·           The S&P  500  initially fell during trading on Wednesday but found enough support near the  2850  level to turn around and rally rather significantly. This market continues to consolidate and look for buyers on dips, as we most certainly have a bullish attitude. S&P  500  traders continue to pick this market up off of the floor every time it falls, and of course Wednesday wasn’t any different. We fell to the  2850  level before finding and of value hunters come back in and...

• Stocks rose on Tuesday as the S&P 500 moved closer to a record high set earlier this year, boosted by strong corporate earnings that offset worries around global trade. The S&P 500 rose 0.3 percent to 2,858.45 with energy and industrials outperforming. The Dow Jones Industrial Average gained 126.73 points to 25,628.91 as Caterpillar climbed more than 2 percent. The Nasdaq Composite advanced 0.3 percent to 7,883.66 as Amazon and Tesla rose. • Asian stocks recorded moderate gains early on Wednesday...

• The S&P 500 by all accounts looked healthy during the trading session on Tuesday, and I certainly don’t think that shorting is called for, even though I think we are about to get a pullback. Instead, I would prefer to buy dips as “value” and have several areas that I would be paying attention to as they strike me as being supported. I believe that the 2840 level is supported, I also believe that the 2825 level is. Both of these were significant resistance in the past, so...

• The Dow Jones Industrial Average rose 39.6 points, or 0.16 percent, to 25,502.18, the S&P 500 gained 10.05 points, or 0.35 percent, to 2,850.4 and the Nasdaq Composite added 47.66 points, or 0.61 percent, to 7,859.68. The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services. • Asian stocks were narrowly mixed early on...

• S&P 500 Price Forecast – S&P 500 challenging significant resistance The S&P 500 has been very volatile during trading on Monday, reaching towards the 2850 level, an area that was recent highs. If we can break above there, then the market will be free to go much higher. However, if we fail at here I think you can count on some type of pullback that value hunters will be looking at. That being the case, I believe that the market is one that will be very choppy and volatile, but if you...

• The Dow Jones Industrial Average .DJI rose 136.42 points, or 0.54 percent, to 25,462.58, the S&P 500 .SPX gained 13.13 points, or 0.46 percent, to 2,840.35 and the Nasdaq Composite .IXIC added 9.33 points, or 0.12 percent, to 7,812.02. U.S. stocks advanced on Friday as upbeat earnings helped investors shrug off heightened trade anxieties and weaker-than-expected July jobs growth. • Asian shares advanced early on Monday, taking cues from Wall Street's gains while trade returned to the fore...

·         European markets were slightly lower Monday morning, amid a backdrop of renewed trade tensions. The pan-European Stoxx  600  was down around  0.1  percent during early morning deals, with most sectors and major bourses in negative territory. ·          Asian shares pared gains on Monday as Chinese stocks swung into negative territory, dragged lower by the escalating Sino-U.S. trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency...

• The Dow Jones Industrial Average .DJI fell 7.66 points, or 0.03 percent, to 25,326.16, the S&P 500 .SPX gained 13.86 points, or 0.49 percent, to 2,827.22 and the Nasdaq Composite .IXIC added 95.40 points, or 1.24 percent, to 7,802.69. Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and...

• The S&P 500 initially fell during trading on Thursday but bounced enough to form a hammer. By doing so, it’s likely that the market is trying to show that it wants to go higher, but the jobs number needs to be out of the way before I think a lot of money jumps into the market. The 2820 level of course is a major level, but if we can clear that I think we could gain another five points rather quickly, and then perhaps another 15 after that. The alternate scenario of course is that we...

• The Dow Jones Industrial Average .DJI fell 81.37 points, or 0.32 percent, to 25,333.82, the S&P 500 .SPX lost 2.93 points, or 0.10 percent, to 2,813.36 and the Nasdaq Composite .IXIC added 35.50 points, or 0.46 percent, to 7,707.29. The S&P 500 and Dow slipped on Wednesday as gains in Apple shares were offset by a drop in energy and industrial companies, while the U.S. Federal Reserve remained on course for an expected interest rate hike in September. Technology companies pushed the Nasdaq...

