ChartWatchers

April 2024

ChartWatchers

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S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These Important Levels!

by Jayanthi Gopalakrishnan

A tug-of-war with no clear winner—that's what the stock market seemed to be playing this week. With a Fed meeting, key economic data, and more earnings on top, will a winner emerge next week? It was an interesting week in the stock market... Read More 

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S&P 500 Approaches 100-Day Moving Average: Is Now an Attractive Time to Buy Stocks?

by Jayanthi Gopalakrishnan

What a difference a week makes. Last week, the stock market changed its tune from up, up, up,... to up, down, up, down. That made it feel like investors were uncertain, yet the CBOE Volatility Index ($VIX) wasn't high enough to confirm the fear... Read More 

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Stock Market Indexes Plunge After Hitting Resistance -- Support Levels You Need to Watch

by Jayanthi Gopalakrishnan

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a few months singing the monotone "up, up, up" tune, the stock market has mixed things up a little. Now you hear "up, down, up, down... Read More 

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From Relic To Reckoning: Can Gold Surge To $3,000?

by Karl Montevirgen

The strange thing about gold is that it's always a relic ... until it isn't. And when it isn't, everyone swears it's always been an alternative currency (why would anyone have thought it was a relic in the first place?)... Read More 

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Is the Banking System on the Verge of Systemic Implosion? What to Look Out For

by Karl Montevirgen

2024 will be marked by a massive string of bank failures!!! Well, according to a few economists on the far end of the mainstream economic spectrum, that is... Read More 

ChartWatchers

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Jobs In the Spotlight: Stock Market Reverses Course After Massive Selloff

by Jayanthi Gopalakrishnan

One day doesn't make a trend—that's one lesson we learned from this week's stock market action. The March non-farm payrolls data revealed that the US economy added 303,000 jobs, which is higher than the estimated 200,000. Additionally, the unemployment rate dropped to 3... Read More 

ChartWatchers

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Silver's Surge: Can It Reach $50 an Ounce This Year?

by Karl Montevirgen

The likelihood of silver reaching $50 an ounce this year is a ‘real possibility,' according to analysts. More conservative yet bullish forecasts plot silver's target range between $35 and $50... Read More 

ChartWatchers

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The Stock Market's Tremendous Resilience: What This Means For Q2

by Jayanthi Gopalakrishnan

Even though the broader stock market showed signs of pulling back, so far, signs don't show that it's time to panic. The S&P 500 ($SPX) was up 10.6%, the Dow Jones Industrial Average ($INDU) was up 5.6%, and the tech-heavy Nasdaq was up over 9% in Q1 2024... Read More