Articles for: SPX

Is the US market actually poised for an upside breakout?

For the last 4 weeks, media pundits and market commentators have (rather tiredly in my opinion) prattled on about shares “getting ahead of the fundamentals” and how the market should “pull back”.

A diversified approach is important in any investment strategy. There are varying levels of diversity from Macro to Micro levels.

Moving averages (MAs) are often the first technical indicator learnt when studying technical analysis, and why not they are straight forward and help gauge where a market is in relation to its history.

Pivot points are an Indictor often used by floor traders or day traders as a quick and easy way to calculate resistance and support levels.

As a general baseline of analysis, history gives us an indication of how our markets will react at current levels.

I read a great quote over the weekend in the Astrology section of the Sunday paper. It said under my star sign that you have to measure the “freight costs of your ambition”. I thought what a great way of discussing the road to your outcomes. Like all things worthy of effort, learning to trade will have its fair share of trials and tribulations.

Markets go three ways – up – down – sideways. No need to state the obvious that recently the move has been up. The choices from here are still the same – up, down or sideways. What is more likely?