Crucial Insights for Today’s U.S. Trading Session As we approach the end of 2023, investors might contemplate staying on the sidelines given recent market fluctuations and the lofty expectations associated with the elusive Santa Rally. Nevertheless, the outlook seems positive for the upcoming Tuesday trading session in this abbreviated week....
The market’s favorable prospects extend into the initial days of January, marking this period—from the end of Christmas to the first two trading sessions of the new year—as the Santa Claus Rally with strong statistical support, as defined by the Stock Trader’s Almanac. Out of 127 instances since the inception...
Pete Biebel from Benjamin F. Edwards suggests that a portion of Santa’s generosity may have already been distributed, indicating a potential early start to the anticipated Santa Claus rally on Wall Street. This traditional rally is characterized by the stock market‘s tendency to ascend during the final five trading days...
U.S. stocks were facing the potential for a technical pullback following a swift rally from October lows. However, the sudden downturn on Wall Street this Wednesday has led traders and analysts to consider whether more challenges lie ahead. Examining numerous charts, Mark Arbeter, President of Arbeter Investments and a technical...
The stock market‘s streak of nine consecutive days of gains abruptly halted on Wednesday, just before the holiday break. The prevailing speculation attributes this interruption to the excessive bullish momentum driven by the recent pivot of the Federal Reserve, coupled with uncertainty surrounding the anticipated number of interest rate cuts...
A pair of ‘doji’ formations has surfaced on the S&P 500’s candlestick charts, indicating the potential for a significant market move, although the direction remains uncertain. Despite a notable surge, signs of bearish sentiment are emerging in a key U.S. index. The S&P 500 is poised within 2% of its...
