October 27, 2010 – 8:16 am
Once again a day that seemed to start out with a clear direction ended close to completely flat. As a result, levels for all of the indexes hardly moved. Other than an update for support in the S&P 500, there are no changes for today. Nasdaq 100 (NDX) First support is at 2097.73. First resistance [...]
October 19, 2010 – 8:51 am
The Nasdaq 100 was once again the only index to break resistance, by just a handful of points, but the move may well prove short-lived. Apple and IBM declined significantly in after-hours trading on earnings reports that fell short of expectations. If those stocks drag down the rest of the Nasdaq 100 with them today, [...]
October 6, 2010 – 8:40 am
Of the three indexes we follow on a regular basis, the S&P 500 was the only one that broke out of its range of the last couple of weeks yesterday. This means that the S&P 500 gets fresh levels and takes the lead position on a technical basis, reversing the rather moribund underperformance that bulls [...]
September 27, 2010 – 8:31 am
The indexes broke free of resistance on Friday right out of the gate. It looked like a classic short-squeeze that saw prices shoot straight up at the start and then move sideways at the highs all day. Resistance levels in the Nasdaq 100 and S&P 500 both breached to new recent highs, while the Russell [...]
September 21, 2010 – 9:52 am
We’re Trading the Fed Today We will be keeping a close eye on what the Fed announces following their meeting today. The announcement is scheduled for 2:15pm EST. While we don’t expect any major announcements to come from today’s meeting, we will be looking for any hints of future quantitative easing or stimulus actions. Any [...]
September 15, 2010 – 11:48 am
If you trade binary options on commodities, this free information can help you tremendously! Elliott Wave International has just announced the beginning of their popular commodity FreeWeek event, where non-subscribers can test-drive some of their most popular premium services — they’re so excited, they’ve even turned it on a day early! Now through noon Thursday, [...]
August 23, 2010 – 9:28 am
Let’s see how the US markets react to continued uncertainty and last week’s bearish sentiment. U.S. stocks declined Friday on light summer trading volumes, sending the Dow Jones Industrial Average to its second consecutive week of losses as concerns about economic growth weighed on investor sentiment. Offsetting concerns about the sagging recovery in the job [...]
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