Tag Archives: SP 500

SP 500 Cash Index Cycle Location 02142020

What Coronavirus that virtually has shut down the entire second largest economy in the world?  It didn’t matter, the market has gone off the rails.  It seems that there is nothing right now to stop the rally.  The rest of the world is on life support, the US mega cap tech growth companies offer rare opportunities that provide growth and stability.

Read more ...

Possible Double Top in Play

After the S&P 500 hit 50-day moving average support, it staged an impressive rally to wipe out the entire loss from the coronavirus selloff.  All three indices made new highs last week.  It appeared to be that the market is discounting the long lasting economic impact from the fast spreading virus. 

You need to login to view the rest of the content. Please . Not a Member? Join Us

Read more ...

NASDAQ Index Finally Caved In

The recent tech led rally has been nothing but impressive.  The DOW index topped on Jan 17th, 2020, finally the S&P 500 and Nasdaq topped a week later on Jan 22nd, 2020.  Over the weekend, the coronavirus deaths news has been hitting the wire hard.  As we are writing the blog on Sunday evening around

Read more ...

Approaching the Turning Point

Finally the market is showing signs of a little weakening.  Last Friday all three indices made a new high at open, then it just didn’t have the energy to keep pushing higher to pass the open high in the morning.  It broke down in the afternoon session and closed near the low of the day.  The S&P 500 and the DOW made an outside

Read more ...

Opportunity or Something Else?

Last Friday the entire world woke up to the news that the US killed a top Iranian military commander in airstrike in Iraq.  The futures fell hard initially overnight, but recovered half of the loss by the time the market opened on Friday morning.  The market chopped around on Friday without significant selling pressure. 

You need to login to view the rest of the content. Please . Not a Member? Join Us

Read more ...