Indices / Page 9

Technical Analysis – US 500 index’s positive tone shaky near 38.2% Fibonacci

Posted on April 11, 2022 at 12:58 pm GMT

The US 500 stock index (Cash) is consolidating slightly north of the 4,446 level, which is the upper part of a support border and coincidentally the 38.2% Fibonacci retracement level of the up wave from 4,137 until 4,638. The rolling over of the 50-period simple moving average (SMA) and its nearing of a bearish crossover of the still climbing 100-period SMA, is reinforcing the waning in the index, and specifically weakness in the latest two-week rally. Currently, the horizontal Ichimoku [..]

Technical Analysis – US 100 index in battle with 200-SMA; bias bullish

Posted on April 5, 2022 at 7:47 am GMT

The US 100 stock index (cash) returned to test its flattening 200-day simple moving average (SMA) at 15,180 after its mild three-day sell-off paused at 14,800. The tech-driven index has completed three bullish weeks, retracing more than half of its previous downtrend, and another one is in progress as the 20- and 50-day SMAs are marking a positive crossover. Despite their recent deceleration, the momentum indicators keep fluctuating within the bullish area, with the RSI remaining comfortably above 50 and [..]

Technical Analysis – US 30 index strengthens as bullish bearing firms

Posted on March 30, 2022 at 2:48 pm GMT

The US 30 stock index (Cash) seems to have found fresh feet after overrunning the 35,000-35,140 resistance band, the latter being the February 16 high. The bullish 50- and 100-period simple moving averages (SMAs) are defending the recent rally from the 32,680 trough. Currently, the Ichimoku lines suggest positive forces remain in play, while the short-term oscillators are reflecting a slight withdrawal in negative momentum. The MACD, in the positive region, has poked a tad back above its red trigger [..]

Technical Analysis – US 100 cash index struggles to jump above 61.8% Fibo

Posted on March 30, 2022 at 10:33 am GMT

The US 100 cash index is struggling around the 61.8% Fibonacci retracement level of the down leg from 16,767 to 12,940 at 15,308. Also, the 100-day simple moving average (SMA) is ready for a bearish cross with the 200-day SMA, suggesting an overbought market. The RSI indicator is heading south above the 50 level; however, the MACD is strengthening its movement above its trigger and zero lines. A downside reversal below the SMAs could bring the 50.0% Fibonacci of 14,855 [..]

Technical Analysis – JP 225 index still showing no weakness in bullish bearing

Posted on March 29, 2022 at 1:47 pm GMT

The Japan 225 index (Cash) has recorded a two-month peak of 28,549, resuscitating the uptrend from the 24,502 low, after breaching the recent 28,371 high. The soaring 50-period simple moving average (SMA) is endorsing the more than two-week rally, and the nearing of a bullish crossover of the 200-period SMA by the ascending 100-period SMA could further boost advances in the index. Currently, the rising Ichimoku lines indicate sturdy positive forces, while the short-term oscillators are mirroring an increase in [..]

Technical Analysis – US 30 index advances become capped; downside risks linger

Posted on March 24, 2022 at 10:03 am GMT

The US 30 stock index (Cash) has retreated to the 50-day simple moving average (SMA) around 34,333 after the converged longer-term 100- and 200-day SMAs, in conjunction with the Ichimoku cloud, curbed the pace of the two-week rally from the 32,337 level. The descending 50-day SMA and the nearing of a bearish crossover of the 200-day SMA by the 100-day one, are signals that bearish pressures have yet to fully dry up. The Ichimoku lines suggest negative forces are dormant, [..]

Technical Analysis – US 500 index’s gains hit fortified resistance wall

Posted on March 21, 2022 at 9:57 am GMT

The US 500 stock index (Cash) is struggling to overcome the 200-day simple moving average (SMA), coupled with the Ichimoku cloud in the 4,500 price vicinity after finding significant positive traction within the 4,106-4,155 support section. The falling 50- and 100-day SMAs are sponsoring the bearish bias from the beginning of the year. Currently, the Ichimoku lines are not indicating any clear driving forces in the index, while the short-term oscillators are transmitting mixed signals in directional momentum. The MACD [..]

Technical Analysis – JP 225 index’s bearish bias intact despite fresh bounce

Posted on March 10, 2022 at 12:10 pm GMT

The JP 225 stock index (Cash) found its feet just before the 24,472 support, which extends back to October 2018, but upside pressures are struggling to overpower the prevailing negative mood in the index. The bearish simple moving averages (SMAs) continue to endorse the strong downward trajectory. Currently, the Ichimoku lines are indicating a pause in negative forces, while the short-term oscillators suggest bearish momentum has yet to fully subside. The MACD remains deep in the negative region and below [..]

Can the metal and mining sector act as an inflation hedge in 2022? – Stock Market News

Posted on March 1, 2022 at 10:50 am GMT

Investors and stock markets are bracing for multiple rate hikes by the Fed in 2022 as an effort to tackle the persistently high inflation in the United States, which reached a four-decade high of 7.5% in January. Although the upcoming monetary tightening is anticipated to reduce inflationary pressures to some degree, supply-side inflation stemming from Covid-19-related disruptions and elevated energy prices could remain high. Therefore, with investors probably continuing to seek stocks with inflation hedging attributes, can the metal and mining sector [..]

Technical Analysis – US 500 index gaps lower as rally deflects off Ichimoku cloud

Posted on February 28, 2022 at 10:14 am GMT

The US 500 stock index (Cash) has gapped back beneath its 50-period simple moving average (SMA), throwing some doubt into whether the bounce from the nine-month low of 4,106 could sustain optimism in the market. The Ichimoku cloud has taken the wind out of the index’s sails, and it appears that a swift overturn of the recent damage resulting from the Ukraine attacks, may likely take longer to offset. The falling SMAs continue to endorse the short-term bearish trend. Meanwhile, [..]

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