S&P 500 Target: Goldman Sachs Points to Big Tech at 5,200
Goldman Sachs has revised its year-end S&P 500 target to 5,200 just ahead of Nvidia Corp.’s crucial earnings this week. The forecast hinges largely on Big Tech’s ability to maintain robust profits. David Kostin, chief U.S. equity strategist at Goldman Sachs, stated, “Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median […]
Insights for Investors: Understanding the Stock Market’s Resilience Amid Inflation Concerns
The significance of the number of rate cuts pales in comparison to whether the economy avoids recession, according to a strategist. The recent market turbulence, marked by sharp one-day declines followed by swift recoveries, prompts analysis into the driving forces behind the ongoing bull market, which has propelled the S&P 500 and Dow industrials to […]
Double Tops & Bottoms: Key to Predicting Market Moves
Today is Friday, February 16th, and I wanted to share some insights with you on how to capitalize on price action signals in the market. But before we dive into that, a quick reminder: Monday is a holiday, President’s Day, so consider this a 3-day weekend! If you’re receiving our emails, you might have noticed […]
S&P 500 Gears Up for Record Run with Focus on Producer Prices, Sentiment
U.S. equity index futures suggest the S&P 500 could reach yet another record high by Friday’s close, driven by the technology sector’s potential for a third consecutive day of gains, amidst the anticipation of fresh economic data. Here’s how stock-index futures are performing: On Thursday, the S&P 500 reached 5,029.73, surpassing its previous record close. […]
Projections and Patterns: S&P 500 Rally Expected Before Fed’s Decision
Wednesday saw a calming of the VIX, often dubbed the ‘fear gauge’ of the stock market, following its surge on Tuesday in response to higher-than-expected inflation figures. Despite this volatility spike, U.S. stocks might continue their bullish trajectory prior to the Federal Reserve’s initial interest rate decrease, suggests research from DataTrek. Although the S&P 500 […]
Customize Like a Pro: Ninja Trader Chart Essentials
Welcome, traders! Today, we delve into the intricacies of customizing your NinjaTrader chart setups. Whether you’re a seasoned pro or just starting, understanding how to tweak your charts can significantly enhance your trading experience. Join us as we explore various techniques to optimize your trading platform to suit your preferences. First and foremost, let’s address […]
Why the Stock Market’s Ascendancy Isn’t Over: Insights from a Prominent Bull
The market took a tumble a day before Valentine’s, prompting speculation of an exaggerated reaction. However, stock futures suggest bargain hunters are already sniffing around. Chris Weston, Pepperstone’s head of research, notes that the market was caught unprepared, with few safeguards in place and an overly optimistic stance on risk. He highlights the frustration for […]
Trade Smart: Why AI Is Your New Best Friend 7 Trades Make or Break
Hey Traders! Today, we’re diving into the world of autopilot trading. Strap in as we take you through seven trades, start to finish, using our automated trading system. This strategy handles everything for you – buying, selling, and even trailing stops, all on autopilot. But before we delve into the trades, a quick reminder: trading […]
Former Hedge Fund Star Unveils Next Bear Market Trigger
What’s on the line with Tuesday’s CPI figures? While much of Wall Street anticipates a softening in inflation, an unexpected surge could quash hopes for a May rate adjustment, potentially putting a damper on the S&P 500’s march towards 5,000, caution some analysts. However, in the midst of Nvidia’s remarkable 47% surge this year and […]
The Year of the Dragon: Exploring Stock Market Trends and Gold Demand in Lunar New Year 2024
According to Fundstrat’s Tom Lee, the U.S. stock market has historically thrived during the Years of the Dragon, with an average gain of 12.7% since 1871. This trend suggests that the recent surge in the S&P 500, propelling it to the 5,000-point milestone, may still have momentum. Lee forecasts that the S&P 500 could reach […]
