S&P 500 Upward Trend Still In Tact, but…. Standard And Poor’s technical analysis update for the SPY after the recent all-time high March 2013. The spider exchange traded fund, the SPY shows an upward trend but this could mean some traders may begin trying to fade the rally. Look for strong downside breaks and late…
S&P 500 Closes At 1,569: The moment traders were anxiously waiting for finally occurred on Thursday, the last trading day of the first quarter 2013. The S&P 500 hit 1,566 early in the day and soon the word spread that the stock market was making gains again although bonds didn’t take too much of a…
If the S&P 500 Hits All-Time Closing High, then what? The Dow Jones Industrial Average came back from a loss of over 120 points today after a gap down in the morning. Trading sentiment changed in the mid part of the session after hitting morning lows. If the S&P 500 does hit a new high,…
Dow Climbs Higher With Lower Conviction, Is It Time To Fade The 2013 Rally? Stocks rose again with little follow through after posting the seventh consecutive day of gains. Many market gurus are expecting a pullback of some sort after the beginnings of a correction occurred a couple of weeks ago, but equities are still…
Dow Follow Through Is Light After Historic All-Time High March 2013: Volatility creeps up. The Dow Jones Industrial Average rose marginally today as traders built on yesterday’s all-time high. The Dow hit 14,296.24 up 42.47 or 0.30% with slightly rising volatility. Traders were encouraged by news from ADP showing private sector jobs growth of 198,000…
