This 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 agoOil prices have remained highly volatile amid geopolitical tensions, reflecting the complex interplay between supply and demand dynamics, economic data, and global uncertainties. Recent conflicts in the Middle East and the ongoing Russia-Ukraine war, have...
1 month 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 agoThe market reacted to lower-than-expected monthly jobs data, among other factors. However, this morning, the index is likely to open 0.6% higher on improving investor sentiment ahead of the important CPI data on Wednesday and the FOMC Rate Decision next w...
1 month agoAs a result, sentiment worsened slightly ahead of the S&P 500 index open. Futures contracts are trading 0.3% lower; prior to the release, they were down 0.2%. Stock prices are set to fluctuate following Monday and Tuesday’s rebound, which seems like a...
1 month agoThe market is once again nearing its July 16 record high of 5,669.67. But will it continue upward? Today, the index is expected to open 0.1% lower as markets await the FOMC rate decision on Wednesday. In the short term, the market appears more and more ov...
4 weeks agoToday’s focus is on the FOMC rate decision, with the announcement scheduled for 2:00 p.m., followed by a press conference at 2:30 p.m. The index is expected to open virtually flat and will likely consolidate ahead of the Fed release, which is expected to...
3 weeks agoSo, was Friday’s session just a pause before another leg higher, or is it signaling a potential topping pattern ahead of a downward correction? Today, the market is likely to open 0.1% higher, as indicated by futures contracts, and the index is expected t...
3 weeks agoFutures contracts indicate the index is likely to open 0.3% lower this morning.Investor sentiment remains elevated, as shown by last Wednesday’s AAII Investor Sentiment Survey, which reported that 49.6% of individual investors are bullish, while only 23.7...
2 weeks agoThe market dipped below 5,700, slightly extending Tuesday’s decline of 0.9%. On Tuesday, I mentioned that the market “may see some more short-term uncertainty and a sideways trading action.”, and it’s proving correct. This morning, the S&P 500 is like...
1 week agoThe S&P 500 index lost 0.96%, but it remained within its recent trading range. This morning, it is expected to open 0.4% higher, further extending its sideways movement.I still think the market is forming a top, and the seasonal pattern suggests the l...
1 week ago