FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Today at 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

» Colombo Stock Market: Over Valued against USD!
by God Father Mon Jun 03, 2024 3:17 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

These technical charts say don’t fear the stock market pullback

2 posters

Go down  Message [Page 1 of 1]

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Published: Nov 2, 2015 2:36 p.m. ET
______________________________

After one of the best months in four years for stocks, technical indicators for the S&P 500 point to a near-term pullback. But a BTIG strategist says any market selloff should be viewed as a buying opportunity.
The S&P 500 SPX, +1.19%  fell 0.5% Friday, which was an “outside down” day, a term used by technicians to describe a session whose chart bar extends both higher and lower than that of the previous day. In other words, the trading band for that day is outside of the previous day’s range. This trend suggests that selling pressure may be building, which, on top of weak emerging markets, could trigger a selloff in the near term, according Katie Stockton, chief technical strategist at BTIG.
“However, we welcome a swift pullback as a way to relieve prolonged short-term overbought conditions,” said Stockton.

Momentum in the market has also improved sufficiently to support fresh highs for the S&P 500 by the end of the year, while an improvement in the ratio of stocks advancing versus decliners bodes well for the market’s resilience.
As illustrated in Stockton’s chart below, the stochastic oscillator, which measures momentum, is pointing up.

These technical charts say don’t fear the stock market pullback MW-DY288_BTIGCh_20151102131903_NSBTIG




“A breakout to a new high by the S&P 500 would yield an intermediate-term measured move price projection of about 2,180, almost 5% above current levels,” she said.
Ari Wald, a strategist at Oppenheimer, echoed Stockton’s view, taking note of bullish trends among large-cap stocks. “For the S&P 500, the sentiment pendulum has swung back toward optimism, and seasonal trends remain positive through year-end,” he said.

These technical charts say don’t fear the stock market pullback MW-DY277_OppCha_20151102125104_NS




Wald conceded the existence of some cautionary signals, but the negatives, he predicted, will be offset by rotational buying into index-sensitive bellwethers, particularly against the backdrop of the Federal Reserve’s low-interest-rate policy.
The S&P 500 was up 0.7% to 2,094 after midday Monday, while the Dow Jones Industrial Average DJIA, +0.94%  had gained 0.5% to 17,757 and the Nasdaq Composite COMP, +1.45%  had surged 1% to 5,105. All three indexes closed out October with their biggest monthly gains since 2011.

link : http://www.marketwatch.com/story/these-technical-charts-say-dont-fear-the-stock-market-pullback-2015-11-02?mod=MW_default_top_stories

EquityChamp

EquityChamp
Moderator
Moderator

peacockman wrote:[size=45]These technical charts say don’t fear the stock market pullback[/size]
Published: Nov 2, 2015 2:36 p.m. ET

After one of the best months in four years for stocks, technical indicators for the S&P 500 point to a near-term pullback. But a BTIG strategist says any market selloff should be viewed as a buying opportunity.
The S&P 500 SPX, +1.19%  fell 0.5% Friday, which was an “outside down” day, a term used by technicians to describe a session whose chart bar extends both higher and lower than that of the previous day. In other words, the trading band for that day is outside of the previous day’s range. This trend suggests that selling pressure may be building, which, on top of weak emerging markets, could trigger a selloff in the near term, according Katie Stockton, chief technical strategist at BTIG.
“However, we welcome a swift pullback as a way to relieve prolonged short-term overbought conditions,” said Stockton.

Momentum in the market has also improved sufficiently to support fresh highs for the S&P 500 by the end of the year, while an improvement in the ratio of stocks advancing versus decliners bodes well for the market’s resilience.
As illustrated in Stockton’s chart below, the stochastic oscillator, which measures momentum, is pointing up.

These technical charts say don’t fear the stock market pullback MW-DY288_BTIGCh_20151102131903_NSBTIG




“A breakout to a new high by the S&P 500 would yield an intermediate-term measured move price projection of about 2,180, almost 5% above current levels,” she said.
Ari Wald, a strategist at Oppenheimer, echoed Stockton’s view, taking note of bullish trends among large-cap stocks. “For the S&P 500, the sentiment pendulum has swung back toward optimism, and seasonal trends remain positive through year-end,” he said.

These technical charts say don’t fear the stock market pullback MW-DY277_OppCha_20151102125104_NS




Wald conceded the existence of some cautionary signals, but the negatives, he predicted, will be offset by rotational buying into index-sensitive bellwethers, particularly against the backdrop of the Federal Reserve’s low-interest-rate policy.
The S&P 500 was up 0.7% to 2,094 after midday Monday, while the Dow Jones Industrial Average DJIA, +0.94%  had gained 0.5% to 17,757 and the Nasdaq Composite COMP, +1.45%  had surged 1% to 5,105. All three indexes closed out October with their biggest monthly gains since 2011.

link : http://www.marketwatch.com/story/these-technical-charts-say-dont-fear-the-stock-market-pullback-2015-11-02?mod=MW_default_top_stories

Would love to see a similar view for ASPI brother. Are there any way?

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Dear EquityChamp,
Some subjects in this article are very close to CSE... isn't it...?

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum