standard and poor 500

Stocks fluctuated following their recent decline on Tuesday and the S&P 500 index closed slightly below the 4,400 level. Is this still just a downward correction?

The S&P 500 index lost 0.34% on Tuesday following its Monday’s decline of 1.7%. There is still a lot of uncertainty concerning the Ukraine conflict and Fed’s monetary policy tightening plans. On Monday it led to a more pronounced profit-taking action. However, the coming quarterly earnings releases season may be a positive factor in the near term. This morning the broad stock market is expected virtually flat following the Producer Price Index release.

The nearest important resistance level is now at around 4,475-4,500, marked by the recent support level and Monday’s daily gap down. On the other hand, the support level is at 4,350-4,400. The S&P 500 index retraced more of its March rally, as we can see on the daily chart (chart by courtesy of http://stockcharts.com):

Stocks – Uncertainty Ahead of Quarterly Earnings Season - 1

Futures Contract – Short-Term Consolidation

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NASDAQ 100 (QQQ) Stock News and Forecast: Worries over Ukraine-Russia war dim index prospects

NASDAQ 100 (QQQ) Stock News and Forecast: Worries over Ukraine-Russia war dim index prospects

FXStreet News FXStreet News 28.02.2022 16:02
NASDAQ 100 is set to open sharply lower on Monday. Russia placing nuclear forces on high alert spooked markets. European gas prices continue to surge as stagflation beckons. Global financial markets remain on edge this morning as the Russia-Ukraine conflict looks to be in danger of spilling into a global threat. Over the weekend Russia placed its nuclear deterrent forces on high alert, while Germany pledged increased defense spending. Now further developments include Russia talking of placing nuclear missiles in Belarus and an apparent escalation of the rhetoric between global superpowers. Western governments have gone for tougher sanctions than many observers anticipated with the Russian Central Bank reserves being targetted as well as the global banking payment system SWIFT being closed to Russian banks. Russian ally Belarus held a referendum this morning that ditched its non-nuclear stance, paving the way for Russian nuclear missiles to be deployed there. NASDAQ 100 (QQQ) Stock News All this has naturally seen risk assets collapse. European equity markets fell sharply this morning. At one stage the German Dax was down nearly 3% but has staged a slight recovery to lose 2.4% currently. However the European benchmark, the Eurostoxx 50, is down over 3.5% at the time of writing. Yields continue to fall as money flows into safe-haven assets. Gold and the dollar have naturally profited. The odds on rate hikes from the European Central Bank and the Federal Reserve have diminished as the threat of recession grows. Europe has the most to lose due to its dependence on Russian gas supplies. European natural gas futures (TTF) rose over 50% on Friday and have followed that up with a 12% gain on Monday. There is likely more to come here. NASDAQ 100 (QQQ) Stock Forecast We do have a bearish divergence on the Relative Strength Index (RSI). The RSI has not made matching new lows despite the NASDAQ 100 doing so. Usually, this is significant, but the RSI does remain in a strong downtrend in line with the NASDAQ. Thursday and Friday's rally was impressive, but even that failed to break the 9 and 21-day moving averages. Demonstrating this downtrend is powerful. The obvious target is a break of 4,300 and a test of the significant lows from March 2021 at $299.51. Nasdaq (QQQ) chart, daily For short-term traders, opening below $348 indicates we are on a bearish track and preparing for further declines. Last support at $338 could see a sharp decline to $328 based on the volume gap. Nasdaq (QQQ) chart, 15-minute
S&P 500 Is Likely Recovering, Gold (XAUUSD), Copper And Crude Oil (WTI) Close To Out Of The Park Play

S&P 500 Is Likely Recovering, Gold (XAUUSD), Copper And Crude Oil (WTI) Close To Out Of The Park Play

