U.S. Dollar Index (NYBOT:DX.Z18.E) Archives - Page 3 of 5

Stocks Waver Ahead Of Earnings

Posted on October 22, 2018 by The INO.com Team

Hello traders everywhere. The stock market opened in positive territory Monday morning riding the coattails of a rising Chinese market only to slip into negative territory shortly after the open once corporate earnings started rolling in.

The Shanghai Composite Index rose more than 4% to score its best day since March 2, 2016. The quick move higher comes after Chinese authorities pledged to support China's economy and offset the negative impact of U.S. tariffs. They made that pledge after reporting weaker-than-expected economic growth for the second quarter. Despite the big daily move, Chinese stocks are still down sharply for the year. The Shanghai Composite Index has fallen about 20% in 2018 and is down over 21.4% in the last twelve months.

Some disappointing earnings reports have not helped the market's mood ahead of what is expected to be the heaviest earnings week this season. Investors are nervous about the outlook for future growth due to concerns over trade and tariff's, rising costs and other factors. Continue reading "Stocks Waver Ahead Of Earnings" →

Indexes Fail To Break Away From 200-Day MA

Posted on October 19, 2018 by The INO.com Team

Hello traders everywhere. It's hard to believe but as I write two of the three indexes are in positive territory for the week. Mid-week it looked like the stock market may be in rebound mode, only to fall close to the levels that we saw last week at weeks end and ultimately unable to break away from the 200-day moving average. The indexes look to be set up to retest the low levels from last week, and that could form a double bottom, much like the one we saw in April of this year.

The 200-day MA has proven to be a strong level of support this year rejecting several attempts by the market to break it, only to see the market bounce higher after each attempt. Will that trend continue?

As crazy as it might seem even with this week's volatility both the S&P 500 and DOW are looking to post weekly gains of +.2% and +.4% respectively. However, the NASDAQ isn't playing along, and it is posting its third weekly loss in a row standing at -.4%. Continue reading "Indexes Fail To Break Away From 200-Day MA" →

Global Tensions Add Stress To Tense Stock Market

Posted on October 15, 2018 by The INO.com Team

Hello traders everywhere. After what felt like a small positive victory on Friday has quickly subsided after we woke up this morning to news of growing global tensions with Saudi Arabia and yet another sell-off in the tech sector, a falling dollar, and treasuries.

The dollar is trading near a two-week low against its peers after U.S. retail sales disappointed in September. West Texas crude oil traded around $71 a barrel, less than a dollar away from issuing a red weekly Trade Triangle, amid tensions between Saudi Arabia and the U.S. over the disappearance of a prominent journalist and gold is headed toward its fourth advance in five days.

The DOW was in positive territory for most of the morning trading above its 200-day moving average, the only index to do so, but has slipped into negative territory this afternoon. Both the S&P 500 and NASDAQ are both trading below their 200-day moving average after opening the week in negative territory. While the NASDAQ has already triggered a new red monthly Trade Triangle the S&P 500 is holding on at the moment, but that could change if it continues to trade below the 200-day Moving Average. Continue reading "Global Tensions Add Stress To Tense Stock Market" →

Stocks Fight Back After Two Day Slump

Posted on October 12, 2018 by The INO.com Team

Hello traders everywhere. We were due for a rebound off the lows this week, and that's just what we got on Friday at the open with the stock market posting gains over 1% at the highs across the board with technology and other high-growth stocks leading a fight back. While today's gains are an excellent way to end the week if they hold, we need to remember that overall all three indexes are still down over 4%, that marks the third biggest weekly loss this year.

The NASDAQ lost over 4.8% on the week and issuing a new red monthly Trade Triangle at 7,443.10 signaling a possible long-term short position, but surprisingly it hasn't lost the most this week. That honor belongs to the DOW which stands to lose over 5%, issuing a red weekly Trade Triangle signaling a move to the sidelines. There is still quite a bot of room to go before a red monthly Trade Triangle would appear. The S&P 500 is down 4.9%, and much like the DOW issued a new red weekly Trade Triangle signaling a move to the sidelines. Continue reading "Stocks Fight Back After Two Day Slump" →

Dow Jones Industrial Joins Sell-Off Party

Posted on October 10, 2018 by The INO.com Team

Hello traders everywhere. The Dow Jones Industrial finally succumbed to the pressure of the current market sell-off issuing a red weekly Trade Triangle at 26,303.35 after falling -431 points at it's lowest level in morning trading approaching the 50-day moving average which stands at 26,004.22. The move lower came after the DOW had been relatively unchanged the last couple of days as both the S&P and NASDAQ were under heavy selling pressure. All three indexes are currently trading down over -1.3% on the day.

The S&P 500 opened trading below its 50-day MA, that move lower came after the S&P briefly broke the 50-day MA yesterday. As it stands right now, the S&P is on track to post its worst weekly losing streak in a little over two years standing at three weeks. The next level of support to keep an one will be the 200-day MA standing at 2,765.77. A move below that level could signal a steeper sell-off.

Meanwhile, the NASDAQ continues to get pummeled as the tech sector is seeing the most significant losses. The NASDAQ is on pace to have it's the worst trading month since January of 2016. Key support lies at the 7,449.62 which is where the 200-day MA is. A move right below that level (7,443.10) will trigger a new red monthly Trade Triangle signaling a move lower is ahead.

Key Levels To Watch This Week:

Continue reading "Dow Jones Industrial Joins Sell-Off Party" →

Tag: U.S. Dollar Index (NYBOT:DX.Z18.E)