The S&P 500 sank to new 2020 intraday lows yesterday, but staged a recovery in the closing hours. That’s what has happened in both preceding sessions. Will the gains finally stick one of these days?
Let’s dive into the daily chart (...
Monica Kingsley
Monica Kingsley is a trader and financial markets analyst. Checking dozens of charts daily, she integrates their messages with economics and in-depth experience. Trade calls and writing are her cup of tea as much as studies in market histories. Having been at the financial markets when the Great Recession arrived, she experienced many bull and bear markets - be it in stocks, bonds, gold and silver. https://www.monicakingsley.co
Articles by Monica Kingsley
Bouncing off yesterday’s new 2020 intraday lows, the S&P 500 closed higher on the day. But what about today’s premarket action? The bulls didn’t add to their gains in the overnight trading. With the futures back below 2400, where next...
Going into yesterday’s trading, the S&P 500 could have shown some signs of life. After all, the pace of selling pressure looked to have abated with Friday’s encouraging reversal into the closing bell. But after a meek attempt to narrow...
Yesterday’s session in stocks was a true bloodbath that extended well into today’s overnight sessions. It offered two glimmers of hope: one very temporary that came shortly after we exited our tremendously profitable short position, and...
If you think that yesterday’s session in stocks was a bloodbath, don’t look at today’s overnight trading. It would be an understatement to say that the markets didn’t buy into stimulus package contours or the 30-day Europe flights ban....
After Monday’s plunge, stocks staged a rebound on Trump’s stimulus promises. While the bulls closed higher than the market opened on Monday, was it a resounding show of their strength?
Let’s jump right into the daily chart to find out (...
Let’s jump right into the daily chart to find out (...
Stocks opened on a strong note yesterday, and the bulls have been adding to their gains throughout the day. Forcing a close above the nearest resistance, does it mark the end of selling? In other words, have we seen a lasting turnaround...
During the first half of yesterday’s session, the bulls were in the driving seat after repelling sellers at the open. Yet again, their gains have evaporated, and stocks not only broke to new lows, but also closed there. Will today’s...
After yet another bout of heavy selling on Friday, the bulls stepped in well before the day was over. Cheered by Fed assurances of being ready to support the economy, did they see the light at the end of the tunnel? Global markets are...
The bulls didn’t really get their act together yesterday, and the early gains evaporated a few hours into the session. As stocks closed near their daily lows, what chances of invalidating Tuesday’s breakdown below the important support do...
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