03-06-2024 E-Mini SPM Update
SPM24 JUN S&P E-mini futures. Pivotal resistance at 519600/519740. A drive back above this level should retest the contract high at 522000. Support is 516780, 515950 and 515120/515000.
technical analysis
03-05-2024 Dow Jones Update
The Dow hourly hit the .382% retracement level of the last major hourly swing and found support with oversold short-term conditions. Support is critical now at 38457, 38375 and 38202. Under 38202 would open counts to critical support at 37947/37940. Resistance is 38614 and 38710. A drive over 38710 will test 38789 with counts to …
03-01-2024 Technical Update DJIA & S&P500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 1, 2024 FAANG Weekly Stocks ended the month of February scoring the fourth monthly gain in a row and then rallied on Friday with tech leading the way to new record highs for the FANG, the Nasdaq and the S&P500. Secondary stocks led the week …
02-24-2024 Technical Update DJIA & S&P 500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 23, 2024 Nasdaq NDQ Weekly In a shortened trading week, stocks saw most of the major indices surge into record highs with last week’s critical cycle timing on Wednesday/Thursday coinciding with the release of NVDA earnings. The markets were perched on the edge of anticipation …
02-16-2024 Technical Update DJIA & S&P500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 16, 2024 Nasdaq 100 NDQ Weekly Stocks traded a volatile week with a 1-2 punch of the CPI and PPI readings coming in hotter than expected, even though the CPI minus shelter is under 2%. Only the secondary markets ended higher as the tech-centered and …
02-09-2024 Technical Update DJIA & S&P500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 9, 2024 Nasdaq NDQ Weekly Stocks traded a mixed week tech (Chips!) continuing to lead the way and the S&P 500 closing above 5000 for the first time in history. The FANG led the way once again as it is knocking on the door of …
02-02-2024 Technical Update DJIA & S&P500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 2, 2024 QQQ Nasdaq Weekly Stocks traded a wild week with most major indices trading to new record highs, for the fourth week in a row. The market moved through a tense week of trade with the focus primarily on the Fed and anticipation of …
01-26-2024 Technical Update DJIA & S&P500
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of January 26, 2024 QQQ Nasdaq Weekly Stocks continued their trek higher last week with most major indices reaching record highs. In line with the past year of trade, tech stocks led the way as the FANG surged 2.42% and closed in the middle of the week’s …
01-24-2024 Special Report S&P500 Futures
S&P500 Nearby Futures Weekly H-L-C We have just moved through a critical timing point and are on the precipice of two big data numbers. Thursday morning, we get Real GDP with most estimates coming in at +2.0%. Anything above 2% is likely to be bearish for both stocks and bonds as it will take the …
01-24-2024 Special Report S&P500 Futures
S&P500 Nearby Futures Weekly H-L-C We have just moved through a critical timing point and are on the precipice of two big data numbers. Thursday morning, we get Real GDP with most estimates coming in at +2.0%. Anything above 2% is likely to be bearish for both stocks and bonds as it will take the …
