When the S&P 500 is struggling to break through to all-time highs, it is often a good time to buy straddles on the broad ...
The excerpt above gives you a glimpse into the technical and sentiment backdrop going into last week’s trading. Price action had not been exactly inspiring in prior weeks – a volatile churn - but the ...
A record 33% of S&P 500 market cap trades above 10x price-to-sales, far surpassing dot-com bubble levels and signaling extreme overvaluation. Sales growth is slowing sharply, with leading indicators ...
A rare bullish outside day just formed on the SPX chart A positive signal emerged last week on the candlestick chart of the S&P 500 Index (SPX). On Wednesday, the chart formed a bullish outside day — ...
The S&P 500 index SPX gapped higher two days in a row this week - a show of strength. (Those gaps are marked with circles on the upper right of the SPX chart below.) There's support now for SPX at the ...
“Friday was an ugly candle if you are a bull, but the good news is that buyers came in around the mid-November and early January highs. It never tested other potential levels of support, such as the ...
The S&P 500 has broken all of its uptrend lines as shown on the chart below, so it is important to consider downside levels in the absence of any immediate reversal. The SPX dropped immediately to the ...
Momentum is about the only way to describe the S&P 500 Index’s (SPX--6,090.27) price action, whether you are looking back to the September low or the time frame since the election. Pullbacks of any ...
The S&P 500 index SPX has continued to rise, registering new all-time highs repeatedly. It appears that the current breakout to all-time highs is stronger than the failed one of last February. There ...