The U.S. stock market is calm. I dare to say that it’s suspiciously calm. But is this the calm before the storm?
That means during regular trading hours, the S&P 500 did nothing more than digest overnight gains, and actually gave back more than 10 points. The purple lines below outline those period of contraction . Twice before — in January and October 2018 — the VIX jolted out of its wedge. As the dashed red lines show, this caused severe losses for the S&P 500.
It’s said that if something is too obvious, it’s obviously wrong, but this pattern is also too obvious to ignore. Instead of spiking above the red trend line resistance, the S&P 500 has been climbing up the trend line like it’s clipped to a zip line. The result is the same: The S&P 500 is nearing the open gap.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ready to explode!!
Not a reason to short, but a reason to be in cash, or to buy 6m puts to hedge
Presume you know the market is closed today.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pot stocks are soaring and the cannabis industry is poised for 'tons of growth'April 20 has become the unofficial holiday for marijuana users. So now's a good time to look at the red hot sector. Cannabis stocks are soaring as the business goes legit. Who knew that pot would cause both stocks and people to be high. We help close first thing to don’t meet the app page Weed grows like weeds
Source: CNN - 🏆 4. / 95 Read more »
Cramer: Overvalued stocks like Pinterest, Zoom could lead to a market peak'The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot,' Jim Cramer says. Is Cramer advocating investors to Abandon their positions in existing equities? blaha blah blah. 2 weeks ago he said Lyft IPO would be the end of the bull run.
Source: CNBC - 🏆 12. / 72 Read more »
Indicators suggest stocks will hit 'substantial new highs' this earnings season, Jeff Saut saysRaymond James' Jeff Saut says the bull market has at least another five years of life in it, even though 'nobody believes it.'
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: Blackstone, American Express, Honeywell & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »
The last time semis stocks did this they dropped 14%Semis are on fire, but that spike has taken the chips to their most overbought levels since January 2018. Are the chips setting up for a fall?
Source: CNBC - 🏆 12. / 72 Read more »
Cannabis stocks rally as Canopy secures future foothold in the U.S.Cannabis stocks rallied on Thursday, boosted by the news that the biggest company in the sector by market cap has bought the rights to acquire a U.S....
Source: MarketWatch - 🏆 3. / 97 Read more »