Tag Archives: ^GSPC

Market Price Action is Discounting Another Round of QE

It appears that the two previous rounds of quantitative easing have maintained the coupling between commodity prices and stock prices. But this coupling broke in the third quarter of last year and this could mean that the rising stock market is … Continue reading

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Short-Lived Rebound or a Bottoming Process?

The market rebounded during the last three trading sessions but yesterday’s price action was indicative of short-term weakness with the S&P 500 Index closing unchanged after spending most of the day in positive territory. Will the correction resume or is this part of a … Continue reading

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Market Double Top or New Highs?

Major stocks market indices like the S&P 500 and NASDAQ-100, along with their ETFs, SPY and QQQ, are about to either form a double top and enter into correction mode or rally to new highs. Price action analysis gives high probabilities … Continue reading

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Shanghai Stock Exchange Composite Index Has Rewarded Short-term Speculators Only

I compare the Shanghai Stock Exchange Composite Index to S&P 500 from the point of view of the availability of medium to longer-term investment opportunities. It is evident from the comparison that the former market has not offered as many opportunities … Continue reading

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S&P 500 Index: Back to the Future or to the Past?

The S&P 500 index has recently returned to levels seen in July of 2011 in the 1300 to 1360 range. Those are levels where a correction started last year with the index losing about 8% of its value in a just … Continue reading

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S&P 500 Index Near An Important Resistance Level

S&P 500 had a spectacular rally with a gain of about 7.5% in a matter of just 3 days.  There were several technical signals for the rally, this is an example from my November 22 post. The index is now near an … Continue reading

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S&P 500 Working on a Potential Inverse Head and Shoulders Formation

A potential inverse head and shoulders chart pattern is currently under formation in S&P 500 after yesterday’s price action. If this pattern finally forms it will signal another rally, possibly to a 4-year high, but a few important obstacles must be cleared first. Share

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S&P 500 Index – Are We Close to a Trend Reversal?

From a high reading of 1370 on 05/02/2011, the S&P 500 Index closed at 1316 yesterday, which amounts to a 3.94% drop in less than a month and that was enough to make some people wonder if this is the beginning of a … Continue reading

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