Spx500long
SPX500 could MOVE UP again!Hey tradomanics,
after Yellens statement about potential higher interest-rates we`ve seen slightly a sell-off in equities.
Read more 👉 uk.investing.com
In this newsfeed you can clearly see how sensitive the market reacts to any kind of hints of a tighter monetary policy, which is why the market has been so chaotic yesterday.
The market is currently torn between a positive progress in termns of corona, partially decent earnings and potential higher interest-rates in the future.
This is also indicated by mixed equities as DOW&JONES has been way stronger than SPX500. Nasda100 suffered the most from that statement, but we can clearly see that there is no cashflow out of stocks, its more like a cashflow from value into growth and vice versa depending on fundamental circumstances.
I personally took a long-.trade a little bit earlier as I´ve seen strong bullish orderflows in market-depth.
Risky trade, but overall likely with potential high volatility! Wait for more confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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#S&P500 CAUTIOUS !#S&P500 cautious!
- Now it has gone too far.
- In order for the SPX uptrend to be sustainable, 2 correction cases should occur.
+ Case 1. Back to the MA50 green line, the yellow support line confluence.
+ Case 2. Back to the MA200 red line, the yellow support line confluence.
#S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much.
#S&P500: time frame daily, a sign of a bearish divergence?
SPX500 (Long)We've reached our target support area on SPX500 and w/ sell pressures shortening we can see a great reversal pattern developing here to continue to the upside. A very technical week expected on indexes this week unless surprise fundamental news develops. We will be keeping our students aware as markets develop throughout the week.
US Market Technicals Ahead (19 Apr – 23 Apr 2021)Investors will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace, with dozens of companies from a wide range of industries will report quarterly results this week. So far with one week in, companies are beating earnings estimates by a wide margin of more than 84%, according to Refinitiv.
Meanwhile, U.S. economic data will remain in focus as investors watch for further signals on the strength of the economy, with the latest reports on home sales and manufacturing activity topping the agenda.
Elsewhere, in Europe, markets are keeping an eye on the European Central Bank’s monetary policy meeting for further guidance on interest rates and stimulus.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) increased 1.41% (+58.3 points) to another record close, extending its weekly rally into its 4th consecutive session. The newly established all time high is now at 4,191 level for $SPX. US 10-year rates extended 5-week lows of 1.566%, despite strong inflation and employment data last week. In addition, housing starts rose to the highest level since 2006 last week, pointing to a strong rebound in both consumer spending and the jobs market.
The previously highlighted Bearish Divergence of $SPX remains valid, as sessional volume remains below its 50 days average range for the past week without any committed buying pressure reflected in this rally. A price retracement upon a eutrophic rally beyond the structure of a technical trend channel is always imminent on such scenario. However, the hypothesis of a short term correction for $SPX would remain healthy and strong for the bullish sentiment of the index.
The immediate support to watch for $SPX is now at 4,060 level, a break of the two weeks low.
Earnings Step Up into High Gear
There are about 80 S&P 500 companies reporting earnings in the week ahead, including 10 Dow stocks, in what will be the first big week of the first quarter earnings season.
In addition, this week’s earnings calendar also includes high-profile names like Coca-Cola ($KO), Johnson & Johnson) ($NJ), Procter & Gamble ($PG), Intel ($INTC), and IBM ($IBM), Snap ($SNAP), AT&T ($T), Verizon ($VZ), Lockheed Martin ($LMT), Halliburton ($HAL), Honeywell ($HON), and American Express ($AXP)
Most of the focus will be on Netflix ($NFLX), which is due to report its latest financial results after the closing bell on Tuesday. The streaming giant is forecast to report adjusted earnings per share (EPS) of $2.97 on revenue of $7.14 billion, according to estimates. NFLX shares hit a record high on Jan. 20, right after Q4 results, but has since slipped back. Options markets are pricing in a post-earnings move of 7% in the stock.
Earnings from battered airlines American Airlines ($AAL), United Airlines ($UAL), and Southwest Airlines ($:LUV) are also on the docket.
Flash U.S. PMIs
IHS Markit’s composite flash U.S. Purchasing Managers’ Index (PMI) for April is due on Friday, amid expectations for an increase to 59.9 from a reading of 59.7 in March The index, which measures the combined output of both the manufacturing and service sectors, is seen as a good guide to overall economic health.
In addition, this week’s rather light economic calendar also features the latest data on initial jobless claims, which fell to a new pre-pandemic low last week.
European Central Bank Policy Meeting
The European Central Bank is all but certain to keep interest rates at their current record low levels at the conclusion of its monetary policy meeting on Thursday. President Christine Lagarde will hold a closely watched press conference 45 minutes after the rate announcement as investors seek further clues on central bank’s future pace of bond purchases.
