Positive signs emerge in US-China Talks!!
Market have shown record performance since bottoming in late December. It has overcome important resistances at 50DMA & 200 DMA with ease. Next resistance zone for NASDAQ is 7570-7650 & for SPX zone is 2800-2815. We will not be surprised that market will overcome these zones in next week or so. But one should be […]
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Market strength continues!!
All indexes have trading above 200 DMA but prior resistance zones near here need to be overcome. So far market is handling it ok with end of the day rallies from lows. The market is in confirmed rally. Volatility index VIX has tested breakout of support level 16. This is encouraging for bulls. Earnings reports […]
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China deal still work in progress!
As we suspected 200DMA resistance is at work. So far market is handling it ok with end of the day rallies from lows. The market is in confirmed rally. Volatility index VIX has tested breakout of support level 16. This is encouraging for bulls. Earnings reports have been somewhat volatile. Some with positive results are […]
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FED Softens on interest rates and QT!
Dow Jones is trading above 200DMA resistance. Nasdaq is heading towards 200DMA around 7500 level. So is true for S&P index heading towards 2750-2800 area. Many leaders are participating last couple weeks. Be watchful for nature of consolidation this week or two. The market is in confirmed rally. Volatility index VIX is breaking support at […]
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