Trend Letter Blogs
Headlines – February 22/18
Wall St opens higher as tech stocks rise. Read story US jobless claims drop to 45-year low. Read story 1 in 5 Americans have more credit card debt than savings. Read story Ford’s head of US operations is leaving over ‘inappropriate behaviour.’ Read story Trump: Armed teachers could stop attacks. Read story Parkland student: CNN […]
Important update for S&P 500
Last Wednesday morning, at the market open, we posted the following targets (note the weekly was updated later in the day). Near-term Resistance = 2697 (weekly target of 2740) Key Resistance = 2873 Immediate Support = 2585 (Note: this is the 150-DMA) Near-term Support = 2535 Key Support = 2473 On Wednesday, the S&P 500 […]
Headlines – February 16/18
Stocks flirt with 6-day rally; Nasdaq set for best week since 2011. Read story Oil output cuts and electric car influx could hit Russia economy: central bank. Read story Ninth grader arrested after threatening “Round 2 of Florida.” Read story US rejects China-led bid for Chicago Stock Exchange. Read story Bitcoin retesting the $10,000 level […]
Headlines – February 15/18
17 killed in mass shooting at Florida high school. Read story Football coach ‘died a hero’ shielding students from gunman. Read story Wall St opens higher as inflation fears ebb. Read story Brace for another nose-dive for stocks – and welcome it. Read story Billionaire Charlie Munger says ‘bitcoin is noxious poison.’ Read story The […]
Headlines – February 14/18
Wall St reverses course to trade higher. Read story Consumer prices jump more than forecast, sparking inflation fears. Read story OPEC will be forced to play ‘second fiddle’ to the US in 2018. Read story More fund managers now see danger ahead for the economy than at any time in the last decade. Read story […]
Key short-term targets for the S&P 500
In the latest issue of The Trend Letter, we identified the following Key Target areas for the S&P 500. On a timing basis, this next week, starting today, should see the next short-term trend. The futures pointed to a lower opening, which fits our model’s forecast for slide over the next week. Here are the […]
February 13/18
Dow opens 160 points lower, as stock market threatens to halt 2-day climb. Read story ‘Risks of recession’ are rising, says head of world’s largest hedge fund. Read story Kim Jong-un hails ‘warmth’ with South, calls for further reconciliation. Read story VIX manipulation costs investors billions, whistle-blower says. Read story Virtually no one is reporting […]
Headlines – February 12/18
Stocks rebound globally crude oil snaps sell-off. Read story White House to roll out Trump infrastructure plan. Read story Oil bears in control, but expect a bounce. Read story Bitcoin inches closer to $9,000, with cryptos higher across the board. Read story Investors brace for more swings as US inflation specter rises. Read story Pence […]
Headlines – February 9/18
US stock benchmarks surge at open. Read story Euro set for worst week since 2006 as dollar extends rally. Read story Trump signs spending bill, ending short shutdown. Read story Nearly one-third of S&P 500 stocks are in a bear market. Read story Oil slides toward weekly loss on excess supply worries. Read story Turkey […]
Another wild day for the markets, now officially in a correction
Emotion is most investors worst enemy, as herd following is too powerful for most to avoid. It is the reason that retail investors buy most at the top, and least at the bottom in a market cycle. It is a basic swing between fear and greed. As the markets continued to rise, we saw investor sentiment quickly […]
Headlines – February 8/18
Wall St falls as investors remain on edge. Read story Bulls vs bears: taking sides on the stock market. Read story Broader cryptocurrency ahead? Depends where you are. Read story 32% of Canadians nearing retirement with no savings: Poll. Reads story If you’re freaking out about the stock market, remember why you invested in the […]
Headlines – February 7/18
More stock market turbulence. Read story Forget the stock market roller-coaster, the sell-off in bonds is what matters. Read story Cryptocurrency price surge: Bitcoin, Ripple and Ethereum all rising as markets recover. Read story XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money. Read story Icahn: The market will one […]
Dow +567 after wild intra-day swings
After an historical 1,175 tumble on Monday, the Dow rebounded today, closing 567.02 points higher. It wasn’t pretty as at its session low the Dow was down by 567.01 points. From the session low to session high, we saw a range of 1,167.49. The Dow ended the day up 2.33% The S&P 500 was a similar story, trading […]
Headlines – February 6/18
After opening down 500 pts, the Dow moved up 350, now back negative. Read story European shares tumble in new sell-off. Read story Global sell-off runs to $4 trillion. Read story Bond bears smell blood, others claw for buying opportunities. Read story Cryptocurrency hearing will have SEC, CFTC chiefs trying to juggle allowing innovation with protection […]
Record market sell-off
As we have been anticipating, global markets started to correct last week, and that downturn gained strong momentum in today’s historic sell-off. Fortunately for subscribers to The Trend Letter and Trend Technical Trader (TTT), both services had strategies in place to deal with this correction. In fact, while the Dow saw its biggest single-day decline in history, two of […]
Headlines – February 5/18
Stocks resume Friday’s sell-off. Read story US market meltdown spreading across Europe and Asia. Read story Bitcoin falls to fresh 2.5 month low. Read story Oil reaches one-month low. Read story Super Bowl rating slip to 8-year low as Eagles score historic win. Read story Mass riots erupt in Philadelphia as fans celebrate Eagle Super […]
Headlines – February 2/18
Dow Industrials set for 730-point weekly drop, worst weekly drop in 2-years. Read story US adds 200,000 jobs with wage growth fastest in more than 8 years. Read story US 10-year yield jumps to 2.85%, a 4-year high. Read story Bitcoin set for worst week since 2013 as crypto sell-off intensifies. Read story Alibaba sales […]
Headlines – February 1/18
US stocks stumble as investors digest corporate earnings. Read story Bitcoin drops below $9,300 as India vows to eliminate their use. Read story US oil production tops 10 million barrels per day for first time since 1970. Read story 10-year US Treasury yield hits 2.75% for first time in three years. Read story FISA FBI […]
Headline – January 30/18
Dow down 300 points as stock sell-off intensifies. Read story Market euphoria may turn to despair if 10-year yield jumps to 3%. Read story Mortgage rates surge to highest level in 3-years. Read story Wall Street’s ‘fear gauge’ breaks above 14 for first time since August as stocks falter. Read story China directs users to […]
Headlines – January 29/18
Wall St dips at open, Apple weighs. Read story US dollar rebounds, helped by 10-year Treasury yield topping 2.70%. Read story Consumer spending hits 6-year high, as Americans cut savings to 12-year low. Read story These 27 S&P 500 stocks are blowing away the market with gains of 15% or more this month. Read story […]
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