The S&P500 is now up knocking at the key 4,600 level as a big week of US tech earnings continues. Recall that the 4,600 is the whole-number level ahead of the 200% Fibonacci extension of the Covid swing Low move and there will be lots of people monitoring this for any new make or break. […]

US stocks are edging higher ahead of a big week of tech earnings. The US$ is a bit higher to start the week which has pressured the EUR/USD but not much else. The charts are little changed but keep watch for momentum based trend line breakouts.

Last week: The S&P500 and DJIA are back navigating all-time Highs as Earnings season continues and the US$ remains weak. There were some mixed earnings reports, with weaker guidance on SNAP triggering a 26% pullback in the share price and INTC noting its struggle with supply chain issues, but all four of the major US stock […]

All eyes will be on the major US index of the S&P500 as it negotiates a previous all time high region. Traders will be watching for any hesitation that may lead to a bearish Double Top. Momentum has declined across many trading instruments so watch for any new momentum-based trend line breakouts.

Upbeat earnings helped to lift stocks last session with the DJIA printing a new high and the S&P500 fast approaching its previous all-time high. The US$ remains weak which is helping to fuel a classic-style risk on environment.