Month: May 2021

2021-05-16 Sunday

WEEKLY MARKET OVERVIEW The S&P500 (SPY) started the week with three scary sessions, but when the panic was spreading across the market, things started to get better, and a couple of green days recovered most of the weekly losses. So far, the overall uptrend remains in place. Weekly performance (Week 19/2021)– SPY (S&P500) -1.31%– QQQ (Nasdaq100) -2.34%– DIA (Dow Jones Industrial) …

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2021-05-09 Sunday

WEEKLY MARKET OVERVIEW After a few weeks of trading near the $420 level, the S&P500 (SPY) finally broke out to all-time highs on Friday. Despite missed expectations on the monthly employment report, investors’ confidence remains high, and money printing keeps fueling this bull market. Once again, price action appears extended to the upside, but so …

2021-05-09 Sunday Read More »

2021-05-02 Sunday

WEEKLY MARKET OVERVIEW Not much changed in the market during last week with the S&P500 (SPY) consolidating near all-time highs in a pretty tight range. Aside from Thursday, all sessions posted very short candles with small bodies. After the upward run of the previous weeks, this behavior looks like normal digestion of recent gains.  Weekly …

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