Defining a Stock Market Index Simply put, a stock market index is a hypothetical portfolio of securities representing a certain facet of the market. They provide simplified snapshots of a specific market sector without having to examine every single asset individually. A stock market index measures its portfolio holdings using specific characteristics. They serve as […]
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In today’s video, I discuss last Friday’s squeeze pattern again. To my amazement, the S&P 500 (as well the other indices) was crushed Monday, which brought the lower squeeze support line into play faster than I expected. Since the Momentum Stock Room was short $FFIV, I explain how this chart pattern helped us take a […]
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In today’s end of the week video, I discuss the chart formation of the S&P 500 – the squeeze pattern. The market is currently auctioning between these levels which will be very important support and resistance levels for next week. Which way will it break out?
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The end of the week has brought back Halloween: Scary things all around! Although it is not really Halloween and there are no ghosts or goblins around, there sure is a scary sight in the markets today. All of the major indices are down – sharply. As I write this, the S&P 500 is down […]
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In last Friday’s video, I described several support levels to watch for if there was continued weakness. In a way, one can argue that today’s action is worse than the run-of-the-mill decline because it happened on a day that had a VERY strong open. The Dow was +300 at one point this morning…and then suffered […]
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In today’s video, I discuss some major support areas in the S&P 500. Did the market reach one Friday near its lows? Will traders sell positions into the close because they don’t want to be long through the weekend? If it doesn’t hold, the levels mentioned in the video will be even more important.
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After the extreme break in the S&P 500 on October 10th, the markets have been trading in mostly sideways. Sure, there was follow through on the 11th as you can see in the chart below, but since then it has not continued the break. During the 7-day consolidation period, volume and volatility have slowed markedly. […]
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Since Monday was October 1st, and since there were a few major market meltdowns during this month, the press wants to know if the highs are in. Except, the market exploded HIGHER this morning due to the new tri-lateral trade deal that replaces NAFTA. In today’s video, I discuss this new deal and what, if […]
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Today’s video discusses several reasons for Monday morning’s weakness, including a potential political problem. The video dovetails well with Friday’s post of the S&P 500 support and resistance levels (Hint – it’s on one right now).
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