S&P 500 Break Through 200 Day Moving Average

Stocks are surging on Tuesday on hopes of re-opening the country. The S&P 500 has broken through major resistance of 3000 at open, this is a significant level to continue this uptrend and possibly hinting at a longer uptrend of the market. The S&P 500 broke through another significant resistance of 200 day simple movingContinue reading “S&P 500 Break Through 200 Day Moving Average”

S&P 500 closes at highest since early March

The Dow Jones Industrial Average closed 369.04 points higher, or 1.5%, at 24,575.90. The S&P 500 advanced 1.7% to 2,971.61, its highest closing level since March 6. The Nasdaq Composite outperformed, rallying 2.1% to 9,375.78. Amazon (NASDAQ: AMZN) and Facbook (NASDAQ: FB) Hit all time highs in share price. Source: CNBC

S&P500 Bearish Close, Google to the Rescue

S&P500 Index ETF – SPY The news of the possible economy reopening had the futures pointed at over 1% gap up open, as traders know gap up = sell and gap down = buy, depending on the momentum and the news. Today the traders went full bearish after a nice 5 min gap up candle,Continue reading “S&P500 Bearish Close, Google to the Rescue”