The S&P 500 index has reached new record high above the 3,000 mark on Wednesday, before closing slightly below the last week’s local high. Will the uptrend continue? Or is this some topping pattern ahead of a downward reversal?
The...
Paul Rejczak
Paul Rejczak is a stock market strategist, who has been known for quality of his technical and fundamental analysis since the late nineties. He is interested in forecasting market behavior based on both traditional and innovative methods of technical analysis. Paul has made his name by developing mechanical trading systems. Paul is the author of Sunshine Profits’ premium service for stock traders: Stock Trading Alerts.
Articles by Paul Rejczak
Stocks were mixed on Wednesday, as investors hesitated following Tuesday’s decline. The S&P 500 index reached the new record high of 2,964.15 on Friday. Then it broke below the 2,950 mark and it retraced most of the recent rally. So...
The broad stock market extended its bull market on Friday, as the S&P 500 index reached the new record high of 2,964.15. But it reversed its intraday upward course and closed slightly below the Thursday’s closing price. So was it a...
Stocks continued to fluctuate on Friday, as investors awaited this week’s Wednesday’s Fed Rate Decision release. The S&P 500 index reached the new local high on Tuesday and then it came back below the 2,900 mark. So was it a downward...
Wednesday’s trading session was slightly bearish, as investors took more short-term profits off the table following the recent advances. However, the daily trading range was very narrow. The S&P 500 index reached the new local high on...
Stocks extended their short-term run-up on Wednesday, as investors’ sentiment further improved following Tuesday’s rally. The S&P 500 index got closer to its late May local highs. Is this a new uptrend or just an upward correction?...
Friday’s trading session was bearish, as the broad stock market broke below its Wednesday’s daily low following the ongoing trade war fears. The S&P 500 index fell the lowest since March the 11th and it got close to the 1,750 mark....
Stocks extended their short-term downtrend on Wednesday, as investors’ sentiment worsened following the trade war fears again. The S&P500 index fell below its mid-May local low after breaking below the 2,800 mark. Will the downtrend...
Stocks traded within a short-term consolidation yesterday following their Tuesday’s rebound. The S&P 500 index remains close to the 2,850 mark. Will it break below the recent local lows? Or is this just another bottoming pattern before...
Stocks were mixed on Wednesday, as investors hesitated following the recent decline. The S&P 500 index remained below the 2,900 mark. On Tuesday it was the lowest since the early April. Is this still just a downward correction or a new...
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