News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We may see a small correction caused by the coming FED's rate increase, however many investors will consider it as an opportunity to buy at low. Why?
Below you may see the S&P 500 index and historical rates. Current rates are still lower than they were at the bottom of 2000-2003 stock market recession. They have to go up to 3% at least. Only when when we see that FED stops rising rates - only then we may consider the end of the Bull market.
One of an condition for the market dive into a recession is to have high rates when wen investors and corporations run into difficulties with borrowing.
Chart source: https://www.marketvolume.com/quotes/economic_report.asp?release=fomc_rate
Current Breadth Sentiment
When we compare to the previous week the Breadth sentiment improved on the S&P 500, DJI and NYSE Composite indexes, and it remained unchanged on the Nasdaq 100 and Russell 2000 indexes:
78% of the S&P 500 listed stocks are bullish (moved up over the past week),
93% of the DJI listed stocks are also bullish (moved up over the past week),
75% of the Nasdaq 100 stocks are bullish (stayed unchanged),
65% of the Russell 2000 stocks are bullish (moved up slightly over the past week),
76% of the NYSE Composite index stocks are also bullish (moved up over the past week).
Source: http://www.marketvolume.com/quotes/highlowrangechart.asp
based on the Breadth Data the market sentiment remains strongly bullish. On the chart #1 below you may see the S&P 500 Breadth chart. The other indexes (DJI, Russell 2000, NYSE composite and Nasdaq 100) Breadth charts looks similar
Chart #1: S&P 500 index High-low Breadth chart - green line represents bullish stocks and red line represents bearish stocks
charts courtesy of http://www.marketvolume.com/charts/
SPX in the resistance topping zone...
For several days now....floating up and floating up...and creeping along,but this is a Resistance Danger zone.
This chart is just a raw construction site,I dont expect others to see thru all this mess, except the finished picture shown by the fibonacci arc cuts right into this topping zone here.
It is slowing down
Source http://www.marketvolume.com/quotes/marketperformance.asp
SPX daily chart
chart courtesy of marketvolume.com
Classic deflation: Market topped around September 5, 2014.
Current flight is to cash (UUP chart):
And away from gold:
Got to flat and pulled back? No. Not today. Yet, anyway.
Heavy duty resistance here
Up there again at recent highs. Puttin' heads keep layering up.
|
Followers
|
4
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
31
|
|
Created
|
04/10/12
|
Type
|
Free
|
| Moderators | |||
