S+P 500 Futures trade around the clock, so after the New York Stock Exchange + Nasdaq Close at 4 om Eastern, futures trading continues thru the evening+ overnight hours until the exchanges open at 930 am in the morning. The S+P Futures ALWAYS Lead the Cash market, throughout the trading day. So what happens in the futures market is very important to be aware of....
When I last wrote about Apple on tradingview.com a few weeks back I made a clear point of telling you that Apple would lead the market LOWER. Chart pattern on Apple show a very bearish rollover pattern, now becoming all too common in bellwether technology stocks. Apple has Major Support at 190. A failure there, would project Apple Down to the 150-160 price...
The Nasdaq 100,made up of the premier technology stocks in the U.S,has topped on the chart, and is leading the market break,back to the downside, as buy the dip bulls, are clearly being overwhelmed by large block selling from institutions looking simply to exit positions in these stocks that have lead the bull market before the end of the year. This is an...
S=P 500 has broken TREND LINE Support on the 15 minute Open Chart at 2782, rendering a Short Term Sell Signal. Trend Line Connects the Bottom at 2706.04 on 11/2/18, with the 2740.35 Low of 11/6/18, drawn out to 11/9/18 This Sell Signal is for Short Term Trend Analysis Only. THE_UNWIND 11/9/18 1240 pm NEW YORK
The technology stocks have been the long time leader of this bull market. As the chart of XLK, the S+P Technology SPDR shows,technology stocks, like the bellwether FANG stock, including Apple have clearly rolled over on the charts, and are bearish in trend. Today the technology ETF is down yet another 2 % If the market's leading aggressive group, is in...
Throughout history, there has been times to own stocks or paper assets, and times when to go near them.. would be dangerous to your wealth. In 2018, as the chart of the MSCI World Index shows, stocks have begun the process of rolling over from historic highs. There is indisputable evidence, that stock markets throughout the world, are seeing liquidation, as the...
S+P 500 has closed above the .618 Fibonacci retracement level of 2812.03, from the September high of 2940.91, to the October low of 2603.54 a potentially BULLISH development, coming on the day after the US mid term elections. Price has formed a " V " bottom on the chart, a pattern made famous by Nasdaq 100 technology stocks, as the violent sudden price...
Walmart has a Very Bullish Chart, For students of technical analysis the pattern is a CUP .+HANDLE Formation. Recent decline on the Cup bottom pulled back just below 100 support. WMT is due to post earnings on Nov.15.2018 A Bullish Upside Surprise on WMT earnings easily could propel the stock back up to its all time high near 110, and...
S+P 500 has turned Bullish in my work above 2750. I wrote about this possibility in my Weekly Preview on 11/5/18 The market seemed to sense at the end of October, by holding S+P 2600 major support then rallying strongly and then breaking back above S+P 2710, that the mid term elections would not disturb the pro growth, full employment,less regulation strong...
APPLE the crown jewel stock of this bull market a stock that could do no wrong, especially around earnings releases, quarter after quarter and wowing consumers with the best high quality computers and phones in the marketplace made a UNFORGIVABLE MISTAKE They announced to the street on 11/1/18 they were going to HIDE their main source of revenue I-Phone...
I have been Bearish on the S+P 500, since the all time high of 2940 on 9/21/18, capturing 337 points of Decline to the 2603.54 Low on 10/29/18. I have both forecast,and written about the decline, in numerous articles here on tradingview.com As the hours pass towards month end chart close today, I am seeing signs the "shake out" low at 2603.54 on 10/29/18 ...
APPLE AAPL a key stock in the DOW and Nasdaq100 showed a clear BEARISH ROUNDED TOP FORMATION on the CLOSE on 11/1/18 at 222.22 ( See Chart) In after-hours trading, the stock has fallen 7 % to 207 on disappointing I-Phone sales, in their earnings release this afternoon. Technical and Chart Analysis allows you to anticipate moves in stocks, by identifying...
Apple said they will no longer break out quarterly sales of I-Phones individually with their quarterly earning releases , INSTEAD it will release one melded number, of sales of I Phones, I-Pad's, and I- Mac's.as a composite number. GEEZ, when APPLE doesn't want the street to know what the sales of their most valuable product is, to their bottom line each...
Crude Oil has dropped over 11 % in October, after reaching a high at 76.90 this month, it fell almost $12.00...... to close the month just above $65. $65 Crude is at very important trend line support....on the chart. Daily Price Chart shows a material closing break below $64, could render serious downside projections , with a potential move back all the way...
The New York Times NYT just posted better than expected earnings for the quarter, ..the street always rewards a company beating their expectations.. on much stronger than expected growth, in their paid digital subscriber base. The stock is set to OPEN 11/1/18 with a GAP UP OPEN ABOVE RESISTANCE. Short Term Target Price to the Upside is 29 and then 34, with...
A Bull Trap ...continues to be sprung on unknowing bulls, as the DECLINE in the S+P 500 goes on.. without a hitch. Sharp immediate rally on 10/29/18 satisfied the bulls, as short term divergences allowed the S+P rally back above 2700. However 45 Degree Angle of Resistance at 2710 that I have been writing about continually,... easily fought off another very sharp...
After just writing about Amazon AMZN this past week, I felt the need to update my thoughts as the stock fell almost 8 % on 10/26/18, following their disappointing forward guidance to the Street with their earnings release of 10/25/18 Yet somehow, as is ALWAYS the case, the market,had already figured that as big money is want to do by large scale price...
Copper has long been used a predictive industrial metal of economic strength worldwide. The price peaked in 2013 near 3.35, and then bottomed in early 2016 at 1.95 During the last few years as paper assets like the stock market rallied to historic highs the chart shows that it has only managed to retrace 50 % of its multi year decline and the current pattern...