Posts Tagged by where is the stock market going
Where is the Stock Market Going in 2012
| January 10, 2012 | Posted by admin under Stocks & Stock Market Analysis |
Where is the stock market going in 2012 A technical outlook By Cory Mitchell, CMT The S&P 500 is one of the most commonly followed market indices, representing 500 actively traded large-capitalization companies on the US exchanges. To judge and get perspective on the present state of the S&P 500 (and where it is going…
Markets are likely to blow past October lows
| November 27, 2011 | Posted by admin under Stocks & Stock Market Analysis |
By Cory Mitchell, CMT The markets are not in a good position. On November 17 I wrote an analysis entitled SPY breaks below key chart pattern support pointing out that the market had broken to the downside out of a significant chart pattern–indicating a further slide. This has so far been the case. On SPY, the S&P 500…
SPY breaks below key chart pattern support
| November 17, 2011 | Posted by admin under Stocks & Stock Market Analysis |
It could get ugly for the bulls as SPY, the S&P 500 ETF, has broken below key Pennant Chart Formation support. The break occured when SPY opened this morning below 123.90. SPY currently trades at 121.82, down 1.83% on the day heading into the last hour of trading. Pennant are usually considered continuation patterns, which…
Copper explodes higher, good for stocks
| October 24, 2011 | Posted by admin under Commodity Analysis, Stocks & Stock Market Analysis |
Copper is currently up about 7% today to 3.4510 on the December contract (HG). This is definatley good for stocks (currently up about 1%), yet copper will need to continue higher to keep the push going in stocks over the long-term. I highlighted copper in my post-market analysis on Friday. Copper remains depressed, well below…
Stocks finish higher and break out of former range – what’s next?
| October 21, 2011 | Posted by admin under Stocks & Stock Market Analysis |
Despite my afternoon skepticism as the market tested the open after initially moving higher, it was all bullishness in the afternoon. After the break below 122.90 on SPY (the price I was concerned about) the selling could not be sustained. Following an hour of lollygagging near day lows the market finished near the highs. SPY finished up 1.90% to…
Short-term picture in stocks could reveal the long-term picture
| October 20, 2011 | Posted by admin under Stocks & Stock Market Analysis |
I posted briefly about the larger picture for this market the other day. There is large volatile range which is jerking traders around – the market popped above a downward trend channel, but can’t break above the primary resistance of the larger range. Here is the overall messiness since August, including today’s first hour which…
SPY holds above former downward channel
| October 19, 2011 | Posted by admin under Stocks & Stock Market Analysis |
I have not updated my stock market analysis since Oct. 12 as really nothing has changed. In that time the market has retest the former downward trend channel (now support) and has moved higher off of it, indicating strength. 123.50, which is primary resistance, was tested intra-day Tuesday but quickly sold off. SPY finished up…
Market pops above short-term downtrend line
| October 12, 2011 | Posted by admin under Stocks & Stock Market Analysis |
SPY, the S&P 500 ETF, finished up 0.88% to 120.75 A few days ago in the article Does this Market Have Gust to the Upside? I indicated that there was a short-term downtrend line intersecting at 121, with a move above implying this market may in fact have some gust to the upside. Well, time has done its…
Does this Market Have Gust to the Upside?
| October 11, 2011 | Posted by admin under Stocks & Stock Market Analysis |
Nice move up today, SPY, the S&P 500 ETF, rallied 3.34% to close out the day at 119.58. It has been a nice run, in fact it is the biggest run up we have had since the decline started in July. After the false downside breakout we saw last Tuesday (where the market gapped below…
Now that I did not expect-late day 400 point rally
| October 5, 2011 | Posted by admin under Stocks & Stock Market Analysis |
Tuesday seemed pretty usual, to start. Good trading, good movement and then just as the market is about to make new lows toward the end of the day, BAM! In a little over half an hour the Dow rallied almost 400 points and the S&P 45. It was a spectacular vertical move, one which I…
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