A level above 70 is often considered overbought while a level below 30 is often considered oversold. Last week, as the S&P ...
The potential for big SPX upside has lessened, per this technical analysis tool Bollinger Bands is a popular technical analysis tool, which is made up of a moving average with upper and lower bands ...
High interest rates, a low dividend yield, and a weak nominal GDP growth outlook suggests the SPX is ripe for shorting. USD libor is 2.9% higher than the dividend yield on the SPX, meaning that a ...
The SPX looks to be embarking on another down leg after once again failing to take out downtrend resistance. Stocks have declined even as bond yields have fallen, which is a strong indication that ...
In last week’s commentary, we noted the S&P 500 Index (SPX -- 5,770.20) fell below multiple short- and intermediate-term support levels that included the pre-Inauguration Day close at 5,996, and the ...