S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index have rebounded from key support. Oversold conditions, light positioning, and positive seasonality raise the bar for a material downside from here ahead of the upcoming earnings season. What are the outlook and the key levels to watch in
more to come S&P500 futures are down around 0.6%, Nasdaq down are half a percent. UST futures and oil are higher. We already know US dollars are higher: Indicative oil chart: If you don’t have a feed for an instrument you want to track use our app. This chart is from our charting app, which
Despite the strength in the US data this week and another beat in Jobless Claims yesterday, the Nasdaq Composite didn’t sell off like we saw in the past week. The index is hovering around a key support level and it looks like the soft landing vibes might be returning now that the hangover from the
US NFP REPORT KEY POINTS: The U.S. economy is forecast to have created 170,000 jobs in September. The unemployment rate is seen ticking down to 3.7% from 3.8% previously, signaling persistent labor market tightness. A strong NFP report will be positive for U.S. yields and the U.S. dollar, and bearish for gold and stocks. Most
S&P 500 OUTLOOK FROM A HISTORICL AND SEASONALITY PERSPECTIVE: Historical Performance Hints at a Positive Quarter for the S&P 500. Seasonality is Not a Standalone Indicator but Can Provide Valuable Insights When Used in Conjunction with Other Market Indicators. IGCS Shows Retail Traders are Currently Net-Long on the S&P 500 with 58% of Traders Holding
The miss in the ADP report yesterday gave the market a bit of relief after a series of strong economic data like Jobless Claims, ISM Manufacturing PMI and Job Openings. The ISM services PMI has also printed bang on expectations, and coupled with the other reports, supports the soft-landing narrative. Moreover, the market was also
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones 30, DAX 40, Nasdaq 100 Analysis and Charts Dow fails to build on Wednesday’s recovery The index rallied off its lows yesterday, after heavy losses on Tuesday and Wednesday.Bulls now need to push the price back on above 33,230 to indicate that a low might
The Nasdaq is higher today, and trading near new highs. In the process, the index is extending above a cluster of resistance. The price is back above the 38.2% of the move up from the March 13 low at 13123 The price is back above the 50 hour MA at 13166 The price is back
Nasdaq Comp We’ve seen this script before. Treasury yields came off the lows and slowly the gains in equities faded. The FX market might have been the tell earlier as money started to move into US dollars, something I alluded to. I just don’t know how you could have a lot of confidence in that
The major indices are closing mixed today with the Dow Industrial Average average fearing the worst. The NASDAQ index eked out a small gain for the day. The S&P was lower. A snapshot of the closing levels shows: Dow industrial average fell -157.50 points or -0.47% at 33508.86 S&P index -11.46 points or -0.27% at
