Tag: sp 500Sort
SP 500 Update.... U.S. Markets wear the Heavy Crown
Over the weekend I had an interesting conversation with a local trader. We typically meet a few times a year to share our market outlooks, new trading tools and techniques, and usually finish our session off in a debate about the US market manipulation and how to trade around it.
Why the U.S. Dollar is Critical for the S&P 500 Index this Week
Unfortunately I was sick the past few weeks and I am just now getting back into the swing of things. Similar to the demand pull that the warmer than usual spring has had on macroeconomic data, the warmer spring caused me to have an earlier than usual sinus infection as well as some horrific allergies.
The Federal Reserve, Gold, the S&P 500, & the Retail Mindset
The recent rally has been breathtaking, however the majority of investors have missed out on a large portion of these gains as significant levels of cash have been either moved to bond funds or taken out of equity markets consistently during this rally. Let’s face it, financial markets around the world are not what they once were.
A Bullishness Vibe in the Air as Traders Mover From Bonds into Stocks
This week may provide some trading opportunities for us if all goes well now that most traders and investors are all giddy about stocks again. Last week we saw money move out of bonds and into stocks and the bullishness vibe in the air reminds of many market peaks just before a 5%+ correction in stocks.
Volatility Bounces Bottom Awaiting Bad News or Selling to Strike!
Over the past 5 months we have seen volatility steadily decline as stocks and commodities rise in value. The 65% drop in the volatility index is now trading at a level which has triggered many selloffs in the stock market over the years as investors become more and more comfortable and greedy with rising stock prices.
This is somewhat of a things that make you go hmmmmmm exercise, but lets examine this 1356 number for a second here. The SP 500 hit 1356 today and put on the brakes and reversed down to 1341 in a possible terminal top move.
1356 actually has fibonacci relationships. If we take the last major rally which was from the Summer 2010 lows:
1010-1370 (May 2011 highs)
For the first time since the last week of December of 2011, the S&P 500 Index closed lower on the weekly chart. Recently I have been discussing the overbought nature of stocks based on a variety of indicators. However, the real question that should be asked is whether last week was just a short term event or if we see sustained selling in coming weeks.
The Dollar, Weak Earnings Indicate a Top is Near For The S&P 500
Can we still look to the financials to guide us on market movements?
Earnings season is now upon us and so far the only major earnings component that has been released is the J.P. Morgan earnings report that came in Friday before the market opened. After the report was digested by the marketplace, prices fell dramatically.
January 17, 2012 Weekly Stock Market Video Analysis
The following is the weekly stock market video analysis from Chris Vermeulen of the TheTechnicalTraders.com.
In this video he takes a look at the current chart conditions for the S&P 500, oil, gold, silver, and the dollar.
To watch the video please visit: http://www.thetechnicaltraders.com/253-21.html