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In our update from early March, we anticipated using the Elliott Wave Principle (EWP) for the S&P 500: “…. However, if, like last, the index breaks higher because the bears fail...
Stocks finished the day lower despite an early morning rally attempt. The S&P 500 finished down by almost 60 bps to close at 5,022. The index is nearing that all-important 5,000 big gamma level...
Monday's selling left no doubt as to who's in control of markets. The real disappointment was how little the 50-day MA played as support given how long ago it was last tested. Instead, we are left...
Yesterday’s sharp slide in US equities has refocused minds on a hardy perennial: the market can and does go down. Obvious, of course, but easy to overlook when prices are rising virtually...
Stocks finished the day sharply lower for a second day in a row, with the S&P 500 dropping by 1.2% and the NASDAQ dropping by 1.65%. The S&P 500 opened higher, but the selling started around...
It will take a few days for markets to digest recent economic news, but it was clear before any announcements were made this week that the rally from October lows had stalled, and markets have now...
Markets face headwinds as inflation surges, marking the fifth consecutive month of acceleration. Despite rising inflation, stocks historically thrive during such a phase, and the current correction...
Investors brace for uncertainty in the markets as geopolitical tensions loom and earnings season kicks off. Index futures are in the green for now but markets could resume yesterday's selloff if...
I'll cover daily charts during the week, but in this article, I wanted to look at the weekly picture. Friday was an ugly day on daily timeframes, but weekly charts are holding up well.The Nasdaq is in...
Yesterday belonged to the Nasdaq with Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) key contributors to the gains. The index is now challenging the 'bull trap' after recent struggles.Again,...
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