Market Diary

c AMD- December 2024 Current Price Trends and Short-Term Analysis Hourly Chart (Short-Term) The short-term trend for AMD on the hourly chart is currently down , indicating some immediate bearish momentum. However, there are early signs of a turnaround as the price edges up from $132 toward the $145 level. Significant resistance exists at $145 , which will act as a crucial test for further upward momentum. Until AMD decisively breaks this level, the price action is likely to remain choppy and sideways . Immediate-Term Outlook In the immediate term, AMD appears to be stabilizing and attempting to shift upward. The current price action suggests that the stock may oscillate within the range of $132 to $145 in the short term, building a base for a potential breakout. Key resistance levels are $145, $150, and $155. Medium-Term (Three-Month Daily Chart) Trend Overview On the three-month daily chart, AMD exhibit...

Weekly Market Review - Week of September 29, 2024 Weekly Market Review - Week of September 29, 2024 Market Overview The market for the week of September 29, 2024, shows an uptrend across major indices including the S&P 500, Nasdaq, and Russell. Short-term (hourly and daily) trends are up, with prices hovering around the mean. However, there are signs of exhaustion, particularly in the S&P 500, where key indicators suggest the potential for a pullback next week. Price Action and Trends Last week's price action indicated a slowdown, and the S&P 500 is showing signs of exhaustion. Indicators like the MACD (Moving Average Convergence Divergence) are slowing down, suggesting that the price action may experience a choppy downturn. The Fast Day Trading System (FDTS) is signaling a closer breakdown, which indicates potential volatility in the coming days. While the short-term trends remain up, the m...

July 2024 Monthly and First Week of August Market Review July 2024 Monthly and First Week of August Market Review Monthly Performance Overview S&P 500 July 2024 was a positive month for the S&P 500, with the index closing up 61 points. Although this was the least performing month for the S&P 500 this year, the index managed to maintain its upward momentum. The best day for the S&P 500 was on July 31st, which saw an impressive gain of 85.86 points, ultimately saving the index's performance for the month. Dow Jones The Dow Jones had its best month of the year, surging 1723 points in July. This remarkable performance underscores the strength of blue-chip stocks, which outperformed other indices during the month. Nasdaq In contrast, the Nasdaq struggled in July, losing 133 points. This marks Nasdaq as the worst-performing major index for the month. The technology sector faced headwinds that dampe...

Weekly Market Review: July 22-26, 2024 Weekly Market Review: July 22-26, 2024 Introduction The week of July 22-26, 2024, was characterized by mixed performances across major indices, highlighting the market's fluctuating nature. While the Dow Jones and Russell 2000 managed to post gains, the Nasdaq and S&P 500 faced declines. This analysis will delve into the week’s price movements, market trends, breadth, correlations, and provide a forecast for the upcoming week. Price Movements Key Indices Performance Dow Jones : Up 301 points Nasdaq : Down 369 points Russell 2000 : Up 75 points S&P 500 (SPX) : Down 45 points The mixed results indicate a week of partial gains and losses, with the Dow Jones and Russell 2000 showing strength, while the Nasdaq and S&P 500 struggled. Exhaustion Indicators S&P 500 : The price is currently at the second st...

Weekly Market Review: Week of July 7-13, 2024 Weekly Market Review: Week of July 7-13, 2024 Overview The week of July 7-13, 2024, saw positive movements across the major indices, with the Russell 2000 emerging as the standout performer. Here’s a breakdown of the weekly performance: Dow Jones : Up 625 points Nasdaq : Up 45 points Russell 2000 : Up 121 points S&P 500 (SPX) : Up 48 points The Russell 2000 showed significant strength, doubling its performance from the same week last year, moving up by 121 points compared to 62 points last year. This indicates a notable market rotation towards small-cap stocks, moving away from the high-tech or large-cap stocks primarily seen in the Nasdaq. Market Trends Index Trends S&P 500 and Nasdaq : The trends are consistently upward, from hourly to monthly charts. Russell 2000 : Although the daily tre...

Daily Market Report - July 11, 2024 Daily Market Report: July 11, 2024 Today’s market breadth showed significant divergence despite the major indices experiencing a sell-off. The S&P 500 (SPX) fell by 49 points, and the Nasdaq (NDX) dropped by 464 points. In contrast, the Russell 2000 (RUT) rose by 73 points, indicating inverse behavior. Market Breadth Analysis Throughout the day, the majority of tick levels were positive, with numerous upticks surpassing +1,000, and very few downticks hitting -1,000. This suggests strong underlying buying pressure despite the overall negative performance of high-cap stocks. High-Cap Stock Performance High-cap technology stocks such as Apple, Microsoft, Tesla, Nvidia, Netflix, Amazon, Meta, Airbnb, and Adobe all saw declines. This sell-off in major tech stocks dragged the indices down significantly. S&P 500 Equal Weight Index (RSP) The RSP, which equal...

