Posts Tagged by S&P support levels

Stock Market, headed for test of trend line. Will it hold?

Back on May 9 I posted an stock outlook for May: http://vantagepointtrading.com/archives/4251 where I stated that things were looking optimistic for bulls, but “ A drop below 1329, the recent low, indicates weakness and a test of the wedge bottom at 1323.  Support beyond does not exist until the primary support line at 1300-1290.  A…

EUR/USD and Stock Market Weekend Briefing

Here is an uber quick look at what developed in the markets this week and what to look for next week, namely the EUR/USD and S&P 500. The EUR/USD suffered a major setback Wednesday, Thursday and Friday.  It just could not stay above the 1.3800 level and fell off aggressively back into the former range.  This makes…

Stock Market (S&P 500) On the Verge of Breakout

The S&P closed out a strong week, closing just below 1150.  Highs (January) are just above 1150 so the stock market sits on the verge of a breakout to the upside.  In late February and early march we got confirmation that the sell off down to 1045 was a “bear trap” and the daily uptrend…

Stock Market-S&P Poised to Test 52 Week Highs

The following is your weekly stock market outlook for March 8-12.  We will look at the S&P 500. In last weeks analysis 1104 was the pivot point.  Holding above that was important in painting a picture in which the market could go higher.  At no point this past week was that point tested, and the…

S&P 500 – Outlook for Stock Market, Week of March 1 – 5

The following is the outlook for the S&P 500 heading into next week, March 1-5. The way the market is right now is what I talk about in this weeks newsletter (sign up along the right hand side…it’s free).  Movements have been somewhat erratic, unless a trader is very skilled they can easily get whipsawed…

Stock Market (S&P 500) Outlook – Feb 22-26

Strong shortened trading week we saw, as the S&P 500 managed to break above the 1104 level and closed out the week above it at  about 1109.   1104 was the price point I mentioned in previous posts as being a pivotal point for the market.  Exceeding that point puts the market in a “no man’s…

Stock Market (S&P) Outlook – Feb 16-19

Holiday on Monday, so we are looking at a shortened trading week coming up. Let’s get right into the levels to watch…after all I am writing this on Valentine’s day.  We are looking at the S&P 500. Near resistance  is at 1080.  Beyond this there are intersecting lines at 1100 (trend and speed), with recent…

The Stock Market – What I am doing…

Friday’s late day, almost unbelievable rally, has set up sort of an if then, but if not, then this type of scenario.  So instead of just posting levels I am watching I will post what I am doing and what I am watching in the stock market.  Keep in mind this is not advice, nor…