Tag Archives: S&P500

S&P500 Key Levels

The S&P continues to march toward, what we believe, is the next major area of resistance at 2640ish, which is the zip code where the 50-day and next key Fibo live The market will soon be tested with the Q4 … Continue reading

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S&P500 Key Levels

Stocks have seized the bullish narratives — which are “like diseases,”, by the way – of a dovish Fed and an imminent trade deal with China, which should continue to drive the S&P up to its 50-day at 2639.61.  Note … Continue reading

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S&P500 Key Levels

Stocks were hit with a double punch with the Apple warning and this morning’s weak ISM data (see table).  The S&P took out all its hard work since the Christmas Eve tank to close at its post-Christmas low. We’re not … Continue reading

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S&P500 Key Levels

Wow!  What a wild start to the year. The S&P futures have already traveled 133 points with only one cash session under its belt.  That is equivalent to 5.3 percent of the index. The futures are down almost 30 points … Continue reading

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S&P500 Key Levels

The S&P500 starts the New Year in a global bear market, which began at the end of last January, and sitting just a few points below a key Fibonacci retracement level at 2508.94.  Interestingly,  the New Year’s Eve rally could … Continue reading

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Time To Tune Out Market Pundits

Fugly day in the stock market. We had to post a response to the market punditry rationalization on why stocks accelerated downward today: “the S&P500 broke its 200-day moving average.“ Are you fricking kidding me? The S&P500 has been under … Continue reading

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The S&P Levels You Need To Know

Interesting double-top, double bottom W forming in the S&P500.   In honor of George H.W. and George W.?  Hmmm…… The futures were rejected right at key resistance in overnight trading, making a high at 2814.0 during in early morning pre-trading and … Continue reading

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S&P Levels To Watch

We maintain our view there is a high probability the 2018 S&P500 intraday low at 2532.69 will be tested, which is 5.87 percent below today’s close. The next levels to watch are closes below 2641.24 and 2581.0, the recent and … Continue reading

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Crude Testing Critical Support…Will Stocks Follow?

The near WTI futures price is down 21 percent since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.   Fearing spiking oil prices, the U.S. granted waivers to eight of … Continue reading

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Why The 2018 Stock Market Corrections Are Different

Just a quick note and some data to bolster our last post and concern that Treasury yields are not coming in  during this stock market correction. The table illustrates that the this year’s two S&P 10 percent corrections have coincided … Continue reading

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