Most U.S. major indices made all-time highs in August/September 2021. Smaller cap, Russell 2000, was the first to reach its all-time high on March 15, 2021, followed by Dow Jones Transportation Average on May 10, 2021. Dow Jones Industrial Average reached this milestone on August 16 and NASDAQ Composite on September 7. S&P 500, NYSE…
NASDAQ Is The Best Performing U.S. Index Before the COVID-19 induced market collapse, most major U.S. indices were making all-time highs (see Figure 1). Dow Jones Transportation Average (DJT) and S&P 500 Small Caps were two indices that reached the respective highs they made in October 2018. The February-March saw all indices sharply reach multi-year…
The large cap indices – S&P 500 and Dow Jones Industrial Average (DJIA) – are in confirmed uptrend along with the tech-heavy NASADAQ Composite. Their all three timeframes – monthly, weekly and daily – are showing varying degree of uptrend and bullish chart formations. The broader market index, Wilshire 5000 Total Market Index, is also…
Friday, September 9 2016, was a panic sell day around the world when the S&P 500 broke out of its narrow range day to a large decline of more than 2.27%. It was 90% downside day – when 90% of the volume is to the downside. The market participants were nervous for quite some time and…
Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…
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%…
Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…
Tuesday Roundup: Tuesday saw global stock market add to their recent gains. Investors treated the news emanating from Europe to be either benign or favorable. Germany’s government and Bundesbank hinted that ECB’s plan to buy bonds will not be a problem. This was enough for the European markets to continue to believe that ECB will…
Monday Roundup: Global markets continued their upward march started by the encouraging US payroll report on Monday. North American stocks closed off their best levels of the day and the volume was lower – 75% of Friday’s level for DJIA. US indices raced out of the gate at the 9:30 AM open and then plateaued at their…
Friday Wrap-Up: Finally, after two big disappointing events, the third mega event of the week brought smiles on the faces of bulls. On Wednesday Federal Reserve decided to do nothing to address the sluggish growth. On Thursday, ECB said that it may do something but did not say when. So the markets were generally in…
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