US stock market has run through many resistance levels created over the last decade and is at a very high level. Most of the broad market indices are either at all time high or much higher than the pre-financial-crisis level achieved in 2007-2008. Dow Jones Industrial Averages, S&P 5oo are at all-time highs. So are…
Monthly Pivots: Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,009 1,379 2,940 5,088 787 5,635 6,772 Open 13,007 1,379 2,957 5,088 790 5,635 6,776 High 13,331 1,427 3,101 5,224 827 5,876 7,105 Low 12,779 1,355 2,891 4,931 765 5,633 6,596 Close 13,091 1,407 3,067 5,007 812 5,711 6,971 % 0.6% 2.0% 4.3% (1.6)% 3.2%…
Wednesday’s Recap – Fed To Rescue? Wednesday was the FOMC meeting minutes release day and that kept the markets on tenterhooks for most of the day. The overnight action from Tuesday’s close was stifled by some disappointing news from Japan and Australia along with the apprehension about the FOMC meeting minutes. US futures were under…
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