13.5 C
New York
Friday, April 26, 2024
HomeCharts
ChartsNews

Daily Market Commentary: Second Day of Status

By Chart School
0
70

Daily Market Commentary: Second Day of Status

Courtesy of Fallond Stock Picks

Another good day for bulls; trading which has rebuffed attempts to sell off. For the S&P there was a second day of narrow trading in the upper range of Tuesday’s gain. While 1,100 support holds there is reason for optimism.

($SPX)

via StockCharts.com

The black candlestick for the Nasdaq needs to be watched as a potential top; a gap down tomorrow would be a warning sign for a reaction top in the index.
($COMPQ)

via StockCharts.com

While the Nasdaq 100 popped over declining resistance with the 50-day MA less than 15 points overhead. On-balance-volume enjoyed a bullish cross of the trigger line in favour of accumulation. 

($NDX)

via StockCharts.com

Bulls keep things ticking over for another day. Odds favour a push higher.  

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,319FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x