TECHNICAL ANALYSIS Major Indices Week of August 4, 2023 The Dow traded an outside week down after prices started the month of August with new highs for the drive and then swooning to settle on the bottom of the week’s range with Friday posting a bearish outside day down. S&Ps staged the worst weekly decline … Read more
TECHNICAL ANALYSIS Major Indices Week of July 21, 2023 The Dow raced to the highest levels since April of 2022 and set the highest weekly close Since 10 January 2022. The weekly chart is in an uptrend and the breakout projects to higher levels. The Dow Industrials have now closed higher for the past ten … Read more
MARKETS TODAY July 21st, 2023 (Vica Partners) Overnight/US Premarket, Asian markets finished mixed, Hong Kong’s Hang Seng gained 0.78%, Japan’s Nikkei 225 down 0.57%, China’s Shanghai Composite off 0.06%. European markets finished mixed, France’s CAC 40 up 0.65%, London’s FTSE 100 up 0.23% and Germany’s DAX lost 0.17%. S&P futures opened trading at 0.34% above … Read more
MARKETS TODAY July 20th, 2023 (Vica Partners) Overnight/US Premarket, Asian markets finished lower, Japan’s Nikkei 225 down 1.23%, China’s Shanghai Composite off 0.92%, while Hong Kong’s Hang Seng ended lower 0.13%. European markets finished higher, France’s CAC 40 gained 0.79%, London’s FTSE 100 up 0.76% and Germany’s DAX is up 0.59%. S&P futures opened trading … Read more
MARKETS TODAY July 14th, 2023 (Vica Partners) Overnight/US Premarket, Asian markets finished mixed, Hong Kong’s Hang Seng +0.33%, China’s Shanghai Composite +0.04%, Japan’s Nikkei 225 -0.09%,. European markets finished mixed, France’s CAC 40 +0.06%, Germany’s DAX -0.22%, London’s FTSE 100 -0.08%. S&P futures were trading at +0.1% above fair value. Today US Markets finished mixed, … Read more
TECHNICAL ANALYSIS NOTE: THERE WILL BE NO UPDATE NEXT WEEKEND 07/14/23 Major Indices Week of July 07, 2023 Stocks traded an inside week (Dow) and closed on the bottom of the range. The daily Dow chart hooked down with the action as prices left yet another island reversal on the daily chart as the Dow … Read more
MARKETS TODAY June 20th, 2023 (Vica Partners) Last Friday, US Markets finished lower, S&P 500 -0.37%, DOW -0.32%, Nasdaq -0.68%. 8 of 11 of the S&P 500 sectors declining: Utilities +0.53% outperforms/ Communication Services -1.00% lags. On the upside, Treasury Yields, USD Index, Bitcoin, Oil and the Bloomberg Commodity Index. In economic news, U of … Read more
MARKETS TODAY June 9th, 2023 (Vica Partners) Yesterday, US markets finished higher, S&P 500 +0.62%, DOW +0.50% and the Nasdaq +1.02%. 7 of 11 of the S&P 500 sectors advancing: Information Technology +1.20% outperforms/ Real Estate -0.62% lags. On the upside, NY FANG+, Gold, Bitcoin and the Bloomberg Commodity Index. In economic news, Initial Claims … Read more
MARKETS TODAY June 6th, 2023 (Vica Partners) Yesterday, US markets finished lower, S&P 500 -0.20%, DOW -0.59% and the Nasdaq -0.09%. 8 of 11 of the S&P 500 sectors declined: Communication Services +0.58% outperforms/ Industrials -0.71% lags. On the upside, FANG+, Gold and Brent Crude In economic news, S&P Global US Composite PMI for May … Read more
TECHNICAL ANALYSIS Major Indices Week of June 2, 2023 Stocks finished out another whipsaw week with sharp rallies in Friday’s session, carrying the S&P500 to the highest daily close since 21 April, 2022. The market set a short-term swing high in Tuesday’s minor timing and now we are in a CRITICAL window where there may … Read more