!שלום ,שנה טובה
It has been a brutal year for the stock market in 2018. With new all time highs and then a massive sell off in December, this leaves many investors in the red. But do we now have a fresh start to the new year?
The first day of trading is very important as it tells us of the likelihood of whether the market may end up in green or red. This is not a conclusive thing but it does help the sentiment if the market starts off with a green day. And that is what we got.
But what are the charts telling us?
I have looked at the charts of the weekly, daily and 60 min of the main indexes. It is indeed a challenging environment for investors and therefore this first half of the year is more suitable for traders. Do take a look at them and study them. A nice rally is happening but we do not know how things will do when it reaches resistance. Until then let us be careful as the main indices reaches resistance area.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.