S&P 500

So here we are—stuck in an environment of uncertainty regarding the debt crisis in Europe and declining expectations at home. The S&P 500 Index is back up to 1,200 and seemingly, those trading the index are benefitting from all the volatility. Index options traders must be relishing the…

During the Federal Reserve’s Open Market Committee meeting on September 21, the Fed pulled yet another rabbit out of its hat of monetary tricks. From what increasingly appears to be an empty hat, Fed Chairman Ben Bernanke pulled out a $400-billion plan to buy long-term treasuries while selling…

I view the stock market’s recent trading action as impressive. The S&P 500 Index has clawed its way back up to the 1,200 level, which is technically significant. Just last year, the index (and others) broke down after a strong run and then recovered meaningfully. While the past…

It was not what traders were hoping for, as the second-quarter gross domestic product (GDP) came in at a meager 1.3%, well below the 1.7% estimate. And making matters worse was a downward revision in the previous first-quarter estimate to a dismal 0.4% from 1.9%. My economic analysis…

Since the financial crisis, the global equity markets have shown a solid turnaround before witnessing some sort of risk aversion during 2011, as the European problems continued to worsen. Asian equities have been the worst-performing markets year to date, whileU.S.markets ranked amongst the top performers. The year also…

There was finally some good news on Tuesday after the latest reading from the S&P/Case-Shiller Home Price Index of 20 major metropolitan areas in the United States showed a bounce from the recent lows. In March, the housing market had fallen to a double-dip recession. The April reading…

The S&P 500 Index is inching its way back up to the 1,300 level, and this makes me feel a whole lot better about the health of the equity market. Recent trading action in both stocks and commodities suggests to me that we did in fact experience a…

A month ago, I expressed my concerns with the S&P chart and thought stocks were set for additional weakness. My investment advice was to be careful and not to chase stocks. Even after the one-day surge last Tuesday, I thought it was largely due to an extreme oversold…

The six-day losing streak finally came to an end on Thursday, but I sense that the buying was likely more to do with oversold buying than a change in market sentiment. The charts continue to show fragility and exhaustion, with the near-term view being bearish on weak Relative…

The S&P 500 eyed key chart support at 1,130 on September 28, but managed to hold at 1,132. That was a key development, as the index broke above a key chart marker at 1,150 last Thursday and is looking to close above for the first time since May…

The S&P 500 retrenched below a chart top at 1,225 to 1,130 last Thursday, but managed to bounce back on Friday. The DOW and NASDAQ are managing to hold just above their chart tops. Markets are trading at a critical juncture. Should the chart tops be broken, we…

Markets continue to be on fragile ground and this should not be a surprise given that the key stock indices were unable to break or hold above some topping resistance on the charts. The failure to break higher was a red flag and a signal of further potential…

At this point of the market correction, I hope you are not one of those investors or traders who were caught by surprise as a result of the recent market backlash. The reason why I want to briefly talk about risk management is my sense that there are…

— "Calling the Trend" Column, by George Leong, B. Comm. In 2009, the small-cap Russell 2000 gained 25.22%, which was ahead of the larger-cap DOW and S&P 500. So far, nearly three months into 2010, small-cap stocks are leading the broader market, with the Russell 2000 up 3.52%…

— "Calling the Trend" Column, by George Leong, B. Comm. The rally continues to proceed after another strong up day for stocks on Monday. The DOW closed above 10,400, while the S&P 500 is above 1,100. The major market indices have closed higher in eight of the lastnine…

It looks to me that this is the end of the dead cat bounce and the beginning of a new downward trend for the broader market. The economic data that have coming out aren't very good and the layoff notices are really piling up. Really, the Bank of…

It was a stinker last week -- stock markets failed to hold at the recent multi-year lows and, in the process, established another new set of lows. This pattern of lower lows and highs clearly indicates the downward trend stocks are in. Major stock indices fell to new…