collected by :Dicson Walt
Once the S&P 500 snaps out of its range, it is likely to follow the roadmap drawn by the most powerful market indicators.
It is the biggest component of the Nasdaq 100 (11.6%), the S&P 500 (3.6%) and the Dow Jones Industrial Average (4.6%).
iSPYETFThis trend channel is one reason why we considered the short-term upside potential for Apple, the Nasdaq and S&P 500 to be limited.
Interestingly, the S&P 500, just like Apple, is in limbo now.
Apple is really the big dog of the U.S. stock market
as mentioned in
I think everyone who has even a passing familiarity with the stock market will enjoy it but the similarities really are striking.
As an example, the catalyst for the Panic of 1907, which is the first of the modern stock market crashes, was the San Francisco earthquake of 1906.
We know that the stock market really gets ahead of itself before every crash.
It’s just a function of the way the stock market works.
There’s an old Merle Haggard song, “I only fall when I’m on the mountain.” I mean, we know that the stock market kind of tough for the stock market to crash when it’s already in the trough.
as mentioned in
The stock market will be not able to defy gravity for much longer
It’s not just the S&P 500 that has been operating on adrenaline this year.
S&P 500 companies are expected to report earnings rose 6.4% in the second quarter, according to John Butters, senior earnings analyst at FactSet Research.
U.S. stocks have gone over a year without a major drawdown, prompting some strategists to predict a swoon that could shave as much as 5% off of the S&P 500.
iStockphoto The stock market may be poised for a big fall.
The longest streak for the market without the dreaded 5% correction was between December 1994 and July 1996, when the large-cap index rose more than 40%, according to Detrick.