Understanding of the importance of the market and the economy will lead to profitable trades. Stay up to date with our news feeds d cheap nfl jerseys irectly TraderMongers.com! S & P 500The market increased the forecast for next season, the result of pushing the Dow above 10,000. Europeans know dispel the results of stress tests for banks and expresses some concern the euro to a six-week high against the dollar. Barron's is Yesterday the euro in a positive way mentioned, and to see a rally in the currency. The falling dollar has crude oil futures market that traders and investors have moved money moved into stocks.The US futures opened above Fibonacci moving averages (8 21 55 144) in the morning and stayed above them as it broke through yesterday's previous high and the 1050 resistance level. Breaking through two pivot levels gave a confirmation that we were in a rally.
The S&P is currently above the pivot level of 1050 however still below the 200 day moving average of 1086 on the daily chart. The NYSE Euronext indicated 6.9% decline in trading volumes compared to last year. Especially due to the low volume summer months we do not believe we will break through the January 2010 which starts around 1025 until after the November mid-term elections.
The Chicago Board Options Exchange (CBOE) Market Volatility Index (VIX) measures options activity within the market and is widely used tracking the S&P 500. A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the Treasuries, gold, and the dollar.
The Market Volatility Index is currently between 25 and 30, which usually means that traders and investors are holding their positions whether it is equities or cash especially with the uncertainty within the global economy. nfl jerseys
The markets do not have enough volume to push and stabilize the markets during the summer months and most likely stay between this range for some time. As you can see from the Volatility chart that beginning in May, traders, investors, and institutions started increasing their cash positions and stuck to the "Sell in May" philosophy.
Tomorrow the Forex markets may watch the Bank of England and the European Central Bank interest rates announcements. On the US economic front watch out for weekly jobless claims and natural gas report as well as the consumer credit numbers in the afternoon.
* Subscribe to our news feed to get updates, strategies, and equity trading lists available only on TraderMongers.com
- Technical and pivot levels for the S&P and other indices
- Alerts for 52 highs and lows as well as their respective sister stocks to watch
- Highlights on the economic calendar and trading strategies off those numbers
- Analysis of various sectors of the markets as well as sister stocks to watch
- Much more
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all
没有评论:
发表评论