Posts Tagged by stock market breakout

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…

Markets Around the World Sell Off

Markets around the world in all different asset classes fell through the floor today. On the weekend I posted that key support had broken in the US equities markets and that moves up to resistance were selling opportunities.  That is still the case.  The market did pull back on Tuesday almost exactly to 1104, which…

Stock Market Outlook – Key Support Broken

The stock market was pushed lower Friday once again, finishing on it’s lows for the day, week and last 2 & 1/2 months.  We will look at the S&P and and what can be expected going into next week, Feb 1-5. As we entered the new year the stock market was taken higher on a…

Stock Martket (S&P 500) Outlook…What Happened?

Tough week for the equities markets with the S&P 500 index losing about 4%.  Between Wednesday and Thursday we had an interesting dynamic play out which tied in with the break below 1130 – which I mentioned last week needed to be watched because a break below that would target 1110.  The market surpassed the…