S&P 500 Forecast: Stocks at Risk Following Major Trendline Break
2021-05-13 20:35:00
Peter Hanks,
Strategist
S&P 500 Price Outlook:
The S&P 500 has broken beneath an important trendline from March 2020 as losses mount
Broader risk appetite has soured technology stocks, cryptocurrencies and other “risky” assets
S&P 500 Forecast: Stocks at Risk Following Major Trendline Break
The S&P 500 is teetering on the brink of deeper declines after a major trendline break sent the index seeking support near the 50-day moving average. Inflationary fears and expectations of hawkish monetary policy as a result of those fears have worked to quell risk appetite in recent sessions, sending equities, cryptocurrencies and growth-sensitive currencies lower. While high-flying technology stocks of the Nasdaq 100 have experienced the deepest declines, the S&P 500’s trendline break is a concerning development for broader equity valuations.
Stock Market Forecast: Is the Nasdaq 100 At Risk of Deeper Declines?
2021-05-11 22:00:00
Peter Hanks,
Strategist
Stock Market (Nasdaq 100) Price Outlook:
The Nasdaq 100 has seen its losses outpace that of the Dow Jones and S&P 500 amidst the ongoing reflation trade
The index’s declines have placed it dangerously close to a key trendline that could open the door to deeper losses if price breaks beneath
Stock Market Forecast: Is the Nasdaq 100 At Risk of Deeper Declines?
The Nasdaq 100 has endured considerable volatility in the week thus far as rising Treasury yields and simmering inflationary concerns have worked to pressure technology stocks. While these macroeconomic forces have been in play since the middle of the first quarter, a recent flare up due to incoming economic data is likely to blame for the precipitous losses in the Nasdaq. That said, the Nasdaq 100 may be vulnerable to further losses if the fundamental forces at work do not abate before a key trendline is br
Gold has rallied to the topside of its downtrend and white-hot inflation data could help spur the precious yellow metal higher. Can gold stage a breakout to snap its 8-month downtrend?
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
2021-05-11 16:00:00
Peter Hanks,
Strategist
Bitcoin (BTC/USD) Price Outlook:
Bitcoin appears vulnerable to further losses after bearish wedge break to start the week
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin may be vulnerable to a deeper retracement as risk appetite waned and cryptocurrency sentiment soured to start the week. Price action has seen BTC/USD fall out of a rising wedge with price quickly cratering beneath $54,000 – its lowest level since May 5. While the volatility Bitcoin is experiencing is nothing new, the wild price swings can see technical levels disintegrate rather quickly.
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
2021-05-10 20:35:00
Peter Hanks,
Strategist
Bitcoin (BTC/USD) Price Outlook:
Bitcoin appears vulnerable to further losses after bearish wedge break to start the week
Bitcoin Price Forecast: BTC/USD Threatens Bearish Reversal on Wedge Break
Bitcoin may be vulnerable to a deeper retracement as risk appetite waned and cryptocurrency sentiment soured to start the week. Price action has seen BTC/USD fall out of a rising wedge with price quickly cratering beneath $54,000 – its lowest level since May 5. While the volatility Bitcoin is experiencing is nothing new, the wild price swings can see technical levels disintegrate rather quickly.