After a volatile but stagnant final two months of the year, in which the market straddled the moving averages with no clear direction, the S&P 500 Index (IVV) broke down in early January, before stabilizing at the 1800 level. After testing and holding support in mid-February, the index rebounded to the 2100 level, breaking through both moving averages and coming to within [...]
After a volatile but stagnant final two months of the year, in which the market straddled the moving averages with no clear direction, the S&P 500 Index (IVV) once again broke down in early January, before stabilizing at the 1867 low set in August 2015. It has rebounded since, breaking through both moving averages and coming to within a couple percentage [...]
The S&P 500 Index ((IVV)) has had a rough first part of the year. Having failed at strong resistance at both moving averages, the index was essentially in a freefall on its way down to the 1800 level. After a drop of over 250 points, it managed to hold that level and bounced back up to the 1950 level. It once again [...]
This past week, the S&P 500 Cap-Weighted Index ((IVV)) tested and then broke strong support at the 50 and 200-day moving averages after a remarkable rebound from its crushing meltdown in August of last year. Look for a possible bounce here, so long as it can get above resistance at the 1950 level, as the market is slightly oversold. The S&P 500 [...]
Oil is at the lowest level relative to gold of the last 30 years, when the Fed data series begin. Deutsche Bank has calculated the series back to the Civil War. Based on their work, an ounce of gold buys you more barrels of oil than anytime since 1892. An ounce of gold currently buys you just over 42 barrels [...]
Throughout October, the S&P 500 Index (IVV) rebounded remarkably from the lows made in late August, breaking above both moving averages and getting close to new all-time highs. After a volatile but stagnant final two months of the year, in which the market straddled the moving averages with no clear direction, the index once again broke down in early January, before stabilizing [...]
The Bank of Japan shouted down the debt laden economy on Thursday evening in the US. Following Europe’s precedent, they took interest rates on a certain segment of bank assets negative. News flash: Asset prices rise from a small change in investor asset preference, nothing else is expected to change. Where’s this all heading? When doing scenario analysis, I think [...]
The S&P 500 Index ((IVV)) has had a rough first part of the year. Having failed at strong resistance at both moving averages, the index was essentially in a freefall on its way down to the 1800 level. After a drop of over 250 points, it managed to hold that level and now looks likely to bounce back up to at least [...]
This past week, the S&P 500 Cap-Weighted Index ((IVV)) tested and then broke strong support at the 50 and 200-day moving averages after a remarkable rebound from its crushing meltdown earlier this year. Look for a possible bounce here, as we tested resistance from the previous low set in August and the market is slightly oversold. The S&P 500 is down 7.87% [...]
Throughout October, the S&P 500 Index (IVV) rebounded remarkably from the lows made in late August, breaking above both moving averages and getting close to new all-time highs. After a volatile but stagnant final two months of the year, in which the market straddled the moving averages with no clear direction, the index once again broke down in the last week, and [...]
Stay In Touch