Goldman Sachs has raised its year-end S&P 500 target to 5,200 ahead of Nvidia Corp.’s pivotal earnings this week. The forecast largely relies on the sustained profitability of Big Tech. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, the upgraded 2024 EPS forecast of $241 (8% growth)...
The strategist emphasizes that whether the economy avoids recession holds greater importance than the number of rate cuts. Recent market fluctuations, characterized by sharp declines followed by rapid rebounds, prompt analysis into the underlying drivers of the ongoing bull market, which has propelled the S&P 500 and Dow industrials to...
Hello, Traders! As we kick off this Friday, February 16th, I wanted to share some valuable insights on how to leverage price action signals in the market. But before we delve into that, a friendly reminder: Monday is President’s Day, granting us all a delightful 3-day weekend! If you’re subscribed...
Futures indicate the S&P 500 could hit another record high by Friday’s close, driven by the tech sector’s potential for a third straight day of gains and anticipation of fresh economic data. Here’s a snapshot of current stock-index futures: On Thursday, the S&P 500 surpassed its previous record close, reaching...
Wednesday witnessed a relaxation in the VIX, commonly referred to as the stock market’s ‘fear gauge,’ following its surge on Tuesday in response to higher-than-expected inflation figures. Despite this spike in volatility, U.S. stocks might maintain their upward momentum before the Federal Reserve’s anticipated initial interest rate cut, according to...
Greetings, traders! Today, we embark on a journey into the intricacies of customizing your NinjaTrader chart setups. Whether you’re a seasoned professional or just beginning your trading voyage, understanding how to fine-tune your charts can significantly elevate your trading experience. Join us as we delve into various techniques aimed at...