Weekly Market Review: Closing the First Week of July 2024 Weekly Market Review: Closing the First Week of July 2024 Weekly Analysis: Week of July 1-5, 2024 This past week, the stock market had a short trading week due to the July 4th holiday. With only three and a half days of trading, the S&P 500 showed impressive gains, closing up 106 points. The Nasdaq also performed well, gaining 620 points, while the Russell 2000 fell by 21 points, indicating that small-cap stocks are not performing as well as their larger counterparts. Key Indices Performance S&P 500 : Up 106 points Nasdaq : Up 620 points Russell 2000 : Down 21 points The high market cap stocks in the S&P 500 and Nasdaq drove these indices upwards. In contrast, the equally weighted S&P 500 (RSP) is downtrending, showing that smaller market cap stocks are not performing as well. Market Correlati...

Monthly, Weekly, and Daily Market Analysis: June 29, 2024 Monthly, Weekly, and Daily Market Analysis: June 29, 2024 Monthly Analysis: June 2024 As we close the month of June 2024, the stock market has shown a mixed performance. The S&P 500 increased by 182.96 points, indicating a strong month for large-cap stocks. The Nasdaq surged by 997 points, reflecting robust gains in the technology sector. However, the Russell 2000, which represents small-cap stocks, declined by 22.44 points, indicating a slowdown in mid-cap and small-cap stocks. The equally weighted S&P 500 (RSP) remained sideways to down throughout the month, forming a short-term bear flag. Weekly Analysis: Week of June 24-28, 2024 On a weekly basis, the market displayed a muted performance. The S&P 500 fell by 4 points, showing little movement. The Russell 2000, on the other hand, gained 25 points, suggesting a slight pickup in small-c...

Monthly Analysis: May 2024 May 2024 turned out to be an exceptionally strong month for the markets. Historically known for its volatility, May defied expectations this year: Dow Jones : Up 870 points Nasdaq : Up 1077 points Russell 2000 : Up 96 points S&P 500 (SPX) : Up 241 points In summary, four of the last five months have seen upward trends, with only April experiencing a downturn. Weekly Analysis: Last Week of May; 22nd Week of 2024 The past week marked the end of a five-week winning streak. Here's a closer look at the weekly performance: Dow Jones : Down 383 points Nasdaq : Down 186 points Russell 2000 : Barely up 0.5 points, forming a doji pattern S&P 500 (SPX) : Down 27 points The week saw a mixed performance, with most indices facing a downturn. Friday, however, witnessed a slight recover...

Weekly Market Review: Bulls Charge Ahead as Bears Retreat on the Golf Course Weekly Market Review: Bulls Charge Ahead as Bears Retreat on the Golf Course Setup: The Opening Drive Last week on the financial market golf course, it was a hefty and grinding round. The bulls and bears battled through a slow week, characterized by low participation ahead of the upcoming long weekend. The Dow Jones Industrial Average took a significant hit, losing 934 points, while the Nasdaq showed resilience, climbing 235 points. The Russell 2000 edged down by 26 points, and the S&P 500 (SPX) barely made a move, gaining just 1 point, ending the week in a doji candlestick formation. From March onwards, the volume has been consistently slowing down, and market participants lack confidence in the upward movement of the price action. Despite low volume, prices have been rising, driven by a bid-ask process where b...

Weekly Market Review: Bullish Momentum and Historical Context Weekly Market Review: Bullish Momentum and Historical Context Market Overview As we close the 20th week of 2024 in May, the stock market has showcased a remarkable bullish trend over the past three weeks. This period has seen the bulls decisively outpace the bears, driving major indices to new heights: Dow Jones Industrial Average: Up by 490 points, crossing the historic 40,000 mark. Nasdaq (NDX): Increased by 345 points. Russell 2000: Added 35 points. S&P 500 (SPX): Rose by 80 points. This bullish momentum indicates strong investor confidence and a significant shift in market sentiment. Despite a few dips, the overall trend remains positive, with substantial buying activity observed even during sell-offs. Technical Analysis: Trends and ...