S&P 500 The S&P 500 eventually went sideways during the session on Friday, but then fell significantly to reach down towards the 2460 handle. However, we have bounced a bit and I believe that the S&P 500 will continue to benefit from the overall bullish attitude. I believe that we will break out to a … Continue reading Major US Indices Forecast, July 24, 2017, Technical Analysis
U.S. stock index futures closed lower across the board on Friday on the heels of a sell-off in General Electric (GE). The Dow component reported better-than-expected quarterly results, but sellers drove the stock down more than 2 percent in reaction to a 12 percent year over year drop in sales. The report, released before the … Continue reading Drop in GE Stock, Below Average Volume Drive U.S. Stock Indexes Lower Across the Board
The S&P 500 started this week on a stable note by trading at all-time high price levels on Monday. The market lost momentum in the first two trading days.