Trump tweets on the Trade War is driving the stock market correction. Fundamentals and the underinvestment of the market at large remain relatively unchanged. A correction to the 7600s on the index will be a good level to consider getting involved.
Princess Gwen here, and I am Bored, Bored, Bored. What is a Princess supposed to do while waiting for a market to do something interesting? One can only go to so many parties. Eventually a girl wants some market action.
Back in January, I said the Nasdaq (and by extension, all markets) would trade sideways for a good long while, as we wait to see what ugly thing...
On a technical basis, it seems like the Nasdaq may bee running into a little bit of a headwind. As can be seen in the weekly chart, it appears a "Shooting Star" pattern has formed, coupled with negative divergence in the Smart Money Index. Furthermore, if one looks at the Nasdaq's monthly chart, one can see that even an "Evening Star Doji" is forming as well.
We...
Nasdaq Composite Index closed at new 2019 highs last Fri. That also coincided with the first close above the weekly clouds for the year. It remains to be our high conviction call that stocks will make new all time highs this year.
Judgement day should occur on or just before 28 March 2019 which will conclude if we are in a bull or bear market.
Why March 2019? What is so special about March 2019? Guess what happened, 19 years ago...
On 28 March 2000, the NASDAQ Composite index peaked and the great crash began, where the index lost about 31% in just 14 days. For some reason, the dot.com...
Really the same story for all the US indices. Struggle at previously tested resistance. I'm not a bear, but I won't buy until we can see some significant moves above ranged resistance.
In my opinion we are in the middle of a necessary price correction.
-We should see a short term downside reversal put an end to the recent rally.
-We should see some highly volatile weeks with some sideways movement for the remainder of 2019.
-We should see the ABC correction come to an end with price catching support to ultimately form a new bullish channel
We had another good week and the S&P500 is now 10,7% up YTD. Regarding the week ahead, it does not have a bad outlook.
- In the worst scenario it will be a period of consolidation
- Trade talks between US & China and Brexit remain a concern for traders
Both have deadlines in March and outcomes are expected to be positive which will boost the equity markets
- 3...
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
The Nasdaq Composite Index is the market capitalization-weighted index of approximately 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities.
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IXIC (Derived Data)
