The expected Weekly false thrust down mentioned in the last review didn’t prove right, as the market declined much further, closing the Weekly bar below the short term sentiment 8 EMA line, bearish. However, the market still didn’t negate the current Weekly bullish setup to reach the 18800 level area. As long as the Monthly Read More
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Like the S&P Futures, the Dow futures are also in backwardation, and currently the contract for September is lower about 0.5% than the ending contract of June. Since the market is still in a backwardation, it is very hard to analyze and measure correctly the price action, as the June contract chart, the September contract Read More
U.S. market indexes were lower Friday as stocks in the U.S. continued to fall. For the day the Dow Jones Industrial Average closed at 17865.34 for a loss of -119.85 points or -0.67 percent. The S&P 500 was also down, closing at 2096.07 for a loss of -19.41 points or -0.92 percent. The Nasdaq Composite Read More
U.S. stock futures are lower in pre-market trading for Friday, June 2. The Dow Futures are down -85.00 points to 17797.0. The S&P 500 Futures are down -12.5 points to 2092.75. The Nasdaq Futures are lower at 4471.75 for a loss of -32.75. The Russell Futures are showing a loss of -7.40 points to 1167.1. Read More
U.S. market indexes were lower on Thursday as stocks resisted new highs. For the day the Dow Jones Industrial Average closed at 17985.19 for a loss of -19.86 points or -0.11 percent. The S&P 500 was also down, closing at 2115.48 for a loss of -3.64 points or -0.17 percent. The Nasdaq Composite closed lower Read More
U.S. stock futures are lower in pre-market trading for Thursday, June 9. The Dow Futures are down -42.00 points to 17953.0. The S&P 500 Futures are down -7.00 points to 2111.0. The Nasdaq Futures are lower at 4505.75 for a loss of -13.25. The Russell Futures are also lower at 1184.4 for a loss of Read More
U.S. market indexes were higher Wednesday as valuations continued to gain. For the day the Dow Jones Industrial Average closed at 18005.05 for a gain of 66.77 points or 0.37 percent. The S&P 500 was also higher, closing at 2119.12 for a gain of 6.99 points or 0.33 percent. The Nasdaq Composite also gained with Read More
U.S. stock futures are higher in pre-market trading for Wednesday, June 8. The Dow Futures are up 19.00 points at 17952.0. The S&P 500 Futures are higher at 2113.0 for a gain of 2.75 points. The Nasdaq Futures are higher at 4518.5 for a gain of 4.25. The Russell Futures are showing a gain of Read More
U.S. market indexes closed higher on Tuesday as stocks continued to gain with stable volatility. For the day the Dow Jones Industrial Average gained 17.95 points or 0.10 percent to 17938.28. The S&P 500 was also higher, closing at 2112.13 for a gain of 2.72 points or 0.13 percent. The Nasdaq Composite closed lower at Read More
U.S. stock futures are pointing higher in pre-market trading for Tuesday, June 7. The Dow Futures are up 57.00 points to 17972.0. The S&P 500 Futures are higher at 2114.25 for a gain of 6.00 points. The Nasdaq Futures are higher at 4543.25 for a gain of 17.75 points. The Russell Futures are showing a Read More