Dow Jones Industrial Average 2 Minute(INDEXDJX:.DJI): Technicals Remain Weak

After two big days to the downside equites were oversold and looking to bounce.   Sure enough, the major indices opened strong to the upside on Friday, despite no major economic reports or news.  Friday was purely a technical bounce and the selling may not be over. The early gains were nearly given up midway in the session on Friday, but a strong finish broke the losing streak.  It was 6 straight losing sessions for the SPX before finishing positive on Friday. Big Techs were strong and lead to the NDX…

The iShares Core S&P 500 ETF Could Be Worth $318

Share to facebook Share to twitter Share to linkedin Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.  For the iShares Core S&P 500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $317.85 per unit. With IVV trading at a recent price near $278.03…

Should I Count on Social Security Being Around When I Retire?

By Mary Beth Storjohann via Iris.xyz Members of younger generations, from Gen X to Gen Z, are worried about retirement, and with good reason! Right now, only 60% of workers are actively contributing to their workplace retirement savings account. While today’s rising economy has freed up the cash flow for many employees to start contributing more than they have in the past, that doesn’t mean everyone is on track to have enough saved by the time that they retire. When I talk to people about their retirement savings strategy, the question of Social Security is…

SPDR S&P 500 ETF Trust(NYSE:SPY): Technicals Flip Bearish

Declines like this used to take weeks, and now they occur in a couple of days. Nearly every indicator is now in some sort of oversold state, but “oversold does not mean buy.” One must wait for confirmed buy signals, and even then the early ones are often stopped out in a market like this. Yesterday’s (October 11th) low was in the general area of support at 2700-2710 for $SPX — a level that provided good support in late May and again in late June. There should be resistance between…

Danger Zone: Rise of the Noise Traders

By David Trainer via Iris.xyz Noise traders – individuals that distort the market by trading on incomplete or inaccurate information – have been discussed by academics and investors alike for decades.[1] No one could ever deny the existence of noise traders, but proponents of the efficient market hypothesis (EMH) have long contended that these traders have little-to-no impact on the overall market. The past twenty years – which includes the tech bubble, housing bubble, and dozens of boom and bust “story stocks” – make it clear that noise traders have much more…