stock price trading

Stock Trading Alert: Low volatility in shortened trading session.

December 24, 2013, 10:24 AM

The U.S. stock market indexes gain between 0.1% and 0.2% in a quiet holiday trade. The S&P 500 is at a new all-time high, slightly above the level of 1,830. The support remains at around 1,810-1,815. The S&P 500 futures contract (CFD) extends its short-term consolidation, as it fluctuates between 1,820 and 1,825. There are no confirmed short-term uptrend reversal signals, as we can see on the 15-minute chart:

S&P500 futures contract - S&P 500 index chart - SPX

Our intraday outlook is neutral, and our short-term outlook is bullish:

Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: bullish
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish

Thank you,
Paul Rejczak

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Dear Sunshine Profits,

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