8 Sep 2020

Bears Put Foot Down Near Crucial Resistance On S&P 500 And Russell 2000, Nasdaq 100 Clinging On To Support

by | posted in: Derivatives, Equities, Technicals | 0

Bears are putting foot down. On both the S&P 500 and Russell 2000, bulls last week were unable to break through multi-year resistance, even as the Nasdaq 100 finished right on rising-channel support from March. All this followed massive gains … Continued

2 Sep 2020

Spread Between ISM Manufacturing Orders And Inventories Beginning To Signal End Of Recession – Nasdaq 100 Probably Pricing That In

by | posted in: Economy, Equities | 0

US manufacturing is coming back with a vengeance. Orders are soaring and inventories remain low, raising the odds that the recovery in manufacturing has life left in it. That said, August’s 56 is up substantially from April’s 41.5. Historically, the … Continued