In the passing week, the Market has changed the picture by 180 degrees, and eventually the break down turned out to be a false break. What usually comes with it, is a major change of behavior. Instead of a sideways action, slowly crawling down trend, the reversal was fast and instantaneous (what makes it very hard Read More
May 2016
After the shakeout in the first bearish setup (mentioned 2 weeks ago), that followed by signs of weakness, the most important Low before the high (at 2026) – throughout the whole up move since February this year, had been taken out. Unless we see this week contradicting signs of a false break down, and signs Read More
U.S Stocks opened higher Friday as investors remained confident of a possible interest rates hike next month. This comes a day after the S&P 500 plunged to its lowest in two months. The Dow Jones industrial average .DJI climbed 30.75 points, or 0.18%, to 17,466.15, while the S&P 500 .SPX rose 5.09 points, or 0.25%, to 2,045.13. The Nasdaq Read More
Markets were set to open slightly lower Thursday morning following the possibility of a hike in interest Rates by the Fed early June; however much of the losses were cut by better than expected quarterly results from Cisco & Wal-Mart. Wal-Mart shares (WMT.N) rose 8.3% to $68.40 in premarket trading after the reporting 1Q earnings Read More
In pre-market trading, futures are mixed after stocks in Asia traded moderately higher on Monday. The Dow Futures are down -3.00 points to 17,492.0. The S&P 500 Futures are unchanged at 2,043.5. The Nasdaq Futures are lower at 4,321.5, down -2.50 points. The Russell Futures are showing a gain of 1.10 points to 1,101.1. In Read More
The market has lots of patience these days, and part of this kind of behavior is usually expanding the range it is currently in, which also means shaking out existing short term positions. The short position mentioned last week hit the stop level at 2077.75 only to see the prices turning to be weaker again. Read More
U.S. stock futures are lower in pre-market trading for Friday, May 13. The Dow Futures are down -78.00 points to 17,590.0. The S&P 500 Futures are down -8.75 points to 2,050.0. The Nasdaq Futures are lower at 4,316.75 for a loss of -18.00 points. The Russell Futures are showing a loss of -5.54 points at Read More
U.S. stock futures are mixed in pre-market trading for Thursday, May 12. The Dow Futures are up 70.00 points to 17,729.0. The S&P 500 Futures are up 10.75 points to 2,068.75. The Nasdaq Futures are up 23.50 points to 4,375.0. The Russell Futures are showing a gain of 5.90 points at 1,116.2. In overnight trading in the Eastern Hemisphere, Read More
U.S. stock futures are lower in pre-market trading for Wednesday, May 11. The Dow Futures are down -56.00 points to 17,797.0. The S&P 500 Futures are down -5.00 points to 2,072.5. The Nasdaq Futures are lower at 4,381.75 for a loss of -10.25 points. The Russell Futures are showing a loss of -3.20 points at Read More
U.S. stock futures are pointing higher in pre-market trading for Tuesday, May 10. The Dow Futures are up 102.00 points to 17,748.0. The S&P 500 Futures are up 12.25 points to 2,066.5. The Nasdaq Futures are up 23.75 points to 4,359.5. The Russell Futures are also up 8.40 points to 1,123.6. The positive direction follows Read More