Category: Stock Index Trading
The analysis published under this category are as follows.
Friday, October 23, 2009
Overdue Stock Market SPX Pullback / Stock-Markets / Stock Index Trading
By: Zeal_LLC
It’s sure been an awesome year in the stock markets! By this week, the benchmark S&P 500 index (SPX) had soared 62.3% from its despair-laden March low and 21.6% year-to-date. Naturally the gains have been fantastic in this dream environment for traders, with nearly all sectors relentlessly powering higher.
Friday, October 23, 2009
Stock Market Bulls Punch Back... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
Just when it looked like all hope was lost for this rally to hang in there, the bulls fought back today in a big way, engulfing the losses from yesterday. Not much news to go on except some good Dow earnings reports this morning. The market gapped down big on the Nasdaq, but the Dow wanted green. The market was bifurcated with the Nasdaq down 10, but the Dow up 40 an hour or so in. After that, the Nasdaq started to reverse while the Dow kept going. The S&P 500 started lower but it too reversed as the banking stocks started to turn up after the downgrade on Wells Fargo Company (WFC) late day yesterday.
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Friday, October 23, 2009
Stock Indices Close with a Bang! / Stock-Markets / Stock Index Trading
By: Harry_Boxer
The indices ended with a bang on Thursday, but they started out much differently.
The indices dropped sharply at the opening and went to new pullback lows. They were short-term oversold at that point, at key trendline support on the Nasdaq 100 and just below key initial support on the S&P 500. They rallied back in a 5-wave advance, with the 5th wave being the sharpest that took the indices to key overhead resistance, only backing off in the last half hour.
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Thursday, October 22, 2009
Stock Market Last Reversal Day... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
The market was moving higher throughout the day with commodity stocks leading the way based on the dollar falling apart. It opened at 22.40 PowerShares DB US Dollar Index Bullish (UUP) and got down to 22.26, which is exactly where the bottom of that bullish falling wedge is. A move below 22.25 and we'd have blastoff for this market.
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Tuesday, October 20, 2009
Stock Market Gap Up and Reversal...Mild Retreat... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
Is it a sign of further down side action to come?
Based on technicals I'd say yes but if you're expecting a market free fall, you're in the wrong game. We gapped up today and clearly that gap was sold but whenever we got near 10,000 on the Dow, the bears got their usual cold feet. However, with many good earners from last night printing black candles, meaning more sellers than buyers once it opened for trading, it tells us a lot of the good news is in near-term on this market. I will remind you again, that does not mean the market gets crushed from here. A 5% pull back over some weeks is possible but no guarantee. If the pullback is tepid and on lighter volume with unwinding oscillators, you can expect another move back up once the selling ends.
Tuesday, October 20, 2009
Key Moving Averages Hold in Stock Market Down Session / Stock-Markets / Stock Index Trading
By: Harry_Boxer
The indices moved lower today, but they did recover in the last half of the session to pare the losses.
The day started out with a gap up on Nasdaq, though the S&P 500 was flat , they then vacillated back and forth in the morning. After about an hour the indices rolled over hard, with the NDX dropping from 1764 to 1746, and the SPX from 1096 to 1086 at that point, a very sharp drop.
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Tuesday, October 20, 2009
Stock Market Rally Refuses to Quit.... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
Negative divergences. In fact, quadruple negative divergences on the Dow and basically triple negative divergences on the S&P 500 and Nasdaq. Overbought daily charts everywhere to add on to the negative technicals.
So how does the market respond?
Tuesday, October 20, 2009
Are You Laughing or Crying About the Stock Market? / Stock-Markets / Stock Index Trading
By: INO
There's no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.
Monday, October 19, 2009
S&P 500 Stocks Index to Test Friday's High / Stock-Markets / Stock Index Trading
By: Mike_Paulenoff
For traders watching the S&P 500 and the S&P 500 Depository Receipts (AMEX: SPY), here’s a look at the hourly chart of the S&P 500 emini futures contract, which shows the index racing towards a retest of Friday’s high at 1095.90. If hurdled that should trigger additional strength that propels prices to 1105-1112 thereafter. Only a break below 1082.75 before the index makes a new recovery high above 1095.50 will morph the near-term pattern into something less bullish than my currently projects.
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Monday, October 19, 2009
Are You Watching This Stock Market Divergence? / Stock-Markets / Stock Index Trading
By: Marty_Chenard
It was just a little over 1 year ago, October 3rd of 2008, when the SPY gapped down sharply. That gapped remained unclosed until last Thursday.
On Friday, the SPY had pulled back slightly and it closed at 108.89.
