Market was almost unchanged on Wednesday June 1, 2016. Dow Jones Industrial Averages gained +2.47 or +0.01% and S&P 500 added +2.37 or +0.11%. Going by just the end-of-day figure it would seem that it was a lackluster day. But if you dig deeper then you would see a different picture. The picture at the morning…
Major U.S. indices turned around for the year in February. They formed the high for 2016 in April and then retraced. On May 19th, the market made a one-day bullish reversal candlestick and has been on an uptick since then. So let’s take a look how the major indices are doing compared to each other. The relative strength…
1:45 PM: Beige Book Release Fed’s Beige Book will be released at 2:00 PM. It is creating some uncertainty. The futures broke above the cup-with-handle pattern at 1:00 PM but they are now back in that range just before the release time of Beige Book. Intraday support is at 2090.50 and a break below that may…
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