Stock Market News / Page 10

Technical Analysis – US 100 stock index meets familiar support zone

Posted on March 5, 2024 at 4:16 pm GMT

US 100 stock index turns red after all-time high Downside risks balanced above 20-day EMA The US 100 stock index (cash) has been in a clear uptrend since October 2023, gaining 28% to pause at a record high of 18,339 on Monday. The index opened at the back foot on Tuesday, but the bearish move is not a concern yet. Instead, the negative action can be considered part of the upward pattern as long as the price holds above the 17,945 level. [..]

Technical Analysis – US 500 battles with 123.6% Fibonacci

Posted on March 4, 2024 at 11:10 am GMT

US 500 cash index extends its series of record highs Tests 123.6% Fibonacci extension of its 2022 downtrend Oscillators look overbought, increasing risk of a pullback The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Given that the price is trading into uncharted waters, the Fibonacci extensions of its most recent downtrend could provide potential future resistance zones. Should bullish pressures persist, buyers might initially claim 5,130, which is the 123.6% Fibonacci [..]

Technical Analysis – US 30 index retreats near the medium-term uptrend line

Posted on February 29, 2024 at 8:40 am GMT

US 30 index still above ascending trend line Technical oscillators confirm the latest bearish move The US 30 (cash) index is easing after it reached a fresh all-time high of 39,284.42 on Friday. Currently the price is testing the medium-term uptrend line for a potential bearish correction but also a rebound is expected. Technically, the MACD is holding beneath its trigger line in the positive territory, while the stochastic oscillator is moving lower after the bearish crossover within its %K [..]

As earnings season winds down, what’s next for US stocks? – Stock Markets

Posted on February 29, 2024 at 7:28 am GMT

Solid Q4 earnings season driven by Magnificent 7 Stocks extend rally despite bets for fewer rate cuts Excluding an exogenous event, no risks on the horizon Corporate earnings aid stock market rally As most US companies have revealed their Q4 financials, it is now safe to draw some conclusions regarding the health of the corporate world. The results have been more than encouraging, with the S&P 500 being on track for a 10.0% annual earnings growth according to LSEG, beating [..]

Performance in past “Fed pause” intervals supports the current S&P 500 rally – Special Report

Posted on February 28, 2024 at 10:55 am GMT

A performance comparison of key assets in the previous Fed pause periods The S&P 500 index could go higher if history repeats itself The US 10-year yield is expected to drop when the Fed decides to signal rate cuts A special report was published last year analysing the performance of key market assets during the three occasions since 2000 – in 2000-01, 2006-07 and 2018-19 respectively – when the Fed paused after a rate hiking cycle. The end product was [..]

Technical Analysis – Is the US 30 cash index ready for a higher high?

Posted on February 22, 2024 at 9:12 am GMT

US 30 index in the green again following a few mixed sessions It remains just a tad below its recent all-time high Momentum indicators are mixed; the stochastic oscillator appears indecisive The US 30 cash index is in the green again today, following some mixed sessions. The bulls are probably feeling confident again as the index is just a tad below its February 12, 2024 high of 38,929. However, they probably need to register a higher high soon in order [..]

Technical Analysis – Apple stock drops below 50.0% Fibonacci

Posted on February 20, 2024 at 3:54 pm GMT

Apple shares slide after rejection at 50-day SMA Price violates 200-day SMA and ascending trendline Momentum indicators deep in their negative zones Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the near term, the stock has been facing downside pressures, which led to a decline below the 200-day simple moving average (SMA) and the upward sloping trendline that connects its recent higher lows. Should the retreat extend, initial support could [..]

Technical Analysis – Is the US 100 cash index close to a correction?

Posted on February 20, 2024 at 11:21 am GMT

US 100 index is in red today, testing the support set by a key trendline It remains a tad below its all-time high as the market looks for new bullish catalysts Stochastic oscillator is trying to send a bearish message The US 100 cash index is lower today, testing the support set by the October 26, 2023 ascending trendline but remaining very close to its February 12, 2024 high of 18,041. The journey higher has almost been a straight line, raising [..]

Technical Analysis – Nvidia stock consolidates ahead of earnings

Posted on February 20, 2024 at 10:04 am GMT

Nvidia hovers around its record high of 745.70 Exponential year-to-date rally seems overstretched Stochastics exit but RSI stays in overbought area Nvidia has been surging since the beginning of the year, posting consecutive all-time highs. However, the price seems to be in a consolidation phase in the past few daily sessions as traders are bracing for the upcoming Q4 earnings report on Wednesday. Should buying pressures persist, the stock might revisit its all-time high of 745.70 registered on February 12. An upward violation of [..]

Technical Analysis – US 500 index gets assistance after rejection from all-time high

Posted on February 19, 2024 at 10:30 am GMT

US 500 holds above ascending trend line But technical oscillators losing some ground The US 500 (cash) index was challenging the all-time high of 5,050.96 in the previous sessions, before pulling lower near the 5,000 round number. The market is holding slightly above the steep ascending trend line, which has been drawn from October 27. Technically, the bulls might still be in town as the RSI is still clearly above its 50 neutral mark despite losing some ground. But any gains could be short-lived as the MACD seems to have [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms

How to Access

Telegram Chat Terms

Stock Market News