The major uptrend as defined by the 200-day moving average still prevails until proven otherwise
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S&P 500 will test major support at 200-day moving average
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Category Archives: U.S. Indexes
S&P 500 hits a new closing high
This is a tentative breakout worthy of a headline but not a trade. Wait for a confirmed breakout. You will know.
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The following chart was published in The Economist
Published in The Economist
https://www.economist.com/finance-and-economics/2018/08/23/americas-stockmarket-passes-a-milestone
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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Utilities up 8.14% over the past month
This could be a defensive play in reaction to the tariff fiasco. Notice the drop in the tariff sensitive sectors of materials and industrials.
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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Nasdaq hits record high
Nasdaq 3-Year Weekly Candlestick Chart
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“Technical Analysis is about not being a talking head. Let the chart speak! “
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
S&P 600 small-cap index was the winner in the first half
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“Technical Analysis is about not being a talking head. Let the chart speak! “
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
S&P 500 sector performance for the first half of 2018
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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
S&P 500 on track to test resistance at 2800
But, the breakout will have to hold above 2742
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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Another test for S&P 500 at 200-day average
The S&P 500 is holding at the 200-day average. The near-term trend is positive and I am looking for a test near the April high of 2717. A breakout above the April high would be a positive near-term signal for the S&P 500.
Here is a live 4-year weekly chart for the S&P 500 Index.
Reference my last post for the S&P 500 index.
Here was my post on the sector performance.
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