Category Archives: S&P500

The Stock Market’s Key GPS Coordinates

Posted on February 25, 2020 by macromon

Ugly two daze of trading.   In fact, two of the four largest point drops in the history of the Dow Jones Industrial Index.   The S&P500 is now sitting right on a key Fib level at 3124.74. Now What? A  bounce … Continue reading →

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S&P’s Great Run…What Next?

Posted on December 1, 2019 by macromon

The S&P500 price index is up 25.30 percent going into December, the 9th best performance for the index from January to November since 1950.   What makes this year’s rally unique to the prior big years is that it launched from … Continue reading →

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Discipline Trumps Conviction

Posted on November 25, 2019 by macromon

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading →

Posted in Economics, S&P500, Uncategorized | Tagged | 5 Comments

S&P500 Traces Out A Spinning Top Daily Candlestick

Posted on October 17, 2019 by macromon

The Difference Between a Spinning Top and a Doji Spinning tops and dojis both represent indecision. Dojis are smaller, with small real bodies and small upper and lower shadows. The Spinning top has long upper and lower shadows. Both patterns occur frequently … Continue reading →

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A Short Stay At The Bear Trap Inn

Posted on August 2, 2019 by macromon

As we suspected in last night’s post, A break of today’s low at 2945.23 cinches a beeline move to the 50-day, where algos will likely set their bear trap and try and bounce the market.  We expect a feeble bounce at best, … Continue reading →

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Charts That Validate Stocks Are In The Process Of Topping

Posted on June 30, 2019 by macromon

The S&P 200-day rolling return is an interesting chart but not much in the way of signals with the exception to illustrate the S&P500 does not fall out of the sky and enter bear markets after a strong 200-day run. … Continue reading →

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Are Stocks In A Bear Market?

Posted on June 26, 2019 by macromon

Technically, no. Spiritually?  Nor sure, but definitely, there’s is something happening here. What is ain’t exactly clear. S&P Flat For Past 17 Months Even with all the Strum und Drang since the massive volatility shock of January 2018 — which includes … Continue reading →

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Will The S&P Hold The Line?

Posted on May 23, 2019 by macromon

Will the S&P hold its May 13th low of this current sell-off at 2801.43? Glad you asked.   The market is currently trading at its low of the day, 5 points above that support level. Tuesday’s Post The stock market took … Continue reading →

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Key S&P Levels

Posted on May 22, 2019 by macromon

It’s been a while since drilling down on the markets.  We have been concentrating on rebuilding our website to deal with the free riders and honing our web scraping coding skills.  Our economic and market analysis has focused on the … Continue reading →

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S&P500 Key Levels & Gravestone Doji

Posted on January 16, 2019 by macromon

Today’s price action and candle look sound as closest like a bell ringing to sell the S&P as you are going to get.   Yes, we jumped the gate a bit early in our recent short and are very cognizant the … Continue reading →

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