As prices for the stock indices move to record levels, this is where investor / traders keen observation of the market takes place. With the #DJIA price trailing the #SP500 have signaled a level of price uncertainty among investors sidelined and hesitation of getting into the market due to high price. The scenario continues for early investors who plunged into the market at the end of the 2nd quarter are in a better position to protect their gains or simply cash in their profits.
Recent positive US data have provided the price resiliency, but others are 'patiently' weary that market complacency may soon prove to be taken for granted when a sudden & unexpected occurrence of a turn around may emerge. The question of when this could be expected; is a matter of perspective, yet normally comes after the fact.
As previously mentioned, the 'incremental' price change on the major indices particularly with the #DOW, #SP500 and #NASD at current levels have remained strong. The price corrections are considered to make room for lagging technical indicators to adjust as the directional trend continues to prevail. For now, there are no real serious threat for a follow through with a momentum driven decline for stocks would occur in the near term. Of course not unless proven to be wrong with an unknown market fundamental coming in from the newswire.
CHART Cloud Comparison 2
https://dwq4do82y8xi7.cloudfront.net/x/9FWnwOJH/
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
Showing posts with label Market Insight. Show all posts
Showing posts with label Market Insight. Show all posts
Tuesday, August 9, 2016
Tuesday, February 2, 2016
#DOW #SP500 #USD #JPN225 Resumes Declines
" Its been a quiet session for the start of the week as the figures last Friday would again be anticipated to be bearish for the USD in the near term contrary to the major uptrend that it is. And when fundamentals warrants a probable decline we would not be surprise to see a resumption of the decline. Overall market sentiments are still bearish for stocks and oil prices as reflected in today's price movements."
These levels on the DOW @16800 - 17000; S&P500 @1950 -2000 JPN225 @18080 - 18400 are the key prices that would make any difference in market outlook. The attempts were made from the upsurge but not as convincing as we have mentioned that the resumption we're seeing now is definitely not a surprise for the market to do. As USOIL have resumed its decline as indicated in the chart below.
These levels on the DOW @16800 - 17000; S&P500 @1950 -2000 JPN225 @18080 - 18400 are the key prices that would make any difference in market outlook. The attempts were made from the upsurge but not as convincing as we have mentioned that the resumption we're seeing now is definitely not a surprise for the market to do. As USOIL have resumed its decline as indicated in the chart below.
LINK USOIL
Subscribe to:
Posts (Atom)