How The S&P 500 Fared During The Last Shutdown Talks?

The last U.S. government shutdown happened in October 2013. Then the federal government shutdown lasted for sixteen days from October 1st to October 17th. Here is the time line for it. The U.S. House of Representative was controlled by Republicans, the Senate by Democrats and Obama was president. The point of contention was Affordable Care Act (ACA) or the…

S&P 500 Nearing The Upper Limit of Regression Channel

The 65 Thousand Feet View Last Update on Tuesday January 2, 2018 The S&P 500 is marching, with nary a worry, to the beats of technical patterns. It is approaching the upper limit of a regression channel (78 months and 0.5 standard deviation) on monthly chart (see Fig. C). From February to September 2017, the index  moved up along the linear…

Market Persists With Upward Bias

U.S. Major Indices The week of September 18, 2017 was mostly a positive week for the U.S. equity markets. NASDAQ Composite declined but other major indices advanced. Four S&P 500 sectors – Energy, Materials, Industrials and Finance – also advanced. S&P 500 and Dow Jones Industrial Average have been up for six months and had…

Monthly Bias In Equity Markets

An analysis of daily price change since 1973 tells us that there are some certain seasonal biases in the market. Major U.S. indices show a greater probability of advancing in some months as compared to others. There are many reasons for seasonal or monthly bias in equity market. We will review some of them in future posts. The…

Is It The Much Awaited Reversal?

One Day Reversal Candlestick With Bearish Divergence Major U.S. indices closed down on Tuesday August 8 2017 after S&P 500, Dow Jones Industrial Average, NYSE Composite and Wilshire 5000 Total Market Index made all time intra-day highs. They also closed in the lower half of the day’s range. This does constitute as one-day reversal candlestick…

Equities Doing Better Than Other Asset Classes

The intermarket analysis says that it is still better to be invested in equities and bonds than in commodities and U.S. dollar. Equites and Bonds are Rising The 30-year U.S. Treasury Bonds, $USB, declined from July 2016 to March 2017 (First Panel Chart 1). It made double bottom near 147.00-146.00 level in December 2016 and…