Introduction The Nasdaq rally continues along with all other US equity markets. Since April, there have been only 8 red days, which are quickly bought back in the next session. What stands out most now is the pace of the move. The Nasdaq has added thousands of points in a relatively short period of time, Read More…
Introduction The S&P 500 continues to push higher after reclaiming the previous all-time high near 7,100, and the strength of this rally is becoming difficult to ignore. The narrative of being careful because of the developments in the Middle East is starting to fade because the market is just moving up relentlessly. What started as Read More…
US equities hit fresh record highs on Monday amid optimism over a solid earnings season. The new high came despite ongoing tensions in the Middle East and stalled negotiations. Meanwhile, traders are cautiously awaiting the US consumer inflation report and the vote on the Fed Chair nomination later on Tuesday. The S&P 500 soared to Read More…
Introduction A few days ago, we looked at ES and whether the price would be able to stay above the all-time high. Yesterday’s candle has given the bulls a very strong case with a rally of 1.6% on the day. Lets take a closer look at the technicals and what they are telling us. The Read More…
Introduction In the previous analysis, ES had broken above the prior all-time high, and we were questioning whether it could hold that level moving forward. So far, that has been the case as more and more buying interest enters the market. Price pushed above the 7,100 level, which was its previous all-time high. As mentioned Read More…
Equities hit record highs on Monday amid optimism ahead of earnings reports from the Magnificent Seven US companies. However, uncertainty about US-Iran talks and the war kept a lid on gains. Meanwhile, market participants are looking forward to the FOMC policy meeting later this week. S&P 500 Weekly performance (Source: Seeking Alpha) Positive stocks recorded Read More…
