Tag Archives: SPY

Key S&P 500 Levels To Watch As Market Endures 4th Straight Day Of Losses

The S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.43% on Thursday, its fourth consecutive day of losses, prompting traders to look to the charts for key potential support levels for the market.

Tom Essaye, founder of Sevens Report Research, highlighted several key levels he’s watching for potential support and even some critical potential resistance levels should the S&P 500 bounce off of its lows at some point.

Related Link: This Model Suggests Negative S&P 500 Returns Over The Next Decade

Current Situation: First, Essaye defined what he calls....More>>>

A Perfect Tech Trade For This Bull Market

The stock market has pulled back this week. Traders seem to expect ever-rising prices and pullbacks seem to catch them by surprise. But pullbacks are normal, and the current decline is still within the realm of normal market activity. The chart below shows that $447.20 would be a 38.2% retracement of the recent advance.

At $447.20, SPDR S&P 500 (NYSE: SPY) would be about 1.5% below its high.

For now, it’s still a bull market, and that means I’m sticking with bull market trades over at my premium service, Maximum Income.

Some of you know that I worked in....More>>>

The Week In Cannabis: $2B+ In M&A And Financings, Hexo, Terrascend, Gage, The DEA, NY, Panama An

Below is a recap of the main news related to the cannabis industry and markets for the week of August 30, 2021.

Contents

Hexo’s $925M Acquisition Of Redecan
TerrAscend Acquires Gage Growth In $545M All-Stock Deal Policy Panama Legalizes Medical Cannabis Merrill Lynch Relaxing Its Approach To Cannabis Businesses Markets M&A Financings Earnings Reports Greenlane And KushCo Complete Merger International News Tech Top Stories Of The Week

Hexo’s $925M Acquisition Of....More>>>

A Perfect Tech Trade For This Bull Market

The stock market has pulled back this week. Traders seem to expect ever-rising prices and pullbacks seem to catch them by surprise. But pullbacks are normal, and the current decline is still within the realm of normal market activity. The chart below shows that $447.20 would be a 38.2% retracement of the recent advance.

At $447.20, SPDR S&P 500 (NYSE: SPY) would be about 1.5% below its high.

For now, it’s still a bull market, and that means I’m sticking with bull market trades over at my premium service, Maximum Income.

Some of you know that I worked in....More>>>

Key S&P 500 Levels To Watch As Market Endures 4th Straight Day Of Losses

The S&P 500 ETF Trust (NYSE:SPY) traded lower by 0.43% on Thursday, its fourth consecutive day of losses, prompting traders to look to the charts for key potential support levels for the market.

Tom Essaye, founder of Sevens Report Research, highlighted several key levels he’s watching for potential support and even some critical potential resistance levels should the S&P 500 bounce off of its lows at some point.

Related Link: This Model Suggests Negative S&P 500 Returns Over The Next Decade

Current Situation: First, Essaye defined what he calls....More>>>