What is S&P 500 INDEX?
The Standard and Poor's 500, or simply the S&P 500, is a free-float, weighted measurement stock market index of the 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
Basically, Red line is a future Resistance area for S&P 500 and Green lines could be two main area...
1. Price just got rejected on the weekly structure with a bearish engulfing.
2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 .
3. Personally prefer it to close above the weekly structure.
Marathon Oil Corp. $11.31
July 13th 2017
Energy has underperformed the S&P 500 by -21% year-to-date. Marathon is down -35% and trades at a 22% discount to tangible book value, despite being relatively well positioned to withstand lower crude oil prices (figure 1).
At 6.2x EV/EBITA (9.0x sector average), there are signs that patient investors will be...
