Month: December 2019

Happy Holiday

All of us here, with deep gratitude, thank you for your continued partnership and wish you and yours a Happy New Year. This is our last post/update for 2019. The regular updates will resume on January 3, 2020. And last but not least, thank you for your readership and continue support.   Capital Essence Corp.

S&P To Take A Breather As Overbought Conditions Absorbed

while the market could continue to drift higher as trading sentiment remains strong, our near-term work on momentum tells us to expect a pause in the next few days as overbought conditions are absorbed. As for strategy, traders should consider taking partial profits or at least buying downside protections on winning positions

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 30, 2019. SPDRs Report is the daily, weekly and monthly technical overviews and analysis for major indices, key sectors, commodities ETFs. This information is a comprehensive summary derived from our proprietary trading system.

S&P Broke Out From Short-term Sideway Trend

Thursday’s rally pushed the S&P above the short-term sideways trend, signify a bullish breakout. While there seems to be room to go higher, traders must be mindful that the return of overbought conditions on the daily chart. While overbought condition is normal during a pro-long uptrend, it’s suggested that upside momentum might not sustain without at least a short-term breather. Therefore, it’d be important to monitor the breakout and retreat behaviors over the next few days to determine whether breakouts are decisive

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