A closely-watched stock-market indicator is flashing a strong buy signal as more companies’ shares join the rally. The McClellan Summation Index, which tracks market breadth, has sharply increased, signaling more gains for the S&P 500 with near-perfect accuracy, according to Dean Christians, a senior research analyst at SentimenTrader. The McClellan...
The U.S. stock market continued its strong upward momentum on Monday, with the S&P 500 and Dow Jones Industrial Average reaching new all-time highs. According to DataTrek Research, the S&P 500 could hit 6,000 by 2024, a target that now seems realistic after the Federal Reserve began cutting interest rates....
September is typically the worst month for U.S. stocks, but 2024 is breaking that pattern. Historically, September has earned a bad reputation on Wall Street, with the S&P 500 averaging a 1.2% loss, making it the weakest month of the year, according to Dow Jones Market Data. However, this year’s...
Precision and timing are the foundation of successful day trading. Many traders struggle with issues like slippage, poor trade entries, and inefficient management, but by mastering key tools and strategies, you can avoid these pitfalls and improve your performance. One essential tool is the ATM (Automatic Trade Management) strategy. Let’s...
On Wednesday, the U.S. Federal Reserve made waves by cutting interest rates by half a percentage point. While market responded positively, whether this marks a successful move remains uncertain. David Rosenberg’s Top Picks: Long-Term Treasury Bonds, Gold, Utilities, Real Estate, Financials, and Dividend Growth Stocks “The Fed’s 50-basis-point rate cut...
In today’s trading session, we’re diving into critical market factors, including news events, the Average True Range (ATR), and practical trading strategies. Let’s explore how to interpret these elements for a successful trading day. 1. Monitoring News Events: The Backbone of Market Movements When entering a trading session, it’s essential...