• The S&P 500 as you can see has bounced from the 2812 level, reaching towards the 2821 handle. If we can break above the 2825 level, then the market will be free to go much higher. I believe at this point a bit of a bounce is probably going to happen, but I would wait until we see the reaction after the central banks, and of course the jobs number on Friday will make a major influence on where we are going next. At this point, I would not be trading this market with any type of size. I would...

·           U.S. stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China. The Dow Jones Industrial Average .DJI rose  108.36  points, or  0.43  percent, to  25 , 415.19 , the S&P  500 . SPX gained  13.69  points, or  0.49  percent, to  2 , 816.29  and the Nasdaq Composite .IXIC added  41.79  points, or  0.55  percent, to  7 , 671.79. ·           European shares climbed on Tuesday to a new six-week...

·           European bourses open mixed on Wednesday morning amid fresh earnings. The pan-European Stoxx  600  was flat with the major bourses taking different directions. ·           Asian shares gave up ground on Wednesday, with weak data in the region and fears of an imminent escalation in the tariff war between the United States and China pulling markets lower even as strong earnings out of the U.S. provided some support. In Asia, MSCI’s broadest index of Asia-Pacific shares outside...

·           European bourses open mixed on Wednesday morning amid fresh earnings. The pan-European Stoxx  600  was flat with the major bourses taking different directions. ·           Asian shares gave up ground on Wednesday, with weak data in the region and fears of an imminent escalation in the tariff war between the United States and China pulling markets lower even as strong earnings out of the U.S. provided some support. In Asia, MSCI’s broadest index of Asia-Pacific shares outside...

• The Dow Jones Industrial Average .DJI fell 144.23 points, or 0.57 percent, to 25,306.83. The S&P 500 .SPX lost 16.22 points, or 0.58 percent, to 2,802.6 and the Nasdaq Composite .IXIC dropped 107.42 points, or 1.39 percent, to 7,630.00. A gauge of global equity markets fell on Monday, pulled down by a sell-off in U.S. technology heavyweights, while the dollar slipped against the euro ahead of several central bank monetary policy meetings later this week. • European shares retreated from a...

• Based on the early trade, the nearest resistance is the short-term pivot at 2821.00. The closest support is the main bottom at 2792.50. The main trend is up according to the daily swing chart. A trade through 2792.50 will change the main trend to down. A move through 2849.50 will signal a resumption of the uptrend. The short-term range is 2792.50 to 2849.50. Its 50% level or pivot is controlling the near-term direction of the market. The main range is 2693.25 to 2849.50. If the trend changes...

• The Dow Jones Industrial Average .DJI rose 172.16 points, or 0.68 percent, to 25,414.1, the S&P 500 .SPX gained 25.67 points, or 0.91 percent, to 2,846.07 and the Nasdaq Composite .IXIC added 91.47 points, or 1.17 percent, to 7,932.24. Wall Street rose on Wednesday as U.S. President Donald Trump secured concessions from the European Union on trade, while a disappointing quarterly report from Facebook (FB.O) after the bell slammed its stock and threatened to put the brakes on a tech rally....

•  Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. The index is currently trading inside yesterday’s range. This indicates early trader indecision and impending volatility. A trade through 2849.50 will signal a resumption of the uptrend. A move through 2792.50 will change the main trend to down. Minor bottoms come in at 2789.75 and 2765.75. The short-term range is 2792.50 to 2849.50. Its retracement zone at 2821.00 to 2814.25 is the first...

• The Dow Jones Industrial Average .DJI rose 197.65 points, or 0.79 percent, to 25,241.94, while the S&P 500 .SPX gained 13.42 points, or 0.48 percent, to 2,820.4. The Nasdaq Composite .IXIC dropped 1.11 points, or 0.01 percent, to 7,840.77. It reversed course after having hit a record high earlier in the session. The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season. • Asian markets were mixed in...

• The S&P 500 has initially pulled back during the trading session on Tuesday but then shot higher to test resistance. It looks as if the CFD market is trying to break out right along with the futures market, and that we could go looking towards the 2880 handle. That’s an area that was massive resistance in the past, so I think it will take something special to break above there. However, for those of you who like trading momentum and breakouts, this could be the perfect scenario as just...