Forecasts & Analysis | Indices
S&P 500 Weekly Price Forecast – Continue to Rock Back and Forth on Rates
The S&P 500 has been all over the place during the course of the week as we continue to dance on top of an uptrend line.
Costco Wholesale Misses Earnings Estimates; Analysts Cut Target Price
Costco Wholesale Corporation, which operates a chain of membership-only big-box retail stores, reported a lower-than-expected profit in the second quarter, prompting several analysts to lower their one-year price targets.
S&P 500 Price Forecast – The Stock Market Continues to Limp Along
The S&P 500 has gone back and forth on Friday, initially reaching towards the 50 day EMA but now it seems to be focusing on the jobs number.
E-mini S&P 500 Index (ES) Futures Technical Analysis – Weakens Under 3777.50, Strengthens Over 3808.00
The direction of the E-mini S&P 500 Index on Friday will be determined by trader reaction to 3777.50 and 3808.00.
Apparel Retailer Gap Tops Q4 Earnings Estimates; Forecasts Sales Growth in 2021
San Francisco, California-based apparel retailer Gap Inc reported better-than-expected earnings in the fourth quarter and said it expects this year’s sales to reflect mid- to-high-teens growth versus last year, sending its shares up over 4% in extended trading on Wednesday.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 12418.50, Weakens Under 12068.50
The direction of the March E-mini NASDAQ-100 Index futures contract is likely to be determined by trader reaction to the main 50% level at 12418.50.
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Stronger Over 30793, Weaker Under 30355
The direction of the March E-mini Dow Jones Industrial Average on Friday will be determined by trader reaction to the 50% level at 30793.
European Equities: German Factory Orders and U.S Nonfarm Payrolls in Focus
It’s another relatively busy day ahead on the economic calendar. Stats from Germany and the U.S will be in focus as market sensitivity to yields lingers.
Can the S&P500 Reach Around 3770 Before Moving to 4000?
Monday’s detour shows the market can have many tricks up its sleeve before ultimately doing what it is “supposed to do,”
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