• 12 hours Putin Signs “Digital Iron Curtain” Into Law
  • 15 hours Russian Metals Magnate Sues U.S. Over Sanctions
  • 18 hours Tesla Looks To Jump Into Indian Market
  • 20 hours Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 2 days Homeowners Experiment With Risky New Investment Trend
  • 2 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 2 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 2 days Ford CEO Gets Raise After Massive Layoff Round
  • 3 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 3 days Where To Look As Gold Miners Inch Higher
  • 4 days Google Faces Billions In Fines From European Regulators
  • 4 days The Energy Industry Has A Millennial Problem
  • 5 days Russian Banks Scramble For Sanction Loopholes
  • 5 days Gold ETFs Take A Hit After Four-Month Run
  • 6 days European Union Takes Aim At Ten New Tax Havens
  • 6 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 6 days $600 Billion At Risk As Boeing Fallout Continues
  • 6 days Venezuela Has Yet Another Crisis Developing
  • 7 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 7 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Three Important Levels For Bulls And Bears

S&P 500: The Glass Half Empty

The S&P 500 has already violated the blue trendline below and retested the line below the orange arrow. If the bulls can mount a rally this week, 1925 can be used as a short-term guidepost.

S&P500 Daily Chart


CEOs: Becoming More Pessimistic

A survey of CEOs aligns with the stock market's recent weakness. From Bloomberg:

Chief executive officers have turned pessimistic on global economic growth, according to a new survey by PricewaterhouseCoopers LLC.

Released on the eve of the World Economic Forum's annual meeting in Davos, Switzerland, the poll of 1,409 CEOs from 83 nations found 27 percent expect the economic outlook to improve this year, a fall from 37 percent last year. Twenty-three percent said it will worsen, up from 17 percent in 2015.


NYSE: The Bigger Picture

From a risk-reward perspective, the present day weekly NYSE Composite Stock Index's chart has some of the same concerning elements found in September 2008. This week's stock market video compares the chart below to the 2016 version.

NYSE 2006-2009 Weekly Chart


S&P 500: The Glass Half Full

If we examine the 2016 S&P 500 daily chart using high, low, and closing prices, the bulls still have reason to hope. The lowest intraday low made in August 2015 was 1867. The S&P 500, thus far, has been able to remain above 1867 on a closing basis. Monday's close was 1881. The odds of bad things happening increase if 1867 is taken out on a closing basis.

S&P500 Daily Chart 2

 

Back to homepage

Leave a comment

Leave a comment