ChartWatchers July 30, 2024 at 06:18 PM
Last week, there was a noticeable change in investor sentiment. We have so much data coming out this week, and much will rest on how the trading week ends. The S&P 500 index ($SPX) broke the uptrend, and on Tuesday, it closed at the 50-day simple moving average (SMA)... Read More
ChartWatchers July 26, 2024 at 05:40 PM
Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn't necessarily mean that everything is OK going into next week. Wall Street seems to be in whiplash land, veering from one market area to another... Read More
ChartWatchers July 25, 2024 at 12:31 PM
Wednesday's price action in the stock market indicated that fear is back. The Cboe Volatility Index ($VIX) closed up by over 22%, the biggest percentage move for the year... Read More
ChartWatchers July 19, 2024 at 07:47 PM
Seasonally, the first two weeks of July have been great for the stock market. Now that the first two weeks of July are behind us, will the stock market take a breather until September? After how the market acted this week, it certainly feels that way... Read More
ChartWatchers July 16, 2024 at 06:41 PM
Seasonality is like a second opinion from a wise friend who knows something about the market's historical tendencies... Read More
ChartWatchers July 12, 2024 at 04:53 PM
What a strange trip it's been! After breaking out of its June 20 to July 3 sideways movement, the S&P 500 ($SPX) index finally broke out to the upside--until it didn't. That was on Thursday. Friday was a different story... Read More
ChartWatchers July 12, 2024 at 03:05 PM
Will Fed Chief Jay Powell rouse King Midas from his summer slumber? Gold investors are eager to have that question answered. The Fed's response will determine whether investors press pause or pull the trigger. Thursday's CPI data seemed favorable enough... Read More
ChartWatchers July 10, 2024 at 06:05 PM
With the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) hitting all-time highs and the Dow Jones Industrial Average ($INDU) trying hard to get there, are the broader indexes overstretched and ready to snap? At the moment, all indications point to a bullish move... Read More
ChartWatchers July 05, 2024 at 05:30 PM
If you were taking time off from the stock market, since it wasn't doing much in the last week or so, you're in for a nice surprise. July is considered a good month for stocks, and the first trading week of the month, albeit short, didn't indicate otherwise... Read More
