All three indices jumped over 50-day moving average last Thursday. The 50-day moving average has been resistance since the selloff began in late July. Does this break out of the 50-day moving average mean that the market is out of woods? You need to login to view the rest of the content. Please Login. Not […]
The last trading week of August was equally painful for the bears and bulls. The market closed the volatile month of August in a neutral position, which means the immediate trend in motion may see follow-through into September. The pivot range (2985-3004) of the S&P 500 cash index for the second half of 2019 is […]
In the last two weeks we have warned that the market has topped in late July. We didn’t know what would be the exact fundamental reasons to cause the market move lower, but the price actions have shown plenty warnings in advance. The market has shown amazing cyclical behaviors in the face of uncertainty, which […]
Last week, the bears tried really hard to knock it down to pass the first initial S&P 500 selloff low @ 2822.12. S&P 500 and NASDAQ successfully defended the August 5th selloff low, but the DOW was not able to defend the first initial low and made a lower low on August 15th. All three […]
In our last blog, we thought the 50-day moving averages of the three indices may provide temporary support. But on Monday, August 5th, all three indices plunged to violate the 50-day moving averages with heavy volume. The heavy selloff has changed the characteristics of the bull market that started from the December 2018 low. The […]
On the last day of July the Fed announced an interest rate cut by 25 basis points citing the reasons of “implications of global developments for the economic outlook as well as muted inflation pressures”. Less than 24 hours later, President Trump announced 10% tariffs against Chinese imports of $300 billion.
