The S&P 500 Volatility Index ($VIX) was up for the 5th time in 6 sessions after popping to an intraday high of 24.81. Early May and lower resistance at 22-22.50 was breached and failed to hold. A close above the 25 level and the would be an ongoing bearish signal with risk towards 26-27.50 and […]
Category Archives: Market News
The S&P 400 Mid Cap Index ($MID) has been in a 6-session trading range with Monday’s high reaching 1,908. Near-term and lower resistance at 1,900-1,925 was cleared and held with a close above the latter and the 50-day moving average being a more bullish signal for higher highs. Near-term support is at 1,875-1,850 and the […]
19
May
May
The Russell 3000 Index ($RUA) had its 3-session winning streak snapped following the pullback to 1,682 into the closing bell. Upper support at 1,680-1,665 held on the close back below the 50-day moving average. A move below the latter opens up risk towards 1,650-1,635 and the 200-day moving average. Resistance is at 1,690-1,705 with last […]
Bears Snatch Weekly Win From Bulls 8:00am (EST) The market showed some strength shortly after a lower open on Friday following news the trade front with the EU, Mexico and Canada is easing with the U.S. set to remove steel and aluminum tariffs on Canada and Mexico. However, weakness returned late in the session following […]
The S&P 500 Volatility Index ($VIX) traded to a morning peak of 16.81 with resistance at 16.50-17 getting split and the 200-day moving average holding. A close back above the 17.50 level would be another warning signal for the market with risk towards 20-20.50. Support remains at 15-14.50 with a close below the latter and […]
18
May
May
5 Key Indicators for Landing Top Profits At Next Options, we make stock and options recommendations based on what the charts are telling us — not the talking heads and suit-and-ties on financial TV networks. We spend tons of hours every week analyzing stock charts, support and resistance levels, moving averages and numerous other technical […]