The Best Of See It Market (April 2015): Stocks Hit Resistance Again

April started with a bang and ended with a bang for stock and major stock market indices. From the lows on April 1st to the highs on April 27th, the S&P 500 Index (SPX) rallied 3.8 percent. However, from the highs on April 27th to the lows on April 30th, the S&P 500 fell 2.3 percent.  All in all, the month netted a 0.85 percent gain.

Once again, resistance came into play, as the upper end of the range (2100-2125 on the S&P 500) beat back the bulls. The longer this area holds and the weaker internals get, the more likely that investors will see either an imminent pullback or another weak move higher followed by a deeper pullback into summer. Either way, the market hasn’t had much technical damage and still sits near all-time highs. There are several important support levels beneath current levels (many covered in our research on the site). Those levels (such as the March lows, followed by the December lows) will become important when/if we start to rollover.

Until then, the market continues to absorb distribution days in an attempt to consolidate. The currency markets have been volatile and bonds have sold off hard as interest rates have moved higher.

But those observations only scratch the surface. There was so much more going on in the markets – much of which was captured on See It Market, along with some great trading ideas and investing insights. I hope you will take some time to review our best research posts from the month of April in our latest installment of The Best of See It Market. This is your chance to check in on our work – please feel free to provide feedback/comments any time. We greatly appreciate your readership.

Stocks & Bonds:

• Is This Cycle Foreshadowing A Turning Point In The Market?  by ANDREW THRASHER

• The Current State Of The Global Credit Markets  by FIL ZUCCHI

• Is MercadoLibre Stock (MELI) Setting Up For A Run Higher?  by AARON JACKSON

• Is The S&P 500 Forming A Bearish Rising Wedge Pattern?  by DRASKO KOVRLIJA

• Small Caps vs Large Caps: May Seasonality Insights  by SAL CILELLA

• China ETF (FXI) Breaks Out To 7 Year Highs  by ANDREW NYQUIST

• Options Traders Bet On Bunge (BG) Ahead Of Q1 Earnings  by MITCHELL WARREN

• German DAX Chart Says Pullback Then Final Thrust Higher  by JAMES BARTELLONI

• Apple (AAPL) Earnings Analysis  by PABAN RAJ PANDEY

• Investors: Sometimes Doing Less Is More  by DAVID FABIAN

• Market Musings: The Old Man Edition  by DAVE BUDGE

• Slowing Global Growth A Headwind For US Economy  by JEFF VOUDRIE

• JetBlue (JBLU) Stock Chart: Riding The Trend Higher  by DAVID KATZ

• S&P 500 Support Levels: Why 2040 Is Important  by KARL SNYDER

• A Flickering Hope In The Energy Sector: A DeMark View  by FIL ZUCCHI

Commodities & Currencies:

• This Study Says A Crude Oil Rally May Be Nearing  by CHRIS KIMBLE

• Crude Oil Prices Move Higher, Break Out Above Resistance  by DAVID BUSICK

• Why Silver May Continue To Chop Higher  by TRADING ON THE MARK

• US Dollar Declines On Jobs Report: What To Watch Now  by ANDREW NYQUIST

• US Dollar: Is A Deeper Pullback Coming?  by CHRIS KIMBLE

• Why The Euro May Be Headed Higher In The Weeks Ahead  by TRADING ON THE MARK

Must-Read Education:

• Why Traders Should Consider The Other Side Of The Trade  by SAL CILELLA

• 4 Core Beliefs That Define My Trading Edge  by DAVID BLAIR

• Top Trading Links: Super-Sized Research For Active Investors  by AARON JACKSON

Look for another installment of “The Best of See It Market” next month. Thanks for reading.

Twitter:  @seeitmarket