S&P 500 Cons Disc Mar '21 (BIH21)
S&P 500 Cons Disc Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.77%, the Dow Jones Industrials Index ($DOWI) closed up +0.89%, and the Nasdaq 100 Index ($IUXX) closed up +0.63%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500 and Dow Jones Industrials at new record highs and the Nasdaq 100 at a 7-week high. Stocks rallied Friday on economic optimism despite inflation concerns and higher T-note yields. Comments from Fed Vice Chair Clarida on Friday reassured markets that Fed policy would remain supportive.
Strength in healthcare stocks on Friday helped push the S&P 500 to a new record high on speculation the Biden administration will extend the public health emergency through 2021. Cigna (CI) and UnitedHealth Group (UNH) closed up more than +3% on Friday. A +3% gain in Honeywell International (HON) on Friday helped the Dow Jones industrials climb to a new all-time high after Deutsche Bank late Thursday raised its recommendation on Honeywell to Buy... Read more
- Weekly Newsletter #1046 Commitment of Traders Report PDF., ES Market Review & Trading Levels 4.10.2021
Weekly Newsletter #1046 Commitment of Traders Report PDF., ES Market Review & Trading Levels 4.10.2021
- Stocks are Heating Up
In keeping with its historical performance, April has started off white-hot. We ended March, and Q1 for that matter, with more questions than answers.
- The Curious Staircase Rally in Stocks
Another day of tiny S&P 500 gains defying gravity, boosted by overnight price action. Well, liquidity overpowering junk corporate bonds opening with a...
- Emini SP Market Profile Analysis
We present our trade idea with support and resistance numbers
- Up is Up...again
Yesterday we suggested an Upside day and the markets didn't disappoint. Will this change today? Read on to learn more
- Elliott wave analysis: SP500 may produce more upside after setback to 4065
Stocks are bullish with NASDAQ100 eyeing towards ATH, so already strong SP500 is expected to stay in uptrend after intraday set-backs.