Then It's $35 per month or $300 per year!
The Most Recent Headlines:
- Mid-Day 8.30 - Pressure Is Building
- Why Twitter's Stock May Jump Over $45
- Here's Why The Long-Awaited Break Out May Finally Happen
- Caution Is Needed
- Mid-Day 8.28 - Not Out Of The Woods Yet
- It Is Time For Stocks To Sink Or Swim
- Mid-Day Update For August 27
- AT&T: The Trend Is Your Friend
7 Stock Market Predictions For the week of September 3 -
Stock Mentions: SPY, QCOM, TWTR, T, PG, INTC, ORCL
S&P 500 (SPY)
The last day of August was disappointing because the S&P 500 couldn't hold the significant gains from the start of the day. However, despite the less than inspiring finish, there are perhaps a few positives to build off of when trading resumes on September 3.
First, the index has been stuck between the 200 and 50-day moving average since the beginning of August. The 200-day moving average is acting as an area of support, while the 50-day moving average is acting as resistance.
Additionally, we can see the RSI continues to trend higher.
The number of stocks above the 50day moving average has been climbing, as is the number of equities above the 200-day moving average. A sign that the bullish momentum is taking hold across most stocks.
Also, the advance-decline line has nearly returned to a record high and is now diverging from the broader index, suggesting a bullish stance.
In all, it would suggest improving internals for the S&p 500 at least over the short-to-medium term.
However, it is not a good sign the market has stalled out multiple times around that 2935 region. That is why yesterday held so much promise and why the indexes inability to break out could be viewed as such a disappointment.
We will wait and see, but at the moment I am optimistic based on some of the internals.
Qualcomm has had a good run and has recently risen above $76 and could be heading to in its next level of resistance at $82.
Twitter has also been having a nice run, and it appears to be heading higher too. Also, I recently witnessed a lot of call buying. Why Twitter's Stock May Jump Over $45
AT&T continues its trend higher and is likely heading over $36. Again lots of call activity AT&T: The Trend Is Your Friend
I think Procter and Gamble may be heading lower, especially if the staples hot August soon comes to an end. Plus there has been a great deal of put activity. P&G Stock May Be Overdue For A Drop
Intel has been moving higher, and if it can clear $47.70, it would establish a double bottom and the potential for an increase to around $49.
Oracle has found support at $51.80, but now could be heading towards $48.60.
Have a great Saturday and the last day of August
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