The ECB has boosted its bond buying program to prevent a rise in borrowing costs from derailing the region’s economy, however recent signs of a swift recovery could raise questions over when it will start to withdraw support.
SP500: Free Climbing 🧗♀️🧗♀️🧗♀️The S&P500 has gone totally crazy and is pushing for new all-time highs over, and over again. In an attempt to climb on new tops, the index leaves us all gazing at its performance in awe. For us, the recent increase does not come by surprise and we are expecting the index to increase up to an area of around 4147 points. There, a correction should pull us down a bit. After that, we expect further all-time highs.
Happy trading!
$SPX - Toss Up - Tight S/L (Multiple Options Laid Out)There's a lot of liquidity resting above the high 3934. I feel siunce that high there has been a pull back. I want to see how the bell opens and if it reaches lower into the range of 3921 - 3912 I would expect a bullish move to try and get above that liquidity and more liquidity above. This is also the bias since yesterday after the day ended. This is what I want to happen
Longshot but possibitlity it could just free fall and reach the breaker around 3890 in which I would wait to see if it gets to the low point of that breaker 3883 to see if it would turn bullish at that point.
4 hr has a gap opening at 3913 I feel it could also pullback to before moving bullish. A lot of moving parts, but I'll try to let you know the decision I make as soon as I do. SPX Moves Slow so we have time.
Will Let You All Know what I do ASAO
SPX500 could MOVE UP!Hey tradomaniacs,
SPX500 could move up 👉
If thats the case we might see some US-DOLLAR-WEAKNESS today and more risk-on.
Good for our positions.🙏
Volatility is likely to continue in the market until the end of the quarter as we see a lot of re-balancing by institutions.
For example: Pension funds have an overweight in equities but are forced to have a certain ratio of different assets. (E.G. Bonds to Stocks).
Here some figures to show you how much capital different institutions have to distribute as announced:
1️⃣ Mutal -$107BN
2️⃣ Defined Pension -$110BN
3️⃣ Norges Bank -$65BN
4️⃣ GPIF -$34BN
At the same time market makers who are forced to Hedge their positions (volume about $31 BN).
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
US Market Technicals Ahead (15 Mar – 19 Mar 2021)We have officially mark the start of daylight saving time (DST), as North America have moved ahead an hour on Sunday 14th March. US and Canadian markets will trade one hour earlier than usual in Asia time.
The Federal Reserve’s highly anticipated monetary policy meeting will be the big deal for global financial markets in the week ahead. Last week, Fed Chairman Jerome Powell said that the economic reopening could boost inflation temporarily and that the US economy was going to start to see stronger employment in the next few months. Still, the Fed chief also said that the central bank was still a long way from its inflation and employment targets. Investors would be eager to hear if the central bank will take any measures to bring bond yields down, which saw the 10-year yield surge above 1.60% to the highest in a year on Friday.
Besides the Fed meeting, U.S. retail sales data will be in focus for further indications on the strength of the reopening rebound.
Meanwhile, in earnings, there are just a few big names set to report their latest financial results, with global economic bellwether FedEx ($FDX) and athletic apparel giant Nike ($NKE) likely to draw the most attention.
Here’s what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) continued its recovery to end up +2.63% (+100.8 points) for the week, gaining traction to recapture its all time high at 3,965 points, a mere 20 points (0.5%) away.
At the current junction, $SPX have managed to trade back above its 20DMA & 50DDMA, along with a negation of its short term trendline resistance highlighted last week. Immediate resistance for $SPX is currently at 3,965, a continuation to break its all time high level.
Federal Reserve Policy Meeting
The Federal Reserve is expected to leave its benchmark interest rate unchanged at the conclusion of its two-day policy meeting at 2:00PM ET (18:00 GMT) on Wednesday, keeping it in a range between 0.0%-0.25%.
Perhaps of greater importance, Fed Chair Jerome Powell will hold what will be a closely watched press conference 30 minutes after the release of the Fed’s statement.
Investors will be looking for clear signs that Powell and fellow policymakers are concerned about the current spike in yields amid mounting inflation expectations.
U.S. Retail Sales
The Commerce Department will release data on retail sales for February on Tuesday at 8:30AM ET (12:30 GMT).
The consensus forecast is that the report will show retail sales fell 0.6% last month, following January’s surge of 5.3%.
Excluding the automobile sector, core retail sales are expected to drop 0.1%, after climbing 5.9% in the preceding month.
Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy.
Consumer spending accounts for as much as 70% of U.S. economic growth.
FedEx, Nike Earnings
The fourth-quarter earnings season has all but wound down, however results are expected from a number of big names in the week ahead, with most of the focus falling on FedEx, and Nike, which both report Thursday after the close.
Other notable companies reporting this week include Dollar General ($DG), Crowdstrike ($CRWD), Coupa Software ($COUP), PagerDuty ($PD), and Sundial Growers ($SNDL).