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Posts Tagged With 'SPX outlook'

Posted by Martin June 01, 2015

Path to nowhere continues. Where is SPX going tomorrow?

Monday was again as expected. I expected it to go higher at first to overcome Friday’s selling but then drift lower. At first the manufacturing data which came out better than expected but along with not so good economic data (mainly consumer spending) put the market on an upward trend. The market seems to love Continue reading →

Posted by Martin May 31, 2015

Tech stocks are going to break out this week, will $SPX follow?

Tech stocks are about to break out in a big way, according to one top technician. “The Nasdaq Composite has outperformed the broader market this year, outpacing the S&P 500 [Index],” technical analyst Rich Ross said on CNBC’s “Trading Nation.” The Nasdaq Composite has rallied more than 7 percent year-to-date, while the S&P 500 is Continue reading →

Posted by Martin May 28, 2015

Nothing exciting before GDP data adjustment.

The market did exactly what I expected. It went down and later recovered the selling. But the recovery wasn’t strong enough to push the market higher, so it ended down. Tomorrow we will see GDP revised. This may be a market mover. Will it be taken positively or negatively by the investors? Normally, I would Continue reading →

Posted by Martin May 27, 2015

FED Conundrum

Sometimes I like to be wrong in my market move expectations. Like today. I expected the market to move lower yet it moved up. It recovered almost all losses from yesterday. I have a few long positions so it obvious that I wanted to be wrong in my expectations. It looks like, we have experienced Continue reading →

Posted by Martin May 26, 2015

$SPX market expectation for Wednesday, May 27th

(05/26/2015 HS) – Market took a hit today. Quite large one, compared to the non-moves we have seen in previous days. The S&P 500 lost 1% today. It could have been more, but at the last hour the market rallied and erased some losses. Should we be worried? Hard to answer that question. The market Continue reading →

Posted by Martin May 25, 2015

$SPX market expectation for Tuesday, May 26th

(05/25/2015 HS) – On Friday, last week, I expected the market to move higher. I expected FED to be taken positively by investors as they would see that FED will most likely postpone interest rates hike due to slowing economy. I didn’t have time to watch or read what actually Yellen said, but overall results Continue reading →