Category Archives: Stock Indices

S&P 500 Cash Index Cycle Location 01042019

The S&P 500 violated the February 2018 intradeday low on Friday 01/04/2019.  It has the entered the resistance zone at 2532-2600.  From the way how it bounced from the Christmas Eve low we believe it has potential to go a slightly higher than the lower end of the resistance zone of 2532.

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2019 Outlook and Strategies

All three indices closed at year end below the yearly pivot range, indicating a weak position entering 2019.  Pivot range is calculated based on the high, low and close of a trading period.  The pivot range identifies an area that is called the meat of the market where the market is likely to find support,

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We Are Closer to a Short Term Bottom

The recent selloff has been absolutely brutal.  The market has gone into a sharp selloff that is very similar to the previous selloff in velocity and magnitude in October 2007.  From 10/12/2007 to 1/25/2008 during a 15-week period, the S&P 500 declined from 1576 to 1270, a 19.41% decline.

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Bear Market Creates Opportunities Around the Corner

The sentiment is relentlessly bearish, the negative news and bearish forecasts are overflowing everywhere.  It feels no end is in sight.  Yes, the end is not near yet, but please keep it in perspective.  When this is all done and over with, you will be presented excellent opportunities that you wish you had in the last cycle.

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The Bear Market is Here

Last week we questioned the validity of the rally that was induced by the trade war truce.  It turned that the rally was used as a selling opportunity.  It didn’t even have the strength to reach a symmetry swing at 2845 to create an appearance of a bullishness.  It promptly failed at 78.6% of the ab swing at 2800. 

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