Dow Jones 30 Technical Analysis The Dow Jones 30 has fallen a bit to reach toward the 47,150 level. I think at this point, 47,000 is an area where a lot of people might be interested in getting long again. If we turn around and rally, then it opens up the possibility of a move…
Quantum computing stocks popped after reports the Trump administration is eyeing equity stakes. IonQ and Rigetti gained double digits, as traders chased the federal tailwind. Meanwhile, energy stocks climbed with crude, helped by fresh sanctions on Russia. Can the rally hold without stronger data support? With no major economic reports hitting the wires — thanks…
A long-term red-dotted trendline, converging near the $17 region, also acts as a significant support zone where the stock may find a long-term bottom. As the price has recently tested the $60 region, a strong correction has emerged around the 61.8% retracement zone. Given this setup, investors can consider buying the stock within the $30…
Daily E-mini Dow Jones Industrial AverageThe Dow E-mini last traded at 44,951. Resistance sits at 45,234, 45,885, and 46,326. Support rests at 44,423 and 43,973, with the 200-day at 43,596 and 50-day at 43,567.6. Outlook Momentum remains bullish into the final session of the week, with equities extending gains on strong earnings and supportive trade…
Wednesday saw the S&P 500 and Dow close higher by 0.6% and 0.5%, respectively, with the Nasdaq gaining 0.9% to close at a record high, driven by strong AI momentum. Nvidia rose nearly 2%, briefly touching a $4 trillion market cap, while Palantir added 2.5%. Boeing (+3.7%) and Caterpillar (+2%) led industrial gains, lifting the…
There is a gap underneath that had been filled. So, we’ll watch, but a move below 41,000 could send this market much lower. More likely than not though, we have more sideways back and forth range bound action, with the 43,000 level offering a bit of a ceiling. S&P 500 Technical Analysis The S&P 500…