The 2-year chart below compares the S&P 500 index to the US Dollar index, and one thing is clear: when one goes up, the other goes down-except that one followed […]
S&P 500 Projection – 4063
Yesterday, I did a February projection on the S&P 500 – between 3862, a 4% gain from the January close, and 3899, a 5% gain from the January close. Today, […]
S&P 500 Analysis and Forecast February 2021 – 3862.80 to 3899.95
Based on the monthly statistics since 2010, S&P 500 typically closes within +5% / – 5% of the previous month close. S&P 500 closed at 3714.23 in January. Therefore, the […]
Is It Just a Matter of Time for Stocks to Go Badly?
Technically, it does look like the time for stocks to go south is near. It is just a matter of when. From the PE perspective, the current PE is much […]
What Does This Mean? A Negative Divergence?
By definition, ‘Negative divergence’ points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals. […]