Tag: S&P 500 (CME:SP500)

As we head into Friday afternoon trading and the last trading day of October, the stock market is headed for its worst week since March of this year. Why? There are a few reasons, it's been a difficult week in which coronavirus cases are on the rise both here in the U.S. and Europe. U.S. fiscal stimulus talks broke down in Washington D.C. and traders are bracing for volatile swings during next week's election. How long do you think this volatility will last?

On a weekly level, all three indexes are having their worst week in 7 months. The S&P 500 will post a weekly loss of -6%, the DOW's loss stands around -7%, and the NASDAQ will post a loss of around -5%. Continue reading "Stocks Have Worst Week Since March" →

We are exactly one week away from the 2020 Election, and we have seen a serious spike in COVID-19 infections not only in the U.S. but around the world, which has led to a spike in market volatility.

If you have your Trade Triangle alerts set for the major indexes that we track, you were alerted on Monday that the DOW issued a new red weekly Trade Triangle when it fell -2% on the day, signaling that it was time to head for the sidelines. The S&P 500 and NASDAQ joined the party today, with both indices issuing new red weekly Trade Triangles and falling over -2% on the day. Continue reading "Trade Triangles Signal Volatility Ahead" →

The stock market ended Friday trading relatively unchanged, with the DOW closing -28 pts lower or -.10%. The S&P 500 and NASDAQ both finished higher on the day with +.34% and +.37% gains, respectively. The weakness towards the end of the week was tied to stimulus plan news after Treasury Secretary Steven Mnuchin said that "We've offered compromises, the speaker on a number of issues is still dug in, if 'she wants to compromise, there will be a deal. But we’ve made lots of progress in lots of areas, but there's still some significant areas that we're working through."

On a weekly level, The DOW and S&P 500 snapped a three-week winning streak with weekly losses of -.95% for the DOW and -.5% for the S&P 500. The NASDAQ had its first weekly loss in five weeks losing just -1%. Rounding out the weekly losses are the US Dollar which lost -1% and crude oil lost over -3%. Continue reading "Stimulus Concerns Stall Market" →

With the positive week, both the DOW and S&P 500 joined the NASDAQ with new green weekly Trade Triangles indicating that a long position is in order for the market. With the new green weekly Trade Triangles, all three indexes now have Chart Analysis Scores of +100, with green Trade Triangles across the board.

The DOW jumped +3.2% for the week and posted its biggest one-week gain since August erasing the steep September losses that the market endured. The S&P 500 and NASDAQ were up +3.8% and +4.5%, respectively. Both indexes had their biggest one-week gain since early July of this year. Continue reading "New Green Weekly Trade Triangles" →

Earlier in the month, I mentioned that September is a historically weak month for the stock market. This September was no different with the stock market having it's worst September since 2011. Just how bad was it? The S&P 500 lost -3.9%, the DOW shed -2.2%, and the strongest index of the year, the NASDAQ, fell -5.1%. Gold, crude oil, and Bitcoin didn't want to be left out of the party and posted dismal numbers as well. Losing -4.8%, -7.1% and -7% respectfully.

The only bright spot on a monthly level was the U.S. Dollar Index, which posted a gain of +1.7%, it's first monthly gain since March of this year, where it posted a weekly increase of +.93%.

On a weekly level, all three indexes will begin October with weekly gains despite the overnight news that President Trump has fallen ill with Coronavirus. Continue reading "September Was A Month To Forget" →