Financial Analyst
Stock prices were rebounding on Friday, with the S&P 500 index gaining 1.11% and closing above the 5,200 level. The sentiment improved after a better-than-expected monthly jobs data. The market retraced most of its Thursday’s decline of 1.2%, but it s...
6 months agoThe market awaited today’s Consumer Price Index release, and this morning, the number came higher than expected at +0.4% month over month. The futures contract is pointing to 1.3% decline at the open for the S&P 500 index.Last Tuesday, in my Stock Pri...
6 months agoThe CPI has been higher than expected at +0.4% month over month, which caused an advance of the U.S. dollar, leading to stock markets’ sell-off. Futures indicate an 0.2% advance for today’s S&P 500 opening, following lower-than-expected Producer Price...
6 months agoFriday’s trading session was dictated by fears of the Iran-Israel conflict escalation, and the S&P 500 index suffered a 1.46% loss, closing the lowest since mid-March. The market broke below its early April local lows, extending a short-term downward...
6 months agoThe Middle East tensions took over once again as markets feared Israeli retaliation.In my Stock Price Forecast for April, I noted, “Closing the month of March with a gain of 3.1%, the question arises: Will the S&P 500 further extend the bull market in...
6 months agoOn Monday, a failed rebound led to another decline and a breakdown below the 5,100 level. Yesterday, the market extended its downtrend; however, it still looks like a correction following a medium-term uptrend from November.In my Stock Price Forecast for...
5 months agoThe S&P 500 index dropped by 0.88%, falling below 5,000 and reaching a new medium-term low of 4,953.56. This marked its lowest level since late February, with a decline of over 311 points or 5.9% from the record high of 5,264.85 on February 28. The ma...
5 months agoOn Friday, the index hit a new medium-term low of 4,953.56. This marked its lowest level since late February, with a decline of over 311 points or 5.9% from the record high of 5,264.85 on February 28. Yesterday, stock prices rebounded as tensions in the M...
5 months agoWednesday’s trading session wasn’t a game changer as stock prices fluctuated following their Monday’s-Tuesday’s rebound. The S&P 500 index gained 0.02% after bouncing from the intraday low of around 5,050. On Friday, the index hit a new medium-term lo...
5 months agoThe S&P 500 index opened with a gap up and closed 1.02% higher, near the 5,100 level. It was the highest since April 15 when it sold off after a failed rebound attempt.On previous Friday, the index hit a new medium-term low of 4,953.56. This marked it...
5 months agoThis slightly extended the “V” rebound following last Monday’s dip to a local low of 5,119.26. The question remains: is this still just an upward correction, or is it an uptrend leading to new all-time highs? This morning, the S&P 500 is likely to ope...
2 months agoThe market has retraced almost all of its declines from the August 1 local high of 5,566.16. The rebound surprised a majority of traders and the question is: Will the market go straight to new highs, or will it reverse at some point and retrace the rally?...
2 months agoThe market continues to climb following the brief Yen crisis at the start of August, surprising many traders. The question now is whether the market will continue to new highs or reverse course and retrace the recent rally. For now, there are no confirmed...
1 month agoThis rally has retraced nearly all the declines that led to the panic selling and the August 5 local low of 5,119.26. The market has slightly extended its advance following a much larger-than-expected revision of annual jobs numbers yesterday. This mornin...
1 month ago