Share: The combination of supports and a candlestick formation encouraged the bulls to fight. How high could stock go? Last week turned out to be a...
Share: Trading position (short-term, my opinion; S&P 500 futures contract): In my opinion, the short-term outlook is neutral, and no positions are currently justified from the...
Share: Trading position (short-term, my opinion; S&P 500 futures contract): In my opinion, the short-term outlook is neutral, and no positions are currently justified from the...
Share: The stock market began the year on a very weak note, but currently, it appears to be just a correction of December’s advances. The S&P...
Share: On Friday, the S&P 500 index retreated from its Thursday’s local high of 4,793.30. However, by the end of the day, it rebounded from the...
Share: The S&P 500 index remained above 4,700 level yesterday and retraced a large part of its Wednesday intraday sell-off. Maintaining a bullish bias is still...
Share: Stocks sold off yesterday, but maintaining a bullish bias is still justified, and the market may have another opportunity to reach new highs. However, it’s...
Share: The S&P 500 index gained 0.59% on Tuesday, further extending the uptrend following last week’s release of the FOMC Statement release on Wednesday, which marked...
Share: BABA stock loses 8%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for...
Share: The S&P 500 index lost 0.81% on Thursday as it bounced from 4,400 level. Stocks retraced some of their recent advances following 30y bond auction...
Share: Mullen Automotive stock trades 9% lower on Tuesday. On Monday, Mullen announced the start of production for its Class 1 EV van. Effective November 2, the...
Share: The S&P 500 index gained 0.84% on Thursday as it broke above the recent local high. The market was advancing after the important Wednesday’s CPI...
Share: USD/CAD stays pressured while justifying Monday’s bearish Doji, reversal from key resistance line. Looming bear cross on MACD, overbought RSI also suggest Loonie pair’s pullback....
Share: USD/MXN remains sidelined after reversing from weekly top. Doji candlestick below the key DMA confluence lures Mexican Peso buyers. Downbeat oscillators, four-month-old bearish channel keeps...
Share: The S&P 500 index gained 0.38% yesterday as it extended its Tuesday’s advance of 1.5%. The market is gaining following worse than economic data amidst...
Share: GBP/USD reverses from one-week low, snaps four-day losing streak. Bullish candlestick, U-turn from key support confluence and RSI’s rebound from oversold territory favor Cable bulls....
Share: Stocks retraced their recent rally yesterday – is this a new downtrend, or just quick correction? The S&P 500 index lost 0.79% on Thursday as...
NZD/USD prints mild losses around a two-week high, justifying the previous day’s bearish candlestick formation. Previous support line from October, bearish MACD signals also keeps sellers...
WTI remains mildly bid after three consecutive days of downbeat performance. Bullish candlestick formation, sustained bounce off 21-DMA favors buyers. Previous support line, 50-DMA challenges immediate...
BOE’S dovish guidance has snapped a four-day rally in the Cable. A Bearish Kicker candlestick pattern that indicates a reversal after an upside trend. The RSI...