Is the Nasdaq 100 Reversing From Price Target Resistance?
This is an updated chart of the Nasdaq 100 Index (NDX), which continues to struggle beneath the MOB price target band. I have been highlighting...
Transportation Stock Indices Send Bullish Message About Global Economy
Transportation-related stocks tend to be economically sensitive. So it was no surprise to see them fall sharply last March as the COVID-19 coronavirus gripped...
Retail and Transportation Stocks Attempt To Lead Market Higher
The stock market was buoyed on Monday by strong days from the Transportation Sector ETF (IYT) which closed higher by +1.4% and the Retail...
S&P 500 Index: Elliott Wave May Point Higher Into Next Week
The S&P 500 looks to be making an Elliott-wave 5th wave from the low in March.
Note, this isn't a "final" wave to the entire...
Key Stock Market ETFs Price Support and Resistance Analysis into May 3
Last Thursday the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday showing that the market...
US Oil Fund ETF (USO) Eyeing New Highs
Crude oil prices raced higher from late October to early March this year.
After a multi-week move lower, traders wondered if the crude oil rally...
The Chart To Watch For Stock Market Tops
The S&P 500 Index has been making higher highs through the first four months of 2021, along with infrequent pullbacks which have been mild...
Commodity Bulls Riding High On US Dollar Weakness
A weaker US Dollar is a good thing for assets like commodities. So it shouldn't be any surprise that commodities have been very strong...
What Happened To Stock Market Volatility During Corporate Earnings?
The first half of Wednesday saw minimal movement in the major indices, due in large part to the anticipation for the FOMC (Federal Reserve)...
Perhaps Inflationistas Should Be Watching Crude Oil?
Commodities prices have risen rather sharply over the past 12-18 months, adding to worries of pricing pressure and inflation.
As you can see in the...
