News Links and Chart Links Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : News Links and Chart Links

SPXL 200.43

+2.9%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Les H who wrote (28177)	9/30/2023 9:01:25 PM
From: Les H	of 29599

Stocks closed little changed in the final session of September, capping off the third quarter and bringing an end to the weakest time of the year for equity market. The S&P 500 Index closed with a loss of just over a quarter of one percent, continuing to stake a short-term low above significant support at 4200. At the high of the session, the benchmark surpassed the 4313 hurdle that we highlighted in recent reports as providing indication that a short-term low has been achieved, defining the setup to see a reprieve of near-term selling pressures heading into the new month and quarter. Momentum indicators continue to show early signs of bottoming following the slide that has been realized of prices during what is normally the weakest two-week span of the year for stocks. Resistance can be pegged overhead at the declining 20 and 50-week moving averages at 4409 and 4452, respectively. equityclock.com Sold off on shutdown late Friday so it might bounce on Monday for the 12th Monday in a row...or not.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next