Nasdaq 100 Capsizes After Finally Overcoming 200-Day SMA, Beware More Volatility
Nasdaq 100, Liquidity, Volatility and FOMC Rate Decision Talking Points: The Market Perspective: Nasdaq 100 Bullish Above 12,300 and Bearish Below 11,500 The Nasdaq 100 closed above the 200-day SMA for the first time in 203 trading days just this past week – ending the longest bear stretch in two decades With Monday trade, the […]
Dollar Breaks But S&P 500 Can’t Overcome 200-Day Average After CPI, Bank Earnings Ahead
S&P 500, Dollar, CPI, Yields and Earnings Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDCNH Bearish Below 7.0000 US inflation contracted slightly in December which pulled the year-over-year CPI down to 6.5 percent; but that wasn’t enough to drive the S&P 500 through its 200-day SMA With US bank earnings on […]