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☆ There's a 'good likelihood' that the market bottom is in, Fundstrat says
▼ + stars: | 2023-10-10 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The market recovery from last week's lows could be an indication that a market bottom is in place, according to Fundstrat Global Advisors. "While some might see this as 'jumping the gun,' I do feel like there's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton, the firm's head of technical strategy. Newton pointed to several reasons for this, including: Strong tech returns relative to the S & P 500 . Bank of America's Stephen Suttmeier also noted that the fourth quarter is usually a good one for the S & P 500, increasing the likelihood of the broader market index doing well going forward. Going forward, the next test for the S & P 500 comes near the 4,400 to 4,450 range, as investors work their way through oversold conditions, according to Rob Ginsberg of Wolfe Research.

Persons: Mark Newton, Newton, . Bank of America's Stephen Suttmeier, Suttmeier, Rob Ginsberg, Wolfe, — CNBC's Michael Bloom Organizations: Fundstrat Global Advisors, . Bank of America's, Wolfe Research

☆ The August sell-off has the market testing some key levels. Here's a breakdown
▼ + stars: | 2023-08-21 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The August sell-off has stocks testing some key technical levels, spurring investors to watch where equities will go next. Now, investors are watching to see where the S & P 500 goes next. .SPX 1Y mountain S & P 500 1-year The strategist said this threshold is a key support as it's a convergence of several trends in the market. The S & P 500 fell to roughly 3,800 in March before resuming its march upward. A combination of technical factors imply that the S & P may test the 4,200 level but might not break significantly below that."

Persons: Sam Stovall, Stovall, BTIG's Jonathan Krinsky, Krinsky, Oppenheimer's Ari Wald, Wald, Michael Bloom Organizations: Dow Jones Industrial, Nasdaq Locations: China

☆ Investors should ride this market rally to new all-time highs early next year by making these 10 investments now, according to 6 market strategists
▼ + stars: | 2023-06-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

If the S&P 500 can avoid a pullback, it could make a push toward its all-time high. Investors who weren't ready for the remarkable stock market rally of the last three months may not have completely missed out yet, according to several strategists Insider recently spoke with. While some top investing minds think this market rally isn't trustworthy, others are confident that the path of least resistance for US stocks is higher. He believes the S&P 500 is more likely to hit new highs in early 2024 than retest its Fall low of about 3,500. The S&P 500 is trading at roughly 19.2x forward earnings, he said, adding that equal-weighted funds have a forward earning ratio of about 15.5x.

Persons: Brad Bernstein, we've, I've, Bernstein, Jason Draho, Bernstein's, Draho, Jack Caffrey, Caffrey, Michael Sheldon, chartmaster David Keller, Keller, who's, David Keller, StockCharts.com, Brian Belski, Sheldon, Belski, that's Organizations: Federal Reserve, UBS Wealth Management, UBS Global Wealth Management, JPMorgan Asset Management, Fed, RDM Financial, BMO Capital Markets, BMO Capital Locations: US

The strongest live recordings John Coltrane ever made — the ones that seem to capture his locomotive, shape-shifting powers at full speed, totally unbridled — come from his lengthy run at the Village Vanguard in fall 1961. At that point he had moved away from writing in complex, Fibonacci-like patterns of harmony; studying spiritual music, especially from India and Africa, he’d redoubled his commitment to structural simplicity. In short order, he would assemble the lineup that we now know as his classic quartet. On those Vanguard recordings you can hear it all happening: He’s moving fast, unburdening himself of the past, trying out new lineups and reworking his repertoire in real time. Records announced that in July it will release an album of newly unearthed recordings that Coltrane made at the Village Gate, just blocks away from the Vanguard, two months before that run.

Persons: John Coltrane, he’d, unburdening, Coltrane Organizations: Village Vanguard, Vanguard, ! Records Locations: India, Africa

☆ What Number Comes Next? The Encyclopedia of Integer Sequences Knows.
▼ + stars: | 2023-05-21 | by ( Siobhan Roberts | ) www.nytimes.com time to read: +2 min

Dr. Sloane is the founder of the On-Line Encyclopedia of Integer Sequences, a database of 362,765 (and counting) number sequences defined by a precise rule or property. In 1995, it became an “encyclopedia,” with 5,487 sequences and an additional author, Simon Plouffe, a mathematician in Quebec. A year later, the collection had doubled in size again, so Dr. Sloane put it on the internet. Dr. Pudwell writes algorithms to solve counting problems. “I found this perplexing,” Dr. Pudwell said.

Even gaining qualifications in Italy didn't help Abhishek, a 26-year-old migrant from India who got a master's degree in mechanical engineering at Turin's Polytechnic University last year. Italy, which is also contending with an exodus of skilled nationals to stronger economies, needs qualified immigrants to fill growing skilled labour shortages, many economists say. In 2023, work permits will be granted to around 83,000 non-EU migrants, according to government data, less than a third of the 277,000 who applied for them. Barbera at Turin University said the lack of migrants in skilled professions has become entrenched and hard to reverse. "Migrants in Italy have virtually no access to the middle class," he said.

☆ Charts suggest investors should brace themselves for declines in the S&P 500, Cramer says
▼ + stars: | 2023-02-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday warned investors to brace for market turbulence ahead by consolidating their portfolios. Stocks fell on Monday as investors took profits after the stock market's strong start to the year. The S&P 500 is up more than 7% this year. A cluster of Fibonacci timing cycles clustered together is a sign that "something big" could happen, he added. To explain Boroden's analysis of the S&P 500, Cramer examined the weekly chart of the index going back to July 2021.

☆ Weakness in Apple’s stock could be a warning for the broader market, chart technicians say
▼ + stars: | 2022-11-29 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Apple stock was down more than 2% Tuesday, after declining Monday and Friday. Apple's sizeable weighting Apple is 6.5% of the S & P 500 market cap, and technical analysts say it has implications for the broad market both in price impact and sentiment. Apple is 6.5% of the S & P. I would say it's remarkable how strong the S & P 500 is today with a 2% decline in Apple. "I can't imagine that happening without getting a sell signal on the S & P chart." She said the S & P 500 chart is maintaining a buy signal that has been in place for several weeks.

☆ A veteran chartmaster expects the bear market to continue into 2023 after the latest rally fizzles — but these 4 types of stocks appear to be set up for strong gains next year
▼ + stars: | 2022-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

David Keller, StockCharts.comThe S&P 500 has pulled back from the critical technical resistance level of 4,000, Keller noted. A round number like that is not only seen as a significant milestone for psychological reasons, but it's also a key Fibonacci retracement level, Keller said. The S&P 500 will likely retest the 3,200 level at some point and will be hovering around current levels by the middle of next year, the veteran chartmaster said. It's currently at 24, down from 33.6 when the S&P 500 was at its mid-October lows. The S&P 500 can hit new highs and break the 5,000 mark by late 2023, Keller said, though he doubts a breakthrough will come any earlier than that.

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