Fibonacci

That answer depends on where you stand. The markets have been very headline-driven lately. It seems as though whenever a figurehead at home or abroad speaks about bailouts, recapitalizations, etc., markets seem to swing wildly. This is not a surprise as nobody knows where to put their money...

What is Technical Analysis? Technical Analysis is a tool that many people on Wall Street utilize to profit in the stock market. It uses past price data and different indicators to predict future price movements. Behavioral economics and quantitative analysis are also included in the umbrella of...

The S&P 500 Large Cap Index ( NYSE:$SPX ) spent the day "killing time " with a session close of 1122.97 . The S&P 500 SPDRs ( SPY ) gained 0.34 points to close at 112.64 . There may still be some upside to go but we may have to wait until Monday for that event. It will probably be a "...

The S&P 500 Large Cap Index ( NYSE:$SPX ) and the ETF S&P 500 SPDRs (NYSE: SPY) continued to test new resistances in search of the Top of this Bear Market Rally. In the last session the Index stopped dead at the Fibonacci level 1125.6 . The high of 1125.64 was reached early in the session...

From 1/06/2010 to 2/05/2010 the share price of PowerShares DB Base Metals Fund ( DBB:NYSE ) dropped 6.47 points from 23.94 to 18.47 . Then, in the period 2/05/2010 to 2/19/2010 the share price retraced to 21.57. This value is a retracement Fibonacci sub-level where a reversal would occur if...

The main action in the S&P 500 Index ( $SPX ) was essentially completed in the first hour of trading. After the Open at 1100.00 the Index rose to a lower high of 1112.29. In the process the Fibonacci level 1112.24 was tested and resulted in a failure.as the Index dropped below that level and...

Morgan Stanley ( MS:NYSE ) was a leader in the minor correction that took place in the S&P 500 Index ( $SPX:NYSE ) in the last session. The stock price continued to correct until it reached 26.92 where it along with the Index reversed and continued rising to find a Resistance level. On seeing...

Throughout the night session the price of the S&P 500 E-mini ( ESHO:CME) has been oscillating like a seismograph chart . At the present time the Futures are indicating a positive open. The S&P 500 Index ($SPX:NYSE) and the ETF S&P 500 SPDRs (SPY:NYSE) have formed long legged Dojis in...