This IT Bellwether May Wake Up From A Slumber | Analyzing India
Over the past couple of weeks, the performance of the IT stocks has remained quite muted; the NIFTY IT Index has come off from its November highs and has consolidated over some time. This has led to relative underperformance of the IT group against the broader markets. However, a few signs have emerged on the […]
Week Ahead: Expect Markets To Trade With Positive Bias So Long As These Levels Are Defended; These Sectors To Do Well | Analyzing India
In the previous weekly technical note, it was mentioned that the markets may continue to stay in a trading range until they trade below the crucial 18300 level which is one of the major resistance points on the chart. Over the past five days, NIFTY not only remained below this point but tested crucial support […]
JPMorgan, Bank of America beat on top and bottom lines, Bank of New York Mellon misses on revenue
Banks started the earnings season off on solid footing. JPMorgan beat on top and bottom lines for Q4. Bank of America beat EPS consenus by about 10%. Bank of New York Mellon stock fell on a revenue miss. A flurry of banks fired the starter pistol of earnings season early on Friday. JPMorgan (JPM) and Bank […]
A test of 1.0900 remains well in place
EUR/USD sees its recent strong advance momentarily halted. The resumption of the bullish bias should target the 1.0900 level. EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday. Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further […]
XAU/USD could make a downward correction in the short term
Gold has climbed above $1,900 for the first time in seven months ahead of the weekend. But the technical outlook suggests XAU/USD eyes correction before extending rally, FXStreet’s Eren Sengezer reports. $1,880 aligns as initial support “XAU/USD’s near-term technical outlook points to overbought conditions with the pair trading slightly above the ascending regression channel coming […]
Going, Going, Gone: End of Week Themes with GoNoGo Charts | GoNoGo Charts
As the week ends, let’s use GoNoGo Charts to get a sense of market moves.The chart below shows the $SPY with daily prices and the full suite of single security GoNoGo Indicators applied. As we can see, price has rallied this week and caused GoNoGo Trend to paint a string of amber “Go Fish” bars. In […]
Stocks In This Area Are Running, And Many Are Poised To Go The Distance | The MEM Edge
It was a solid week for the markets with the S&P 500 advancing above its key 200-day moving average which was a major area of possible upside resistance. With a positive RSI and Stochastics, the markets are poised to advance further as we enter an earnings season that’s been marked by results being rewarded despite […]
The Four Scenarios for the S&P 500 | The Mindful Investor
Position for the most probable scenario, but plan for alternative scenarios.Why is this a sentence that should be printed out and taped to your monitor, now if not sooner? Because, as investors we often become very tied to a particular narrative. The Fed is wrapping up its tightening cycle and then it’s off to the races!This […]
GME backtracks after Thursday’s 8% gain
GameStop stock has shed value on Friday alonside broad market. Tesla cutting its prices in the United States has hurt its share price. Bed Bath & Beyond stock has lost more than 5%. Bank earnings results in the premarket were robust, but JPMorgan still expects a recession. GameStop (GME) stock has given back 0.6% on Friday […]
Weekend Daily: Stock Market Outlook: New Year, New Calendar Range | Mish’s Market Minute
Welcome to the new year and the new January reset!The January 6-month calendar range could be even more influential than usual. Let me explain before showing you the S&P 500 (SPY) price chart…After the first 10-trading days in January, a range is established. That range becomes a guideline for the next 6 months until it resets […]