Stocks Week Ahead: Tech Earnings, Key Data Pose Stern Test Amid Bearish Patterns

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 47 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

Nasdaq 100 Nouvelles

S&P 500,United States 10-Year,The Technology Select Sector SPDR® Fund

Market Overview Analysis by Michael Kramer covering: Nasdaq 100, S&P 500, United States 10-Year, The Technology Select Sector SPDR® Fund. Read Michael Kramer's latest article on Investing.com

It will be a big week for earnings and economic data, likely setting the tone for the coming weeks. It feels like something has fundamentally shifted in this market, which appears to be churning at the top.Additionally, several bearish patterns have emerged in the S&P 500 over the past few weeks.A rising wedge pattern on the weekly chart and a declining RSI trend on the same timeframe are also bearish signals.

A higher-than-expected price index would significantly affect nominal growth and could impact rates. I guess the analysts’ estimates for the price index are too low and may come in higher than the 2% estimate.is expected to remain unchanged. Given the history of revisions in these reports, it’s hard to say what the final numbers will show.

There are 2.8 job openings for every entrant into the labor force—down from 3.0 openings in 2018, 2019, and early 2020 . Since JOLTS job openings dropped below 9 million, we’ve seen an increase in entrants. We may have reached a point where there aren’t enough job openings to absorb all new entrants every month. We’ll find out more when the job report is released on Friday.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

9 Charts Showing Stocks Poised for Deeper Pullback as Key Indexes Break TrendlinesStocks Analysis by Michael Kramer covering: Gold Spot US Dollar, DAX, Nikkei 225, NVIDIA Corporation. Read Michael Kramer's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

5 Critical Charts Indicating the Stock Market Correction Could Have Room to RunStocks Analysis by Michael Kramer covering: Nasdaq 100, S&P 500, Apple Inc, NVIDIA Corporation. Read Michael Kramer's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

8 Charts Suggesting Stock Market Pullback Could Deepen in the Near-TermStocks Analysis by Michael Kramer covering: US Dollar Canadian Dollar, Nasdaq 100, S&P 500, Adobe Systems Incorporated. Read Michael Kramer's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »