S&P 500

Was there ever any doubt...

So this happened...

Yes it is all very exciting, but year-to-date, Gold is outperforming The Dow by 20ppt...

For the best year since 1974...

BofAML's Stephen Suttmeier views the 61.8% retracement of the May-Feb decline at 2010.72 as critically important. A failure to close above this retracement would send a bearish message, especially given negatively positioned and falling 100 and 200-day moving averages.

Key SPX levels: Watch that 61.8% retracement at 2010.72

 S&P 500 resistance at 1990-2025 has limited the rally this week. This is a confluence of chart, 100/200-day MA, and Fibonacci levels.

Authored by Attain Capital, via Valuewalk.com,

While many investors may be breathing a sigh of relief thanks to the bounce off the February low, with the S&P up 11% since the start of February – it’s still not all lollipops and rainbows out there in market-land. There’s some worrying undercurrents that could spell more trouble ahead, not to mention pros like Jeff Gundlach claiming there’s just 2% of upside in the S&P 500 and 20% downside.

Via Dana Lyons' Tumblr,

Three months ago, on December 4, when the ECB clearly disappointed markets and European stocks tumbled as the Euro soared, it took a speech by Mario Draghi at the Economic Club in NY to send stocks soaring...