S&P 500 The S&P 500 initially went sideways during the session on Friday, slicing through the 2425 handle at one point but turned around to show extreme amounts of bullish pressure. Because of this, I believe that the S&P 500 is probably going to go reaching towards the 2450 handle. However, look at the weekly … Continue reading Major US Indices Forecast, August 21, 2017, Technical Analysis
Last week, the financial markets were rocked by a mixture of economic, political and geopolitical events, often triggered two-sided responses, but most of all signaling the return of volatility. While some traders attribute the volatility to the aforementioned events, others blame the wild price swings on the trading conditions due to summer vacation. While it … Continue reading Economic, Political, Geopolitical Events Contribute to Wild Price Swings
Many analysts are bearish on Advanced Micro Devices (AMD), as its earnings growth was largely driven by the cryptocurrency growth instead of Ryzen 7 and 5 CPUs (central processing units).