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
S&P 500, SPX, NASDAQ 100, NDX, DJIA – OUTLOOK: The S&P 500 and DJIA have fallen below key support. The Nasdaq 100 index risks a bearish head & shoulders pattern. What are the outlook and the key levels to watch in the three US indices? Recommended by Manish Jaradi Improve your trading with IG Client
Earlier, I wrote about positive seasonal factors in Q4 helping US equities. Here’s the other argument, which I think is more compelling. 1) Put yourself in the shoes of a fund manager The Nasdaq Composite is up 24.7% year-to-date and the S&P 500 is up 11%. If you’re matched or even come near that performance
Written by Chris Beauchamp, Chief Market Analyst at IG Dow still fighting to hold 200-day moving average Recommended by IG Get Your Free Equities Forecast The buyers came riding to the rescue on Monday, causing a bounce from the 200-day simple moving average (SMA). This saw the price rally off its lows and finish the
S&P 500 Index, SPX, Nasdaq Composite Index – Price Outlook: Only 18% of the members in the S&P 500 index are above their respective 20-day moving average. 17% of the members in the Nasdaq Composite Index are trading with 14-day RSI below 30. What does it mean for the trend going forward? Recommended by Manish
