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Weekly Market Journal: Early Signs of Buyer Interest as Indices Attempt to Stabilise (02 Apr)
S&P500 saw a convincing rebound on Tuesday with a strong close on hopes of an end to the Iran war, breaking 5 straight weeks of losses. Wednesday saw some follow through, and Thursday saw a gap down reversal, a solid sign of buyer interest. Price still sits shy of the 200 day moving average, however
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Weekly Market Journal: Indices Fail to Reclaim Key Levels as Sell Off Pick Up Pace (Mar 27)
The indices were unable to reclaim the 200-day moving average, with the broader downtrend continuing to gain momentum. The S&P 500 saw a modest bounce attempt on Monday following headlines around potential negotiations between Iran and the U.S., but the move lacked conviction and failed to reclaim any key moving averages. Price was quickly sold
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Weekly Market Journal: Nasdaq and SP500 lose 200 day moving average (Mar 21)
The sell-off continued to gain momentum this week as the S&P 500 broke below the 200-day moving average. Similar to last week, we saw an early attempt to bounce from the 200-day, but the move was shallow and short-lived. The remainder of the week trended lower, with Thursday marking the first decisive break of the
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Weekly Market Journal – Indices Fail to Hold Key Moving Averages as Selling Pressure Builds (Mar 13)
The S&P 500 follows through to the downside as market bounce was not enough to get above key moving averages (MAs). Monday saw a huge bounce to close just shy of prior long term support. As I suspected, prior long term support now seems to be acting as a resistance area as price was unable
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Weekly Market Journal: S&P 500 Breaks Range Support (Mar 06)
The S&P 500 broke its range to the downside after spending much of the week treading water around long-term support. Monday opened with a gap down driven by Iran war concerns, though the dip was quickly bought and the index finished the day near Friday’s close. Tuesday marked the first test of long-term support, which
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Weekly Market Journal: S&P 500 and Nasdaq Struggle as Selling Pressure Builds (Feb 26)
Market struggles to test resistance as selling pressure seemingly mounts. The S&P 500 began the week by breaking below the 50-day moving average and finding support at the 100-day. A brief rally attempt on Tuesday and Wednesday pushed price back above the 50-day, but the move lacked follow-through and quickly faded, with the index ultimately
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Weekly Market Journal: Range-Bound Conditions & Key Themes (Feb 21)
Choppy market conditions persist as market stays range bound. SP500 spend most of the week under the 50 day moving average before a rally attempt on Friday to finish just above. Selling pressure appears to be building as we spend more time around longer term moving averages, it appears dips are not being bought up.