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GOLDMAN SACHS: Here's the stock-market level we're watching for signs of the top
The S&P 500 has yet to fully regain its losses after a 10% correction. According to technical analysts at Goldman Sachs, the market could be headed higher still, and 3,020 is a key level from which...
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Stocks just fell through a key threshold that could open the floodgates for...
The benchmark S&P 500 on Friday fell below a key technical level on an intraday basis, suggesting that selling could continue in earnest.Further weakness could exacerbate a sell-off spurred by...
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GOLDMAN SACHS: Stocks are at a key level and we expect 'one more leg to new...
The stock market is testing a key level right now, Goldman Sachs warns. Technical analysis shows the selloff that gripped the markets earlier this year may not be over just yet. A retest of the recent...
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Tech stocks are seeing a historic breakout
Tech stocks recently hit new all-time highs.The tech sector represents 25% of the S&P 500.How can this not be the chart of the week? It should be the chart of the century. Everyone always likes to...
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Bitcoin is dangerously close to a 'death cross' formation that could send it...
Formerly red-hot bitcoin has seen a large drop from its record highs reached in December.The digital coin looks poised to trigger a bearish technical indicator known as a "death cross," which portends...
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Stocks just plunged through a key technical level that JPMorgan says could...
The US stock market got rocked this week, declining 5.9% over five days, its largest such drop in more than two years.The benchmark S&P 500 closed below a key technical support level, and the...
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An island reversal has left behind a big mess on the Nasdaq 100's chart
An "island reversal" pattern showed up on the Nasdaq 100 chart.The pattern occurred at all-time highs so it's a big deal.The 7,000-7,100 area is very important. It’s funny, some friends of mine a few...
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Gold is breaking out versus both stocks and bonds
Gold is flirting with multi-year highs.The precious metal appears to be breaking out against both stocks and bonds.Gold could go to $1,550/$1580 in the near-term, according to the charts.When assets...
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Tumbling stocks just closed below a key technical threshold — and it could...
The US stock market continued selling off in earnest on Monday, with all major indexes dropping more than 1.9%.The S&P 500 closed below one of the market's most closely-watched technical levels,...
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Stocks are fast approaching a level that would trigger a 'wave of selling,'...
The S&P 500 is headed towards a level that would trigger a "wave of selling," according to technical analysts at UBS. They forecast that the next leg down in stocks could begin as soon as next...
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Oil has 'one last gush on the horizon'
West Texas Intermediate crude oil crossed $67 a barrel for the first time since December 2014.The CitiFX technicals team says $70 is in reach. They say the current rally looks a lot like what...
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Stocks are 'coiling for a break higher'
The S&P 500 has formed a bullish triangle pattern that's setting it up for a break higher, according to David Sneddon, Credit Suisse's global head of technical analysis. The index's recent sideways...
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Here's what the charts are saying about the stock market
The charts are pointing to the potential for a retest of all-time highs.There's a chance the S&P 500 climbs over the 3,000 level.SPX Big Picture Nearer-Term ScenarioMy big picture work in the cash...
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The dollar looks like its topping
President Donald Trump accused the EU and China of manipulating their currencies.The US dollar index is testing a key technical level.It looks like the greenback has peaked or that it is in the process...
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Here's what the charts are saying about Amazon and Apple
Tech stocks have been flashing warning signs.Apple looks like it has completed an upleg and may roll over.Amazon looks like it has further room to the down side.On August 10th, 2018, I opined in a...
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A 'classic topping formation' that has shown up in every stock-market peak...
A potential "double top" is forming in the S&P 500, according to Gluskin Sheff Chief Economist and Strategist David Rosenberg. At the same time, volume and stock-market breadth are declining.That...
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Traders are glued to a key level on the charts
US stock markets on Wednesday faced their worst sell-off since February.Traders are paying close attention to key technical levels, and right now the 200-day moving average is in focus.The S&P...
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The stock market's 'dead cat bounce' is over and the rolling bear market is...
The stock market may have bounced back from its sharp sell-off at the beginning of October, but Morgan Stanley says the selling will pick back up soon.The firm expects the S&P 500 to slide back...
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A historically accurate stock market indicator says selling has gotten way...
The stock market's relative strength index is a technical indicator that has historically signaled overstretched conditions and preceded reversals.The RSI on the S&P 500 recently fell to a level...
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The longest bull run in stock-market history is on its last legs — and a...
The longest bull run in US stock-market history is on its last legs, at least in the view of a team of technical analysts at Societe Generale.The team says Elliott Wave Principles point to a...
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