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The back and forth continues in the S&P 500 as Tuesday’s big gains turn into Wednesday’s big losses. But this doesn’t surprise readers of this blog. As I wrote Tuesday evening: [T]he most important...
The December rally, which was looking vulnerable as of Monday, managed to resume its trend before giving back some of those gains today. I'm still looking for a larger move back to retest breakout...
Markets reacted positively to Jerome Powell's comments Soft-landing scenario appears possible now Hedge funds will be forced to close shorts and go long if the markets don't start dropping soon Fed...
Tuesday was a whipsaw session for the S&P 500, but by the time dust settled, the index powered 1.3% higher, ending a two-day losing streak. The day’s big headline was public comments from Jerome...
Last week, FOMO (Fear Of Missing Out) became the prevailing market narrative. As data seemed to further validate the soft landing narrative and central bankers became ‘’data...
It could have been worse, the potential for losses was quite high, but markets were reluctant to give in to sellers, and many markets finished where they started. The Nasdaq was a case in point....
When the market was bottoming on Oct. 13 of 2022 at 3500 SPX, the members of ElliottWaveTrader knew to begin looking up to the 4100 SPX region for an initial rally off those lows. The day before the...
The S&P 500 finished Monday down 0.6%, extending Friday’s employment-fueled swoon. But this continued cooling isn’t a surprise, as I wrote Friday evening: While I don’t fear “too good”, I am aware...
It is said that those who ignore history are condemned to repeat it. As such, analysts on Wall Street spend an inordinate amount of time on what are called historical analogs and seasonal patterns in...
Movements of the S&P 500 since the Fed’s interest rate hike on Feb. 1 indicate that despite the late weekly selling, the index still managed to close last week with a 1.6% gain.Thursday’s bumpy...
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