S&P500

Trade Of The Week: Nvidia headed for $1000 milestone?

Mon, 20 May 2024 09:17:58 +0000

Trade Of The Week: Nvidia headed for $1000 milestone? Lukman.Otunuga… Mon, 05/20/2024 - 12:17

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In case you missed the memo, Nvidia is set to announce its latest earnings this week! Investors will be looking for another round of stellar results to justify its whooping $2.3 trillion valuation.

SPX500_m bulls eye key resistance level

Thu, 16 Nov 2023 11:14:28 +0000

SPX500_m up 2% so far this week

Incoming US data and Fed speeches could trigger volatility

Prices firmly bullish on D1 timeframe but RSI overbought

Key resistance level found at 4525

Possible breakout on horizon

The SPX500_m has gained 2% so Read More

Trade Of The Week: What Next For SPX500_m?

Mon, 17 Jul 2023 10:22:55 +0000

Trade Of The Week: What Next For SPX500_m? Lukman.Otunuga… Mon, 07/17/2023 - 13:22

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The S&P 500 has gained roughly 17% year-to-date, fuelled by the AI mania that magnetized investors toward a handful of big tech names.

Week Ahead: SPX500_m set for rollercoaster ride

Fri, 07 Jul 2023 09:10:30 +0000

Even as markets turn cautious ahead of the highly anticipated US jobs report later today (Friday, July 7), investors are bracing for more action in the week ahead thanks to another round of risk events.

It’s all about the incoming US inflation data, speeches from numerous Fed officials as well as earnings announcements by US banks which could inject fresh volatility into the S&P 500 over the coming week.

Monday, July Read More

STOX50 bears prowl ahead of ECB decision

Thu, 04 May 2023 09:29:26 +0000

STOX50 bears prowl ahead of ECB decision Lukman.Otunuga… Thu, 05/04/2023 - 12:29

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European shares flashed red on Thursday as investors digested the latest rate hike by the Federal Reserve (Fed) and prepared for the European Central Bank’s (ECB) policy decision later today.

Caution Prevails Ahead Of Big Tech Earnings

Tue, 25 Apr 2023 06:43:56 +0000

Caution Prevails Ahead Of Big Tech Earnings Lukman.Otunuga… Tue, 04/25/2023 - 09:43

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Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative economic and geopolitical forces.

S&P 500 Bears To Continue Their Reign?

Thu, 09 Mar 2023 10:35:56 +0000

The past few days have been rough for the S&P 500.

It has weakened roughly 1.3% since the start of the week thanks to renewed expectations around the Federal Reserve keeping interest rates higher for longer. The main culprit behind this development was none other than Federal Reserve Chair Jerome Powell who struck a hawkish tone in congressional testimony on Tuesday. According to Powell, interest rates will likely peak at a higher level Read More

Mid-Week Technical Outlook: Commodities & Indices

Wed, 08 Feb 2023 10:52:30 +0000

Mid-Week Technical Outlook: Commodities & Indices Lukman.Otunuga… Wed, 02/08/2023 - 12:52

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European markets flashed green on Wednesday, tracking gains in Wall Street overnight.

S&P 500 Respects Strong Bullish Trend

Thu, 01 Dec 2022 09:06:34 +0000

The S&P 500 was in a downtrend until a lower bottom formed on 13 October. Bulls found the price attractive at those levels and the momentum in the market started shifting.

A closer look at the Momentum Oscillator reveals positive divergence between points “a” and “b” when comparing the bottoms at 3559.0 and 3492.4. This could have alerted technical traders that the current trend might be losing steam.

After the lower bottom at 3492.4, the price of the S&P 500 broke through the weekly resistance level at 3661.5, and the bullish activity was Read More

Markets Cheer As Inflation Beast Retreats

Thu, 10 Nov 2022 14:12:56 +0000

The good news is that U.S inflation has now cooled for the fourth consecutive month.

But the bad news is that it’s still running dangerously hot for the Federal Reserve.

In a positive development for financial markets, annual inflation in the United States slowed to 7.7% in October, the lowest level since January. This figure was below the 7.9% market forecast and much lower than the 8.2% witnessed in September. Core inflation which strips out food and energy prices rose 6.3% year-on-year last month, after rising to a 40-year high of 6.6% in September. Read More