In this weekend’s analysis, we take a look at the short term price support on the EMA (50) for SPY and QQQ but resistance for XBI. The biotech chart is a great example of using the TrendSpider indicator alert when the price action hit the EMA (50) was and rejected hard to the downside. Learn more below!
In this weekend’s blog post, we take a look at the broad markets into the month of April. Make sure to check out the video which looks at how to use some of the core features on TrendSpider while looking over your daily charts. Will the head and shoulders on SPY hold or are the more speculative ETF’s showing more upside possible?
Government shutdowns have a significant impact on federal employees, government contractors, and many companies relying on government services. Most shutdowns are resolved within a few days and there’s little impact, but in some cases, shutdowns have lasted more than two weeks. These longer stalemates have become increasingly common since the 1990s with shutdowns during Clinton, Obama, and Trump’s administrations.
Let’s take a look at the impact of government shutdowns on businesses and how the three longest shutdowns have affected stock market returns.
Market technicians use statistics to identify patterns and predict future price movements. While technical indicators are the most popular example of these statistics, technical analysts also examine prices on a longer timeframe to try and identify seasonal stock market patterns.
In this article, we will look at three popular seasonal stock market patterns, examine whether they are still accurate predictors, and discuss how to use them to your advantage when trading.