Monica Kingsley Monica Kingsley 07.03.2022 15:47
S&P 500 recovered most of the intraday downside, and in spite of value driving the upswing, there is something odd about it. Tech barely moved higher during the day, and the heavyweights continue being beaten similarly to biotech compared to the rest of healthcare. The key oddity though was in the risk-off posture in bonds, and the Treasuries upswing that Nasdaq failed to get inspired with. If TLT has a message to drive home after the latest Powell pronouncements, it‘s that the odds of a 50bp rate hike in Mar (virtual certainty less than two weeks ago, went down considerably) – it‘s almost a coin toss now, and as the FOMC time approaches, the Fed would probably grow more cautious (read dovish and not hawkish) in its assessments, no matter the commodities appreciation or supply chains status. Yes, neither of these, nor inflation is going away before the year‘s end – they are here to stay for a long time to come. Looking at the events of late, I have to dial back the stock market outlook when it comes to the degree of appreciation till 2022 is over – I wouldn‘t be surprised to see the S&P 500 to retreat slightly vs. the Jan 2022 open. Yes, not even the better 2H 2022 prospects would erase the preceding setback. Which stocks would do best then? Here are my key 4 tips – energy, materials, in general value, and smallcaps. But the true winners of the stagflationary period is of course going to be commodities and precious metals. And that‘s where the bulk of recent gains that I brought you, were concentrated in. More is to come, and it‘s gold and silver that are catching real fire here. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 setback was repelled on Friday, but I‘m looking for the subsequent upswing to fizzle out – we still have to go down in Mar, and that would be the low. Credit Markets HYG is clearly on the defensive, and TLT reassessing rate hike prospects. This doesn‘t bode well for the S&P 500 bulls. Gold, Silver and Miners Precious metals are doing great, and will likely continue rising no matter what the dollar does – my Friday‘s sentence is still fitting today. I‘m looking for further price gains – the upleg has been measured and orderly so far. Crude Oil Crude oil upswing still hasn‘t lost steam, and still can surprise on the upside. Slowdown in the pace of gains, or a sideways consolidation, would be the healthy move next. Jittery nerves can calm down a little today. Copper Copper isn‘t rising as fast as other base metals, which are one of the key engines of commodities appreciation. The run is respectable, and happening on quite healthy volume – if we don‘t see its meaningful consolidation soon, the red metal would be finally breaking out of its long range here. Bitcoin and Ethereum While I wasn‘t expecting miracles Friday or through the weekend, cryptos are stabilizing, and can extend very modest gains today and tomorrow. Summary S&P 500 is likely to rise next, only to crater lower still this month. It may even undershoot prior Thursday‘s lows, but I‘m not looking for that to happen. The sentiment is very negative already, the yield curve keeps compressing, commodities are rising relentlessly, and all we got is a great inflation excuse / smoke screen. Inflation is always a monetary phenomenon, and supply chain disruptions and other geopolitical events can and do exacerbate that. Just having a look at the rising dollar when rate hike prospects are getting dialed back, tells the full risk-off story of the moment, further highlighted by the powder keg that precious metals are. And silver isn‘t yet outperforming copper, which is something I am looking for to change as we go by. 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.
At The Close On The New York Stock Exchange Indices Closed Mixed

Popular Stocks Like MSFT, APPL And MSFT Will Publish Their Earnings Shortly. How Will Indices (e.g. SPX) React?

Paul Rejczak Paul Rejczak 13.04.2022 15:41
Stocks fluctuated following their recent decline on Tuesday and the S&P 500 index closed slightly below the 4,400 level. Is this still just a downward correction? The S&P 500 index lost 0.34% on Tuesday following its Monday’s decline of 1.7%. There is still a lot of uncertainty concerning the Ukraine conflict and Fed’s monetary policy tightening plans. On Monday it led to a more pronounced profit-taking action. However, the coming quarterly earnings releases season may be a positive factor in the near term. This morning the broad stock market is expected virtually flat following the Producer Price Index release. The nearest important resistance level is now at around 4,475-4,500, marked by the recent support level and Monday’s daily gap down. On the other hand, the support level is at 4,350-4,400. The S&P 500 index retraced more of its March rally, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Futures Contract – Short-Term Consolidation Let’s take a look at the hourly chart of the S&P 500 futures contract. Recently it broke below the 4,400 level and our profitable long position was closed at the stop-loss (take-profit) level of 4,440. Overall, we gained 100 points on that trade in a little less than two months’ time (it was opened on Feb. 22 at 4,340 level). So now we will wait for another profit opportunity. (chart by courtesy of http://tradingview.com): Conclusion The S&P 500 index is expected to open 0.1% lower following the producer inflation number release. Stocks will likely extend their consolidation. For now it looks like a relatively flat correction within a short-term downtrend. Here’s the breakdown: The S&P 500 index trades within a short-term consolidation following the recent declines. Our profitable long position was closed at the 4,440 level (a gain of 100 points from the Feb. 22 opening). 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.

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