On July 1st I posted the Elliot Wave Count since the Feb highs to July 1 and outlined the future path DOWN. This is an update on that post zooming in on the minute wave counts down from the recent wave 2 (of 3 of C DOWN). On the left is the same chart (also see a link to that post bel
Citibank’s Chief US Equity Strategist and his team has bumped up their price target for the S&P 500 index to 2,900 from 2,700. However, this revision still implies a 10% drop from current levels of 3,150. They opine that the monetary policy would have already been in place to forbid a 20% or a g
5 day winning streak is over
The US major indices are closing lower across the board. The declines are led by the Dow industrial average. However the S&P index and NASDAQ index also fell smartly.
The Dow industrial average did not trade positive on the day.
The NASDAQ index traded up over 8
S&P 500 Futures bounces off 3,132 to defy the previous day’s downbeat performance.
US coronavirus cases crossed 3 million mark, numbers from Victoria recede while Beijing holds zero figure.
China witnesses further hardships from the US but chooses to open a new national security office in Hong K
The Dow Jones futures are trading modestly lower and are down by 100 points. There is still a lot of optimism among investors, and the current weakness is nothing more than a pause.
The DJIA index is in battle with the 200-day simple moving average on a daily chart. Yes, the Dow Jones index closed a
DAX: Bullish bias above 12612.00
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Pivot (invalidation): 12612.00
Our preference Long positions above 12612.00 with targets at 12840.00 & 12913.00 in extension.
Alternative scenario Below 12612.00 look for further downside with 12
Another historic day for the NSDQ100 & SPX500 and also high-flying tech companies trading on infinity years ahead of dreams. I saw an article today on how startups/normally pre-IPO stage tech companies are considering IPO'ing right now to take advantage of this climate.#investment##NASDAQ##SPX500#
S&P 500 Futures probe 12-day top with eyes on February month peak.
Hopes of further stimulus, upbeat global data favor equity bulls.
Fears of the virus, trade/political tension compress the optimism.
S&P 500 Future rises to 3,177, up 0.15% on a day, as markets in Tokyo open for trading on T
Updates as the market open:
- U.S. stock futures rise as coronavirus cases continue to surge
- U.S. hits 156,000 new coronavirus cases over July 4th Holiday
- Stocks in Europe rally on economic optimism
- Asian markets surge, with positive economic data outweighing coronavirus fears
USD/JPY extends recovery moves from an intraday low of 107.45.
S&P 500 Futures, Nikkei 225 and the US 10-year Treasury yields print mild gains.
Coronavirus worries, global ire against China remain on the table.
US ISM Non-Manufacturing PMI, risk catalysts will be in focus.
USD/JPY rises to 107.
S&P 500 Futures defies Friday’s halt to a four-day winning streak.
US dollar remains on the back foot amid rising virus numbers, fears of escalating US-China tension.
US data, American traders’ return and the qualitative catalysts will be in the spotlight.
S&P 500 Futures print 0.60% gains
The only time the bears appeared during yesterday's trading, was at the very U.S. open. A steady move higher followed, with the final hourly upswing erased 15 minutes before the closing bell. How concerning is this?
I don't think it's a setback worth much mentioning. Yesterday's ADP non-farm employm
The S&P 500 maintains its break above its 13-day exponential average after yesterday closed at 3115, reasserting a very short-term upward bias with resistance seen at 3127/31, then 3153/56, per Credit Suisse.
“Support is seen at 3085/81 initially, then 3067 and whilst above here the i