Stocks slipped Monday but closed out November with hefty gains, capping a furious month-long rally fueled by bets that scientists are closer than ever to finalizing Covid-19 vaccines to fight the pandemic.
Author: Yuriy Matso
I use Heikin-Ashi charts on the multiple time frames which involves monitoring the same investment vehicle (NDX or SPX) across various frequencies in order to assess its trend strength as well as spot potential trend reversals.
U.S. stocks edged higher during Friday’s holiday-shortened session as gains across shares of technology and health-care companies pushed the S&P 500 and Nasdaq Composite to new closing records.
In order to build an effective watch-list, I collect a handful of leadership stocks in the hot sectors (e.g., software, semiconductors, solar, etc) as well as those that gap up on earnings. My watch-list usually comprises ~100 names. I review each stock on a daily basis and set my ToS alert notifications.
The Dow Jones Industrial retreated Wednesday, sliding back below 30000 after mixed economic data and the continued rise in Covid-19 cases. Wednesday’s decline marked a pause in a rally fueled by hopes for Covid-19 vaccines and easing concerns around the U.S. presidential transition. President- elect Joe Biden’s pick of former Federal Reserve head Janet Yellen for Treasury secretary has also increased hopes of sizable stimulus measures.
I use Heikin-Ashi charts on the multiple time frames which involves monitoring the same investment vehicle (NDX or SPX) across various frequencies in order to assess its trend strength as well as spot potential trend reversals.
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
Analyzing market internals can provide an edge in trading S&P500 and Nasdaq indices. Market internals give us a peek “under the hood” of the market. From them we gleam insights into the market’s breadth. The S&P may be up on the day, but the market internals may tell a different story.
Multiple time frame analysis (or MTF) in stock market trading involves monitoring the same investment vehicle (NDX or SPX) across various frequencies, also known as time compressions. MTF trading is a process of looking into different time frames and aligning both trend, momentum, and direction.
US stocks mostly closed higher on Monday with fresh news on a promising coronavirus vaccine, this time from the University of Oxford and AstraZeneca. Investors continue to bet that the economy will be able to withstand the latest surge in new infections and that treatments will eventually prove successful.