The US stock market

[ilearn2t]

Hello Everyone

The stock market is firing on all-cylinders again as Russell 2000 index hit a new high of 1,187.82, topping its previous all-time record of 1,182.04 reached in mid-January, as Nasdaq jumped to another 13-year high, now all eyes turn to S&P 500 as it sits near its all-time high.

S&P 500 ETF Top Movers:

RETL 71.42 +4.18 +6.22%
URA 18.08 +0.80 +4.62%
TAN 46.42 +1.86 +4.17%
LIT 13.32 +0.31 +2.38%
QCLN 20.77 +0.36 +1.76%

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

S&P 500 failed for the third day running to close at an all-time "Closing Bell" High. Opening the day in Green it moved to a High 1,852.65 before tailing off late in the day falling to a Low 1,840.66 ending the day at 1,845.17

Dow after getting off to a good upward trend dropped to a Low 16,155.86 before heading up again to post a High 16,252.35 before another sell off closing at 16198.41

Nasdaq followed the same path as SPX touching a High 4,316.82 then a Low 4,278.54 before closing at 4292.06

Closing bell:

The Dow Jones Global Indexes: 16,198.41 +18.75 (+0.12%).

The S&P 500 Index: Open 1,845.17 +0.04 (+0.00%).

Nasdaq Composite Index: Open 4,292.06 +4.48 (+0.1%).

Gold currently stands at 1328.95 (Open 1340.41 High 1345.25 Low 1322.21) Daily chart.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three markets continue in the "Green" on the futures market with 7 hours remaining to the"Open Bell" with the actual value of the index (Fair value) as follows.

Dow (+38.00) FV (+38.59)
S&P500 (+4.75) FV (+3.74)
NASDAQ (+13.00) FV (+11.20)

Can the SPX hit its now much talked about "close" target today or will the trades give up trying ?

My personal belief is, it must pass it all-time intraday High (1858.71) reached on Monday, to beat the record (January) all-time high of 1848.38

With China's Demand to Bolster Gold Prices in 2014 we could see is on track for its first back-to-back monthly gain since the two-month advance last August (July 1324.68 Aug 1394.60).

Current: 1325.57
Good luck
ilearn2t

 

[RahmanSL]

Love your short & sweet report my friend ....always has and always will.

Thank you very much for taking the trouble & time to do that everyday.

 

[ilearn2t]

Hello Everyone

Update on "futures" show all three now in the Red with less than 3 hours till "Open".

Dow (-45.00) FV (-44.41)
S&P500 (-4.75) FV (-5.76)
NASDAQ (-4.50) FV (-6.30)

Investors might be holding off until Fed Chair Janet Yellen testifies on the Semiannual Monetary Policy before the Senate Banking Committee, in Washington DC (3pm GMT).

Gold got near the "Open" (1333.06) of yesterdays 1H largest "Loss" bar (3pm GMT) at 1332.86 before a slight pullback (current: 1332.62)


Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

At last S&P 500 breaks its "Closing Bell" record coming off a Low (1,841.13) before reaching a High (1,854.53), but where now as it approaches uncharted water, maybe 2,000 before years end ?

NASDAQ hits 52-Week High (4,322.46) coming off a Low (4,284.78) adding a new 14 year high to its portfolio. That same year on 10/March/2000, it finally peaked at an intraday high of 5,132.52, and closed at an all-time high of 5,048.62. The decline from this peak signaled the beginning of the dot-com bubble burst, it declined to half its value within a year, and finally hit the bottom on 10/Oct/2002, with an intraday touching a Low (1,108.49).

Like the other two indexes the Dow moved off an early trading Low (16,159.81) to post a High (16,276.28) as it peacefully moves along while records seem to be recorded on a daily bases by the others.

The Dow Jones Global Indexes: 16,272.71 +74.30 (+0.46%) on the day.

The S&P 500 Index: 1,854.31 +9.15 (+0.5%) on the day.

Nasdaq Composite Index: 4318.93 +26.87 (+0.63%) on the day.

Gold (1330.55) sits above the "Close" (1328.70) 01/09/2013 that singled a 4 month downtrend, next target looks like (1394.60) last uptrend "Close" before the fall.

Good luck
ilearn2t

 

[RahmanSL]

Yes, I also think both gold & silver is on the down trend.....but have to watch the 4 key US data and FOMCA Stein speech and hope there will be no major "surprises"

 

[ilearn2t]

Hello Everyone

With just over 4 hours to the "Opening Bells" early pre-market show all 3 players in the red:

Dow (-19.00) FV (-5.65)
S&P500 (-2.75) FV (-1.19)
NASDAQ (-6.00) FV (-3.30)

There will be several speakers from the US Federal Reserve today, Charles Evans, Narayana Kocherlakota, Charles Plosser & Jeremy Stein (15:15 UK), these all some on the back of yesterdays speech by Federal Reserve chairwoman Janet Yellen strengthening confidence that the central bank will react if the outlook for economic growth worsens.

Gold moves slightly above its 4 month "High" (1327.31) "Current" (1328.13)

Add to the mix, the usual "Friday" high impact economic reports (5 in total) today might be an up and down one, or in the US Stocks down then up one.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

In earlier trading the S&P 500 moves above its 52-Week High set on (24/Feb/14) (1,858.71) as it breaks past the 1.860 mark, Nasdaq quickly followed S&P week high by posting a its own 52-Week High last seen on the (27/Feb/14), only the Dow lags behind by over 280 points since last 52-Week High (31/Dec/13) (16,588.25), as Pending Home Sales Hold Steady in January.

Gold shows below its "Open" (1331.09) at 1326.75.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

U.S. stocks climbed on Friday, with the S&P 500 breaking another intraday record at (1,867.92), as it pushes further into record territory, after the consumer sentiment in February came in just above expectations and as earlier reported existing-home sales held steady in January, Nasdaq touched (4,342.59), while the Dow pushed up to a "Today" High 16,397.71 coming off an earlier Low (16,258.33) at it starts to look for its own record highs.

Gold remains on the downside today: Current price (1321.16) but still remains on course to finish on the uptrend for the second month running.


Good luck
ilearn2t