wednesday’s gains, retreating to 4,380. Thomas Barkin and Susan Collins sounded hawkish at the start of the Jackson Hole Symposium. All eyes are now on Friday’s speech by Jerome Powell. On Thursday, the US stock market saw losses driven by a stronger USD, boosted amid hawkish remarks […]
SPX uptrend questioned
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S&P 500 couldn‘t keep the fine rebound as all eyes were on „good that the job market is still OK, but maybe the Fed would stop hiking now“ interpretat Source link
Share: S&P 500 added 0.69% last week but closed well off intra-week high. Last week set up a bearish evening star doji pattern on the S&P 500 daily chart. Nearly one-third of the S&P 500 reports earnings this week. FOMC meeting on Wednesday will end with decision on fed funds rate. Microsoft, Meta […]
Correction Bottom Searching
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Share: S&P 500 corrective mode following TSLA, NFLX earnings and Thu manufacturing plus unemployment data, continued Friday – too early yet to call this correction as over as the encouraging open had been eventually sold into. It‘s all about Fed tightening bets meeting soft landing estimates. Well, what estimates I say when LEIs […]
Share: Market sentiment remains cautiously optimistic despite the latest inaction. S&P500 Futures seek fresh clues to extend Monday’s rebound from one-week low. US Treasury bond yields consolidate the previous week’s rally amid downbeat inflation expectations, employment data. Hawkish Fed talks, US-China jitters are extra filters probing the momentum traders seeking fresh clues. The […]
