the S&P 500 index had failed to take out the formidable point of resistance near 1065. That level is significant because it’s where the index gapped down last week. Staying below that level might herald more losses.
Articles tagged with: currency
Published on: June 21, 2010
No Comment
based upon recent trading actions, the S&P 500 index could be in transition from sideways to bullish trend. Traders however, should be mindful that the market is now overbought following recent advance so only buying on dips should be rewarding.
Published on: July 10, 2009
No Comment
despite the extreme oversold condition, investors showed no appetite for stocks. This is bearish and suggested that recent support, near the 870 level on the S&P 500 index might not hold for long. A sustain decline below that level could trigger a massive rally in the U.S. Dollar.
Published on: July 10, 2009
No Comment
儘管已經極端超賣，投資者對股票的興趣非常微弱。這是不利的，意味著標普500指數870點附近的近期支撐可能難以守住。持續跌破這意味著將觸發美元大幅上漲。
Published on: June 16, 2009
No Comment
Monday’s light volume selloff had helped remove the excessive optimism in the market and setting the stage for a recovery rally going into this Friday quadruple witching. So it seems to us that the bulls shouldn’t get into any serious troubles as long as we hold above the 920 level on the S&P 500 index. In a longer term however, the rally in the U.S. dollar could spell trouble for dollar-traded commodities, as well as the underlying commodity stocks. That, in turn, will cripple the quick economic recovery and thus drag down the entire stock market.
