Tag Archives: S&P500

Price Action In The S&P & Its 200-day MA

That was easy. Only second close below the 200-day (2765ish) for the S&P since January 2016.   The 200-day has been steel support for the S&P500, and a trampoline for reversal rallies over the past few years.   Not today. Is this … Continue reading

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S&P500 Flirting With Key Support

The S&P500 moved through its 200-day moving average this morning and has bounced almost 20 points back above the low for a day back through the 200-day .   Since early 2016, the 200-day has acted as steel support for stocks, … Continue reading

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The Streak

In case you missed Charlie B.’s excellent table from yesterday, which illustrates the S&P500 has not closed below its 200-day moving average in 526 days, here you go. Stunning, especially given Joltin’ Joe’s hitting streak lasted 526 consecutive games.  Coincidence?   You … Continue reading

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S&P500 Breaks Support To Close Below Key Level

Big reversal in U.S. stocks today. The S&P broke key support trading through the 50 and 100-day moving average and the .50 Fibonacci retracement level to close slightly below 2700.  Next stop is the 200-day moving average at 2689.19 and … Continue reading

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S&P500 Camped Out In Doji City

The S&P500 has generated a Doji candlestick in three out of the last four trading days. Also of interest is the rejection at 2792,  an important Fibonacci retracement in the current correction, which we flagged a few days ago.  

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S&P Hesitates At Key Level

The S&P500 looks hesitant to take out the key  .764 Fibonacci retracement level at 2792.59 before the Fed and ECB announcements.  Note the back-to-back Doji candlesticks. When and if the swing high of the correction at 2801.90 clears, the technical … Continue reading

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Stock Bull & Bear Traps Galore

The S&P500 could not hold the 50-day moving average today, setting, yet again, a nice bull trap to hang out the MoMo crowd.  Seeing a lot more traps, both bull and bear,  these days.  It is the result of the … Continue reading

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JFK-Trump S&P Analog – Trading Day 356

 

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Key Levels You Need To Know

The S&P500 sliced through its 200-day moving average like a “hot knife through budda’” today.  It’s the first close below the 200-day in almost two years.  Significant. The next stop is the February 9th intraday low at 2532.69, the Maginot … Continue reading

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Another S&P500 Streak Snapped

The first quarter ends with another snapped streak for the S&P500. Going into Q1, the S&P500 had delivered positive returns for 16 consecutive quarters or four straight years. The chart illustrates how rare the streak has been over the past half … Continue reading

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