BY opening the 4H candle above 3975 will move more upward till our yellow zone at about 4050 so depend on that all indices will try to stay in the bullish zone today after closing the market
Stocks in the United States have fallen sharply in recent days, despite the fact that the S&P 500 reached a new all-time closing high only last week. As a result of the prospect of accelerated tapering, investors' appetite for assets that do not generate significant revenue or return capital to shareholders has been dampened. Disruptive, growth stocks in the...
AS the ES continues to increase its overbought conditions on Short Duration Timeframes, the FIB Waves continue to work - until it Rolls over. We should see a Shorter Duration High made this week. EPS Warnings are beginning to rattle - the Margin / Price / Inflation warnings are beginning to be heard.
Traders were looking forward to the Federal Reserve's next move at the Jackson Hole symposium, and the S&P 500 and Nasdaq 100 both hit fresh highs on Wednesday. The markets in the Asia-Pacific region are likely to open cautiously. Stocks on the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 all ended with increases of 0.11 percent, 0.22...
Another trade we entered today was in PRAXAIR (PX). Heres why we like this bullish position for a nice swing trade: 1) OVERALL MARKET STRENGTH - The overall market looks phenomenal after a strong move the last couple of days and looks to move to new highs. 2) SECTOR STRENGTH - The industrials sector itself is looking phenomenal after today's move. You can see...