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The Dow Jones Index is showing a bullish picture, as opposed to the bearish conditions of the S&P 500. This index is in fact trading above all major moving averages, especially the 200-day MA (green moving average) and the 50-day MA (red moving average). The price also bounced recently at the 32600 level, which acted as strong support. It's likely that we could...

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The S&P 500 index jumped yesterday, closing the day just below the 50-day MA (red moving average). Today, the price is falling slightly, indicating a possible rejection at the 50-day MA. If that is confirmed today, the price could retest the support at around 3800. If that support will not hold, it's likely that the index will fall further and test the next...

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The chart of the Dow Jones Index is showing a different view of the US stock market. The Dow Jones Index broke above the bearish trendline on 10 November 2022 and it looks like this trendline is now acting as support (see the green circle in the chart). The whole area between 32400 and 32900 is potentially a strong support zone for the index price since it has a...

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The S&P 500 index bounced at the horizontal support line at around 3800, creating a "hammer" candle, which is a bullish sign for the immediate short term. Is this a bull trap or can we expect more downside? The index might keep rising today and retest the 50-day MA (red moving average). If the price is able to break above it and also above the horizontal...

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US stocks fell yesterday On Monday, the three major indexes have gone down as follows: the S&P 500 lost 0.90%, the Nasdaq went down 1.49% and Dow Jones closed at -0.49%. The stock market went down due to the recession fear. S&P 500 Technical Analysis - Daily Chart The S&P 500 index has been declining every day since the price was rejected to multiple...

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US stocks fell yesterday On Wednesday, the US stock markets went down after the Fed's decision about the interest rate. The S&P 500 lost 0.61%, the Nasdaq went down 0.76% and Dow Jones closed at -0.42%. The downside movement has been driven by Jerome Powell's hawkish speech. The Fed's decision The last Federal Reserve meeting of the year has been held...

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US stocks performed well yesterday On Tuesday, the US stock markets rose after the CPI data. All the major indices, S&P 500, Nasdaq and Dow Jones have reported gains of 0.73%, 1.01% and 0.30% respectively. The positive movement has been driven by the CPI data released yesterday showing better than expected inflation numbers. The inflation forecast was at 7.3%...

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China’s growing protests are sending oil and stocks down It looks like in China there is no rest for the protests against COVID-19 lockdowns That has led the stock market as well as the oil to tumble. According to the actual level of the Long-dated Treasury yields, which is below the Fed’s overnight benchmark range, traders believe that we are going to see a...

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The Nasdaq 100 is currently testing the downtrend blue line. It looks like it has already broken to the upside, but I would wait for a few days for confirmation. If the price can stay above the downtrend line, it would be a bullish sign. In August, the price broke above the trendline but it moved again back below it, creating a fake breakout. The 50-day MA...

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Fed Slowdown According to the November minutes, released Wednesday, the majority of Federal Reserve's officials believed that is soon necessary to slow down the interest rate hikes. The minutes show that there is a high probability that the Fed, in the next meeting in December, will rise the interest rates by 50 basis points, stopping the run of 75 basis point...

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US indices went up overall yesterday. Both the S&P 500 and the Nasdaq closed at +1.36%. The positive upward move has been driven by the forecast sales of the big retailers such as Dick's Sporting Goods and Best Buy, which will not fall as much as expected. Today's focus is on the minutes of the Federal Reserve’s November meeting: the expectation is that the...

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Wall Street is down after the factory index data U.S. stocks dropped slightly on Thursday because investors looked at the negative data coming from the Philadelphia Fed factory activity index which keeps falling down for 6 months in a row. This particular index measures the business activity of manufacturers. It is important to mention that inverted yield...

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Strong retail sales data Major U.S. indexes dropped yesterday following the retail sales report. The data showed that retail sales were up strongly in October, above expectations. This is a sign that the U.S. economy is strong, therefore the Federal Reserve will likely continue to increase the interest rates to reduce the high inflation. Mary Daly, San...

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S&P 500 Technical Analysis - Daily Chart The S&P 500 price is trading inside an ascending channel. Yesterday, the price moved above the upper channel line and it almost touched the 200-day MA (green moving average), then it has been rejected and dropped inside the channel. This happened in response to the news that a missile hit a Polish village, a few miles...

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S&P 500 Technical Analysis OANDA:SPX500USD The S&P 500 price yesterday broke the resistance downtrend line to the upside. This happened following the release of the US CPI inflation data that increased less than expected (7.7% vs. 8% expected). Wall Street celebrated. Stocks jumped higher. The S&P 500 Index closed up yesterday at almost 6%. The Nasdaq Index...