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Sunday, October 18, 2009
Stock Market Forecast / Stock-Markets / Stock Index Trading
By: Jay_DeVincentis
Here's a look ahead... First of all, I would like to say thank you to everyone who attended my seminar this weekend. It was a great day of sharing in what I consider a life long learning process. We spent the day discusing market sentiment, market cycles, all styles of trading, my day trading strategy, fibonacci and finished with a forecast of the future. We'll likely hold the seminar (class) at the same time next yearand limit it to 10 participants, so if you're interested in reserving a spot, let us know and you'll be first on our list when we set it up... Again, thanks.
Sunday, October 18, 2009
Stock Market Trading In the Middle / Stock-Markets / Stock Index Trading
By: Jay_DeVincentis
Let’s see what the market has in store for us this week...
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Saturday, October 17, 2009
Stock Market Top? / Stock-Markets / Stock Index Trading
By: Peter_Navarro
For the last month, I’ve been warning about the possibility of a either a market pullback or bearish trend reversal. During this time, I’ve moved much of my own portfolio into cash while hedging my long term long holdings (primarily GE leaps). While the US stock markets have continued to rise, albeit at a slowing pace, technical analysis continues to indicate an ongoing deterioration. As Market Edge writes in this week's Market Letter:
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Saturday, October 17, 2009
Stock Market Hits New 2009 High, Some Negative Divergence... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
We finally made the move over the 1080 level on the SP 500. It took quite a long time with lots of close calls that teased the bulls and gave the bears reason to wipe their brows in relief. The gap was on huge volume back in October 2008 thus it really came as no surprise that we failed the first tests up there. With the bears never really able to sell things off, the bulls finally found a way to get the job done. At the same time we cleared 1080 on the Sp, the Dow made a run and cleared 10,000. It felt really good to anyone who has a bullish slant. The real question that's being asked is whether or not we can hold over Dow 10k and above Sp 1080. There are some signs that short term, it will be tough for the bulls here.
Friday, October 16, 2009
Will Earnings Reports Support the Stock Market Rally? / Stock-Markets / Stock Index Trading
By: Sy_Harding
The rally off the March low has been remarkable. The market plunged too far to its March low, on fears about the economy that had not been seen since the Great Depression. So a substantial rally off that low was to be expected.
Friday, October 16, 2009
Stock Market Breakout Holds.... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
The bears tried this morning to take things lower after yesterday's clean breakout over S&P 1080. The futures were down pre-market but worsened once the earnings came out from Goldman Sachs Group (GS) and Citigroup, Inc. (C). The numbers from GS were solid but it had been straight up and needed a pause in the action. It certainly got that refresher pre-market as it was down about 5$. Citigroup, Inc. (C) was awful. Less of a loss than expected but they're still bleeding out badly and this hit the market even harder.
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Thursday, October 15, 2009
Stock Market Breakout! / Stock-Markets / Stock Index Trading
By: Jack_Steiman
So we finally said goodbye to 1080 S&P 500 after trading in between the gap for a month or so. One break down below along the way that was quickly recovered. You had to figure it would take time to get through since the gap down from 1080 to 1060 in October 2008 was on massive volume and started another strong leg lower. Lots of willing sellers at that magical 1080 level.
Tuesday, October 13, 2009
Stock Market Strike Two...But Holding Very Well For Now... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
We hit 1080 weeks ago and then pulled back strongly only to blast back up and hit 1080 yet again today. We pulled off that again quite sharply intra day but saw the S&P 500 hold very well overall in to the close with a finish at 1076.
Tuesday, October 13, 2009
Stock Market Sharp Afternoon Slide Stems Morning Rally / Stock-Markets / Stock Index Trading
By: Harry_Boxer
We had an up-day, but the indices gave back all or most of the gains in an afternoon slide. But they again recovered in the last hour to close up on the session.
Net on the day the Dow was up 20.86 at 9885.80, the S&P 500 up 4.70 at 1076.19, and the Nasdaq 100 up only 1.87 to 1729.63, about 13 points off its high for the day.
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Monday, October 12, 2009
Stock Market Overly Bullish Stance Typical at New Market Starts / Stock-Markets / Stock Index Trading
By: Donald_W_Dony
The four markets; currencies, bonds, commodities and stocks, are continuing to respond in an arena of mixed emotions. Bond prices have firm support from traders fearing deflationary pressures are coming and also a longer-term stock market correction. Gold bugs are on the other side. They are convinced that rapid inflationary concerns are developing due to the steady deterioration of the US Dollar.