s&p 500 forecast

Summary:

  • Is positive investor sentiment returning to the markets?
  • GBP bullish against USD

Read next: (TWTR) Twitter Shares Tumble On Monday 

S&P 500 sees gains and losses as the index tries to recover

U.S stocks rose in early Monday trading but have since dropped again amidst the current uncertain economic outlook and the prospect of tighter monetary conditions. The S&P 500 closed low on Friday in a general market sell-off. The decline last week came in the wake of a stronger-than-expected job report for May that showed that job hiring slowed but still kept a strong tempo. The showing of labor market strength aligned with expectations for policy makers on track with monetary policy tightening.

Monday's drop in equities comes as the U.S treasury yields benchmark topped 3% during Monday's session.

S&P 500 Rose And Then Pulled Back, Despite Boris Johnson's Vote Of No-Confidence, GBP Remained Strong - 1 GSPC Price Chart

Pound Sterling remains strong

On Monday the pound sterling traded strong despite that Monday evening bringing with it a vote of no-confidence for Prime Minister

New Year Resolutions: what to watch in 2022? | MarketTalk: What’s up today? | Swissquote

Fireworks to Go On?

Monica Kingsley Monica Kingsley 08.12.2021 16:01
S&P 500 sharply extended gains, and credit markets indicate some continuation even if by pure inertia. A trend in place, stays in place until reversed – and yesterday‘s upswing was sufficiently supported by the credit markets. The late day retreat in HYG is an obvious warning of a pause possibly coming next, but not of a reversal – the improvements in market breadth speak for themselves. So, I‘m looking for a lean day today, and I‘m keenly watching bonds and cyclicals such as financials for further short-term direction clues. While yesterday‘s upswing was driven by tech, the daily rise in yields and inflation expectations (however modest) was balanced out by still more yield curve compression. The risk-on turn in credit markets isn‘t over, and the key question is whether HYG can extend gains or at least go only sideways for a while. Today‘s key premarket news propelling risk assets up, was about Pfizer extolling its three-dose alleged efficiency against Omicron – even though the news was sold into shortly thereafter, it has the power to buy more time and provide fuel for stocks and commodities. The copper weakness remains the only watchout in the short term, and silver sluggishness reflects lack of imminent inflation fears. As if the current prices accurately reflected above ground stockpiles and yearly mining output minus consumption. It‘s the same story in the red metal, by the way. Patience in the precious metals – it‘s about Fed either relenting, or placing inordinate amount of stress on the real economy, which would take time. Spring 2022 most probably would bring greater PMs gains than 2021 with its fits and starts – aka when inflation starts to bite the mainstream narratives and stocks, some more. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 gapped higher, and is once again approaching ATHs. Hold your horses though for it would take some time to get there. I would prefer to see broader participation within value, which isn‘t totally there at the moment. It‘s improving, but still. Credit Markets HYG upswing was considerably sold into, and that spells some consolidation ahead. The degree to which it spills over into stocks, remains to be seen. Gold, Silver and Miners Precious metals are still looking stable, and ever so slowly improving after the Fed hawkish turn hit. The central bank and real yields projections hold the key, but the countdown to higher prices is firmly on. Crude Oil Crude oil upswing indeed continued, and black gold looks set to consolidate gains unless value stocks spring some more to life later today. Anyway, the medium-term chart remains bullish. Copper Copper is another reason why I‘m not overly bullish for today – the red metal‘s base building looks to need a bit more time to play out. Bitcoin and Ethereum Bitcoin and Ethereum are still base building, and looking vulnerable. While a downswing isn‘t guaranteed, it can come and turn out to be sharp. Summary S&P 500 is likely to consolidate recent strong gain, not accelerating the surge today. The bulls within risk-on assets look to be slowly gaining the upper hand, and the opening part of today‘s analysis describes it‘s not a one-way street to fresh highs as the Fed has turned from a tailwind to a headwind. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Stocks Fell Ahead of Today’s Fed – a New Downtrend?

Stocks Fell Ahead of Today’s Fed – a New Downtrend?

Paul Rejczak Paul Rejczak 15.12.2021 15:48
  Stocks went lower yesterday, as investors took profits off the table ahead of today’s FOMC release. Was it a reversal or just correction? For in-depth technical analysis of various stocks and a recap of today's Stock Trading Alert we encourage you to watch   The S&P 500 index lost 0.75% on Tuesday, as it broke below its recent trading range. The broad stock market’s gauge retraced some of its rally and it got back below the 4,650 level. On the previous Friday the index fell to the local low of 4,495.12 and it was 5.24% below the Nov. 22 record high of 4,743.83. Then we saw another attempt at getting back to the all-time high and on Friday the index closed the highest in history. So was yesterday’s decline only a correction? For now, it looks like a downward correction, but we may see some more volatility following today’s FOMC release and tomorrow’s ECB and the BOE release. Today the index is expected to open virtually flat and it will likely trade within a consolidation before the Fed release at 2:00 p.m. The nearest important resistance level is now at 4,665-4,670, marked by the recent local lows and the next resistance level is at 4,700. On the other hand, the support level is at 4,610-4,630, marked by the previous Tuesday’s daily gap up of 4,612.60-4,631.97. The support level is also at 4,600. The S&P 500 is close to the early November local low, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Tech Stocks Are Relatively Weaker Let’s take a look at the Nasdaq 100 chart. The technology index bounced to the resistance level of 16,400. Tech stocks remain relatively weaker, as the Nasdaq 100 is closer to the early December local lows. Conclusion The S&P 500 index will likely trade within an intraday consolidation before the Fed release today. Then we may see an increased volatility in stocks, currencies and commodities. The S&P 500 index trades within a downward correction and we may see more profit-taking action in the near term. Here’s the breakdown: The S&P 500 is expected to open virtually flat ahead of today’s FOMC release. We are maintaining our short position from the 4,678 level. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
The Interest Rate Cut Will Not Affect The Ruble (RUB)

(GSPC) SNAP Drags Tech Peers Down With It, The Russian Ruble Outperforms Emerging Currencies

Rebecca Duthie Rebecca Duthie 24.05.2022 23:54
Summary: S&P 500 suffers in the wake of market sell-off for tech shares Update on the Russian Ruble Read next: Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!  S&P 500 price drops The price of the S&P 500 fell more than 0.8% on Tuesday in the wake of Snap Inc. (SNAP) saw its biggest recorded one day drop in price and dragged some of its tech peers along with it. On Monday Wall Street closed in the green for only the 13th time out of 98 trading days this year, Tuesday's price drop builds on the broader negative market sentiment towards equities. S&P 500 Price Chart Russian Ruble The Russian Ruble has been the best performing emerging currency, it has gained around 33% against the US Dollar over the past year. Russia maintains strong trade relationships with India and China, which keeps the Ruble flowing. In addition, Russia continues to supply the European Union with Natural Gas despite the EU’s alliance with the United States against the Russian invasion of Ukraine. Russia managed to find a loophole to get out of servicing its debt, however the loophole ends on May 25th and the Ruble may be in trouble, and Russia may face default. Read next: Snapchat (SNAP) Earnings Forecast Sends Causes Social Media Stocks To Fall  Sources: finance.yahoo.com, dailyfx.com

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