SPX 500

Not the best month for crypto, given the FTX debacle. Will it result in any change? We can only wait and see, but we know that reform and regulation are often slow. Will we see another FTX before that happens? Anything is possible.  Looking at bitcoin, the price of this major crypto index has...

Things are looking up. That little hitch in the markets last Friday and early this week appears to be behind us, setting the stage for more solid gains ahead of the opening bell today. The positive tone followed overnight advances in Europe and Asia, mostly on ideas that trade talks might be headed...

By Avi Gilburt, ElliottWaveTrader With the latest news of Louis Bacon’s closing down his hedge funds, we are seeing further evidence of the difficulties hedge funds have been having during recent years. But, if you think about the counter-intuitive nature of this trend, it is actually quite...

While some of you may be too young to know who Stan Laurel and Oliver Hardy are, they were a comedy team from the late 1920s until the 1940s. They appeared in 107 films, starring in 32 short silent films, 40 short sound films, and 23 full-length feature films. And, probably for many of you, they...

There’s quite a bit of excitement and nervousness heading into earnings season, but analysts don’t necessarily expect the kind of robust company financial growth many investors got used to the last couple of years. FactSet projects a 4.2% year-over-year decline in S&P 500 earnings...

Stocks pushed higher Tuesday in a rally that sent the Dow Jones industrials and the Standard & Poor's 500 Index to new highs. The Nasdaq Composite Index finished at a 13-year high. The rally was built on expectations the Federal Reserve will leave its current bond-buying program in place...

We had a fairly interesting open this evening starting off with a spill off the 1223.5 level down to 1219.25 where buyers stepped in. We melted from 1219.50 back up to 1222 in typical fashion, the 1222 level is soft resistance with 1223.50 being the first stop on the upside with a big line in the...

Well well well.... The Democrats held onto the Senate and the GOP took the house to clown town... Looks like gridlock might be an issue and the market did not jump 300 points higher today as some expected or predicted. The price action today must be taken with a grain of salt as FOMC will surely...

The session started with a slight drop of 0.22 points and then proceeded to test the Resistance at 1048.8 . The rise was stopped at 1048.18 and finished the day at 1042.73 . Looking at the Lower Chart one can see that the price action of the Index has been confined to a narrow Ascending Channel...

Since the "spinning top morning star" the Index has now regained 33.42 points closing today at 1025.39 with a slight increase in volume. Prior to the holiday there had been decreasing volumes . In the next session, if there is upside the levels of resistance will be 1026 - 1034 and 1039. . My...

There are a multitude views on the subject . Depending on your time frame , the Index will either go Up or Down. In the short term there is , in my opinion, still some upside before we get a modest correction. Chart One : Daily SPX 500 This shows that since early July the price action of the...