The S&P 500 index has risen +3.3% since February, but looking back over the 50 years from 1974 to 2023, February ranks as the third-worst month, with an average gain…
Posts published in “NYSE Market Update”
Despite recent all-time highs for the Dow Jones Industrial Average (DJI), S&P 500 (SPX), and Nasdaq 100 (NDX), the Dow Jones Transportation Average (DJT) has failed to surpass the late…
S&P 500 has been overbought for a while, sparking concerns of an impending correction. In the chart, the orange area represents the S&P’s distance (%) from the 200-day moving average.…
S&P 500 is testing the blue uptrend line from 2018. Should it fail to hold, S&P 500 may hit the middle of the 13-year orange up-channel. Also, more than 100…
S&P 500 is consolidating between MA50 and MA200. As long as it is above MA200, the rebound continues. Also, more than 600 stocks are consolidating between MA50 and MA200, including…
Dow is now challenging the all-time high at the blue line on a 6-day winning streak. In the past 30 years, excluding this time, there have been 66 6-day winning…
S&P 500 clearly hit an all-time high on Monday. It is likely to meet resistance at the 16-month blue uptrend line at about 4850. But watch the purple line of…
S&P 500 fell -0.9%, while the market added 0.2%. Only Technology (-1.6%), Consumer Cyclical (-1.3%), and Industrials (-0.1%) closed lower. Basic Materials had the most gain of 1.3%. Financial ended…