The SP:SPX market turns sluggish with the last day closing price is within the prior day candlestick.
Most indicators show mixed signals on the daily chart:
- Stochastic show strong divergence buy signal;
- RSI is neutral shuttling up and down around the level of 50 points;
- MACD Signal line show death cross of MACD line, while histogram of average size...
The ISM Manufacturing PMI has dropped below 50, indicating weak economic conditions in the US. Despite this, the S&P 500 has shown resilience, awaiting employment data released this week.
In response to the deteriorating economic indicators, Fed Chair Jerome Powell has hinted at a potential rate cut this month.
After experiencing a two-week adjustment in the...
Chart S&P overlay Fed interest rate a few conclusions:
1. Stocks can rise and fall throughout rate cut cycle;
2. Rise in stocks is usually associated with minimum interest rate in the cycle;
3. US stocks were rising throughout rate hike cycle in later years;
4. More money supply management tools were introduced in last quarter century like QE policy;
5. More...
S&P looks very promising in the coming months.
My best case scenario for wave counting is that we entered the Third Wave as shown on the chart above.
The Third Wave in Elliott cycle is known to be the most explosive one that many investors like to chase.
This wave may last for several months. If so, the best time to buy is now, but not a recommendation of...
Last two weeks adjustment was aligned with the rise in Unemployment Rate and associated worries about the possible US economic slowdown.
A week ago gap was closed last Friday, but there still remain another gap on Aug-2, which slightly increase the probability of further rise in US stocks.
The focus of this week is inflation data from US, including PPI on Tue,...
After a dramatic selloff bitcoin bounced back from a low level of 49,360.
Investors don't need to be so fast to jump in new positions in crypto, for rebound needs confirmation.
Better try the following method for medium to long-run positions,
take MACD and RSI, so when the two indicators give simultaneous buying signal, then it is time to hop in crypto investment.
support at SMA200 watershed, key support at 4608;
market worries about US economic slowdown;
this is a brief elliot wave counting map to determine probable key levels.
No important economic data from US this week, only trade balance and initial claims to observe on Tue and Thu respectively.
US stock market continued decline on Fri, following weakening labor market conditions and earnings from big tech companies last week.
In expectations of rate cut, big shots are reducing portfolios. The situation may last until we actually...
