Overnight, S+P 500 Futures have dropped sharply on renewed "world" banking concerns with this mornings NYSE OPEN appearing to target the S+P 500 200 Day Moving Average at 3933.42. I am renewing my market opinion,back to BEARISH Yesterday's rally back to SPX 4000 appears to have failed once again., and price has "whipsawed" back down I have been writing that...
Note ! The KST Indicator on the S+P 500 Daily Chart, has formed a "bullish double bottom", (See Attached Chart) and this morning has just "crossed perceptively ABOVE " its declining trend line" at 26.31, Last at 26.55, potentially signifying a "confirmed " bullish short term reversal in the market. After yesterdays Fed interest rate announcement, stocks dropped...
The US Federal Reserve "will" raise interest rates by .25% this afternoon, in order to retain their credibility in the fight against high inflation. They will explain away the recent highly publicized bank collapses at SVB Bank and Signature Bank, as isolated occurrences, and will go out their way to stress the overall soundness of the US financial system. That...
The "short covering rally " continued today, with the S+P moving all the way up to big 4000 Resistance. With sentiment so bearish, bank failures you know can do that, the stock market is doing it's absolute best to crush the shorts prior to the FMOC Announcement tomorrow on interest rates. Note the VIX getting hammered,down 10 % today, and the sharp move down in...
With the VIX running at 25, traders should exercise extreme caution going into the Fed announcement on interest rates on Wednesday, Key Thing to Grasp over the next 48 hours. What appears to be opportunity,, will most likely be a trap ! The KST INDICATOR IS SHOWING NO SIGN OF BOTTOMING, and Continues on a Intermediate SELL SIGNAL. So be very careful. Things...
Technical analysis of the chart of the S+P 500 shows a clear "broadening top" pattern that's continues to develop, one day at a time. It is a "recognition pattern "that tells you that the market as measured by the S+P 500 continues to sell off, with the characteristic of measured lower highs, moving across the pattern. One important "characteristic" of a...
Yesterday's sharp bear market rally went "poof", on the computer screen this morning . Liquidity concerns surfaced once again,..... this time with the large Swiss Bank Credit Suisse. Contagion fears rippled across the ocean, hitting US banking concerns. This loss of confidence to my mind continues to be quite serious. Would you, how could you, invest your life...
When a market goes 2 % against you, hopefully you have already put in GTC STOPS to protect yourself. Today's very sharp counter trend rally, after a tamer CPI Report for February than expected although expected,by those who follow the month to month economic numbers closely Rally today was certainly "not expected" by most, except by the "perma-bulls " based on...
The sudden worry of real "Contagion " in the banking system in the United State is now very real.... and has caused US Regulators to seize two banks this weekend SVB Bank in Ca, the second largest US Bank. and Signature Bank in NY, a major crypto bank. Worries and concerns are that there will more bank runs, and more banks shuttered, an idea that is almost...
Nothing concerns Wall Street more than a "sudden" drop in bank stocks, like what has happened both yesterday and today The concern is that somewhere out there, something is amiss or foul buried in the deep financial fine print, that could potentially and eventually set off a chain reaction domino effect loss of confidence in the financial system. Perhaps you are...
Markets often move in the opposite direction of 'expectation", causing traders to be tossed into "trading chop" just prior to the release of an important economic number. That heightened volatility in the very short term, can cause all kinds of trading mistakes or as they say in tennis" unforced errors" Tomorrows job number, and next weeks CPI and PPI...
The KST Indicator on the S+P 500 that I display daily with my commentary has this week now broken it's Trend Line Support to the Downside (Shown in Indicator Box) and in doing so has issued a new Sell Signal on S+P 500. The KST Indicator Sell Signal is a more intermediate term signal, that carries with it "significant" additional risk to the stock market. I...
Once again,for the umpteenth time, and incredibly the stock market was "blindsided" this morning by the US Federal Reserve Bank's Chairman comments that interest rates may need to rise even further to combat the 40 year high rate of price inflation. That the market is selling off this morning, is not the surprise here. To me the surprise is that the market...
S+P 500 is up again this morning, Day 3 as traders jump on board the 'price breakout" on the chart Technical Non- Confirmation however seen in the KST Indicator (Shown) which has barely budged on this rally, SPX Daily RSI, which at 54.19 this morning is still well below it's Feb.3,2023 peak of 69.15 Price pattern in this rally looks to me like a potential ...
Bullish Reversal off the 200 Day Moving Average at 3940 "set the plate " for this mornings sharp upside advance back above 4000. Big money bought yesterday's opening break below the average, obviously "smart money in hindsight" and they have continued to buy stocks today, feeling confident that a short term market bottom is in at the March 2 Low of SPX...
The single most important trend following average is the S+P 500 "200 Day Moving Average" It is the benchmark Moving Average for TREND in the stock market in the United States Money managers across the world use it every day, to allocate money into the market if price is above it, and to sell or liquidate positions if the S+P falls below the average. It's...
The stock market is selling off again, this time down to the 200 Day Moving Average at 3940 this morning. With the 50 Day Average at 3980 Violated, the S+P 500 continues to fall off the table, as traders perhaps "unwillingly" are now being forced to sell on GTC STOP Orders ! S+P 500 KST Indicator (Shown Here) gave you a warning that this was potentially going...
S+P 500 this morning, like a magnet, is trading "Above and Below" it's 50 Day Moving Average ,currently at 3979 The VIX continues to hold the important 20 Level, churning and the KST Indicator (Shown Here) continues to be on a" bearish crossover sell signal " 200 Day Moving Average is at 3940 This is the last trading day of February. The stock market is...