Stocks Technical Analysis

(eToro Blog) Republicans and Democrats in the Senate were at it each other again when they rejected each other’s economic stimulus bill. As next year’s presidential election approaches, it...

(eToro Blog) Equity markets remained on edge, with investors focused on Europe’s policymakers as their self-imposed European deadline to solve peripheral debt risk moved ever closer. The ...

(eToro Blog) The United States released a mixed bag of economic data this morning. The Philly Fed index rose to 8.7 in October from -17.5 in September. This huge jump was welcomed with a sign of ...

By David Becker(eToro Blog) Stock markets in the U.S. were lower as technology shares were dragged down by worse than expected earnings from Apple were released on Tuesday. Europe continued to be the ...

The index fell below the key support level at 5970 which is 38.2 % Fibonacci retracement of the fall from 7610 to 4967. The next resistance can be found at 6066. Support levels are located at 5610 and...

(eToro Blog) The consumer price index rose 0.3% in September in line with market expectations. The core CPI rose 0.1%. The core CPI data excludes food and fuel costs. This was the slowest cost of ...

Last week things looked rosy for the markets, after the European bailout fund was finally ratified by the last holdout, Slovakia, just 10 days before the October 23 EU summit.  Giddy with high ...

The index fell below the key support level at 5970 which is 38.2 % Fibonacci retracement of the fall from 7610 to 4967. The next resistance can be found at 6066. Support levels are located at 5610 and...

Dow Jones:Dow held on to the 11229/10 support and rallied sharply to 11590 so far.We could now go for a retest of the week’s highs at 11658/65 today. A break higher would then allow a test of ...

Eurostoxx:Eurostoxx broke below 2269 bouncing a few ticks above 2258. the rally then took us up to the 2345 resistance which held bang on.A break above 2345 should then see us on the way to 2360/65 ...

DAX:Dax dipped to the 5760/55 level which held the slide very nicely. The rally took us to 6000/09 and we may be able to build on this today.Above 5885/94 we can test 5947 before 5971. Above ...

FTSE:FTSE dipped to the 5322 which held the low nicely.If we can hold on to 5436/42 we can run back up to 5476/78. if this does not hold us back look for a retest of 5521/33 for a good selling ...

Yesterday’s price action of DAX index broke the most recent trend line and declined sharply toward the 5,750 area.This down move is likely to continue after a correction (up move) that we are ...

S&P 500:S&P finally succumbed to downward pressure after reaching 1230. We have been to 1187 this morning, and we are beginning to turn both on the MACD and med term stochastics to show ...

DAX:Dax halted before a test of August highs of 6112/25. We took a tumble to ‘‘good support at 5825/07 to hold the downside today’’ and indeed the market bottomed at 5821. ...

FTSE:FTSE headed higher stopping ay the 5521/25 resistance, only just short of the 5533 target which is where we expected the rally to top out, being the 61.8% retracement level from the highs at ...

S&P500: 1223.92Short-Term Trend: sidewaysOutlook: I was wrong in my analysis last week where I favored the short side as long as the prices stayed below 1171. Actually the prices quickly moved ...