Trade Successfully
S&P 500 (US 500) index eases slightly after sharp flying mode. The S&P 500 index recorded considerable gains at the end of October and early in November, following the rebound on the 2600 support. The index has now crossed back above its 200-day simple moving average (SMA), which keeps the broader outlook cautiously
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The US midterm elections next week are widely expected to produce a split Congress. Investors appear somewhat complacent on the outcome, which allows room for notable market reactions in case of a surprise, like one of the parties taking control of both chambers. Below follows an analysis of the possible
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The current week will wrap up with the most important monthly release out of the US, namely the country’s jobs report due at 1230 GMT. Wage growth is anticipated to again attract the lion’s share of attention out of October’s report. A beat on this front will theoretically more conclusively
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S&P 500 (US 500) index steadies after strong tumble below uptrend line; records a 6-month low. The US 500 index has come under renewed selling pressure falling back below its 200-day simple moving average (SMA) and beneath the long-term ascending trend line. Despite today’s rebound, the index has posted a fresh lower low,
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S&P 500 index finds support at trendline; outlook still cautiously positive. The S&P 500 index (US 500) posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat.
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US inflation data as gauged by the consumer price index (CPI) will be made public on Thursday at 1230 GMT. Headline CPI growth is expected to ease to its lowest since March on a yearly basis, though combined with the rise in underlying price pressures as measured by the core CPI, that’s unlikely
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S&P 500 (US 500) index near-term momentum turns south; still bullish in the medium-term. The S&P 500 index has declined after touching an all-time high of 2,916.50 on August 29. Still, the benchmark continues to trade relatively close to its record peak. The RSI has reversed lower after entering overbought territory last
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S&P 500 (US 500) index retreats after red day; develops in ascending triangle in the long-term. The S&P 500 index recorded a strong bearish day on Monday, losing more than 1% from its performance but remained above the 50-day simple moving average (SMA). However, the index is trading within an ascending
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The trade narrative has been somewhat overshadowed by geopolitics and central bank meetings lately, but that may change as soon as today. The US is set to announce a revised list of Chinese products it will impose tariffs on, which could provoke a proportional response from China and reignite fears
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S&P 500 (US 500) index neutral in the short-term, cautiously bullish in the medium-term. The S&P 500 index is trading not far below May 14’s two-month high of 2,741.40. Throughout the last couple of weeks, the index has been largely moving sideways. The RSI, which has also been moving sideways to a
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