Szeyee_L

Szeyee_L

☛S&P 500 still doing nothing, below the Head & Shoulder Neckline. Consumer Sentiment & FOMC in Focus. ➤US stocks ended slightly lower with Dow -0.34%, S&P 500 -0.43% & Nasdaq -0.95%. Russia-Ukraine talk failed to yield any meaningful progress and the US CPI (inflation) hit 7.9%, the highest since 1982. ☛On technical front: -S&P 500 not doing much after...

Szeyee_L

☛U.S stocks Rallies as Global Sentiment Rebounds. Potential Headwind from US inflation. ➤U.S. stocks rallied on Thursday snapped a four-day losing streak, with Dow+2%, S&P 500+2.58% & Nasdaq+3.59%. The President of Ukraine said he is prepared for certain compromises with Russia. ☛SY's view: -S&P is still below the neckline, despite the rebound. High VIX (fear...

Szeyee_L

☛U.S Stocks Trying to Stabilize. CPI data in Focus. ➤US stocks continued the losses as market weigh U.S ban on Russia Energy, which could threatens to exacerbate inflation. Dow -0.56%, S%P 500 -0.72% & Nasdaq -0.28%, TLT (bond ETF) -1.01%. ☛SY's view: -S&P trying to stabilize near the previous low of 24 feb with lower TLT (bond). -Eyeing the CPI report. ➤The US...

Szeyee_L

☛S&P 500 on the Brink of Technical Collapse. A Risk-off mood Spurred Demand for Safe-haven Assets. ➤US stocks plummeted with Dow -2.37%, S&P 500 -2.95% & Nasdaq -3.62% On technical front S&P 500✔️ -Price broke below the Head & Shoulder Neckline, with lower highs of the right shoulder. -checkout my previous post about the target prices/levels to watch. ➤The US...