Market Analysis Comment – Thursday May 9, 2019
Key Takeaways from Today’s Market Action
-Short-Term Tops Remain in place for S&P 500 and NASDAQ Composite
-S&P E-Mini’s overnight again testing the 2862 area where it found support in the overnight session. Therefore 2862 becomes important support for ESM9 in the near-term.
-ESM9 needs to trade over 2899.50 to rebound.
-Eleven of the 15 Asian markets we follow have short-term tops in place...More.....
Be An Informed Stock Market Investor; Find Opportunity
Have you ever worked on an equity trading desk? It’s Intense and exhilarating at the same time. The background chatter from the traders, the soft cross-talk from the TV monitors all enhancing the news flow that is coming to the traders at their trading stations. All this as the financial markets create their own dynamic in which investors get the opportunity to risk capital with the intention of reaping profits.
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When the ISM data is released do you know what data within the report could move which market, which sectors? Can you tell from the stock market’s reaction what it is saying about its view of the data? That’s the tale of the tape. We’ll help you read it.
Marc Sutin is President of Intuitive Analysis, LLC. As President he serves as analyst, publisher and communicator of the firm’s outlook for the financial markets.
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