S&P 500 E-Mini Cash (ESY00)
S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed down -0.90%, the Dow Jones Industrials Index ($DOWI) closed down -0.58%, and the Nasdaq 100 Index ($IUXX) closed down -0.82%.
U.S. stock indexes sold off fairly sharply on Friday with the S&P 500 and Nasdaq 100 Index at 1-week lows and the Dow Jones Industrials at a 1-1/2 week low as concern about the spread of the deadly Chinese coronavirus sparked long liquidation in stocks.
Concern grew on Friday about China's coronavirus and its negative impact on economic growth. France on Friday reported the first 2 cases of the virus in Europe and the U.S. reported that 2 more people were infected by the virus. There are more than 900 cases of the virus reported thus far with 26 deaths. There are fears that the virus will continue to spread as hundreds of millions of Chinese travel across the country and globally for the New Year holiday that began Friday. The Chinese stock markets were closed Friday and will not reopen until next Friday... Read more
- The Wuhan Wipeout, Could It Happen?
In the meantime, watch your investments. Protect your assets. Prepare for the storm.
- S&P500 may start an uptrend above 3252 to 3291
The downtrend may be expected to continue in case the market drops below support level 3237.25, which will be followed by reaching support level 3220.25...
- Sorry About That!
I was in the, "wilds of Montana" and without...
- Next Major Move in Financial Markets Will Be Dictated by WHO Decision
WHO decision should trigger a volatile response in financial markets and is likely to determine the direction of global stock markets over the near-term....
- Finally - Direction...
On Friday the markets finally gave us trend and direction, although the direction wasn't what most traders want. Will this continue today? Read on...
- Lean Hog Trade Idea
Lean Hogs are one of my favorite trades if you want to get some action out of a Spread Trade.