Even after President Biden’s $1.9 trillion pandemic aid bill narrowly passed the House in the early hours of Saturday, the shakeup in stocks prompted by the rapid run up in Treasury yields looks set to continue to be a major focus for markets in the coming week. Investors will be focusing on Friday’s employment report, which is expected to show that virus...
The US is releasing the second estimate of Q4 GDP, alongside durable goods orders, personal income and outlays, and PCE price index. Elsewhere, the Eurozone business survey and the UK jobs report will be keenly watched Now, with rising yields, the chances the Fed will begin lowering its asset purchases, reducing liquidity, are starting to increase. Investors are...
U.S. stock markets will be closed on Monday for the Presidents Day holiday. Investors will be waiting for the FOMC minutes due Wednesday for further clarification on the next monetary policy steps in the holiday shortened week ahead and while earnings season is starting to wind down there are still some big names left to report. On the economic calendar, U.S....
A big week for earnings, including reports from Amazon ($AMZN), Alphabet ($GOOGL), Exxon Mobil ($XOM) and Pfizer ($PFE). Stimulus negotiations in Washington and the first jobs report of 2021 (January) will all be major events to watch in the coming week, but they are likely to be overshadowed by the standoff between retail investors and Wall Street hedge funds....
As we enter into the last market week of January, investors will have lots to focus on in the week ahead with a series of major U.S. companies including Apple ($AAPL), Microsoft ($MSFT), Facebook ($FB), and Tesla ($TSLA) all reporting earnings. The Federal Reserve is to meet, and markets will get their first look at fresh GDP growth figures in the final quarter of...
SP500 remains in yearly uptrend - yearly 250 days RSI above 50. Today´s pullback to 8 weeks ema gives a chance for longs to yearly R2 at 3782.80 which slightly above Camarilla H3 - reversal level. At yearly R2 we should see a major reaction.
The holiday shortened week will see Joe Biden inauguration as the 46th president of the United States on Wednesday with investors waiting to see how his plans for stimulus relief and tackling the pandemic will roll out. Janet Yellen’s confirmation hearing as the U.S.’s first female Treasury secretary is set to take place on Tuesday. The fourth-quarter earnings...
Market will likely be focusing on the prospects for a bigger stimulus package after Friday’s employment report showed the U.S. economy shed jobs for the first time in eight months in December amid a resurgence of Covid-19 infections. A further snapshot of how the economy is performing will be presented with upcoming Friday’s release of data on inflation and retail...
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The target level is around 3965.
The Federal Reserve announced on Friday evening that it will allow the nation’s big banks to resume share buybacks in the first quarter of 2021 subject to certain rules. Bank Stocks rose across the board in post-market trading with $JPM (JP Morgan) +5.3%, $GS (Goldman Sachs) +4.4%, and $WFC (Wells Fargo) +3.5%. Going into the holiday-shortened Christmas week...
The S&P 500 ($SPX) wrapped up a losing week, as the outlook for additional fiscal stimulus remained uncertain. The benchmark index declined -0.82% (-30.3 points), with an establishment of an all time high session at 3,715 level during the week. The minor sell off during the week has the volatility of the index at it’s 10 weeks, with price volatility range at an...
Description: Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 3639.9, with 1st resistance at 3783.0 as a possible target. Failure to hold above pivot at 3639.9 would see price swing the other way towards 1st support at 3590.3. Pivot:...
The S&P is currently be unfolding into terminal wave (iii) upside target from 3800-3900 as the primary wave count. Primary wave count shows a potential move higher targeting wave (iii). Is this actually all of higher degree wave V? We may make a small pullback before we finally make the terminal rally.
The S&P is currently be unfolding into terminal wave (iii) upside target from 3800-3900 as the primary wave count. Primary wave count shows a potential breakout with a remaining wave (iii) rally to go but we have to break higher from this record high levels with some more momentum in the following few days for an indication this is the proper count.
With more money printed - DXY gets to new lows Bullish for equities & precious metals!
seems like another consolidation for breakup.