Stocks Analysis by Declan Fallon covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, iShares Russell 2000 ETF. Read Declan Fallon's latest article on Investing.com
Indexes ended last Friday's session on a strong note, setting the stage for a promising start to the post-Labor Day week.stands out among the indexes, reclaiming the ground lost midweek and now hovering just below the July swing high. With volume indicating accumulation and technicals remaining net positive, the S&P 500 is well-positioned for the week ahead.had kept pace with the S&P 500 since the August low but lost ground in relative performance as it lingered near its 50-day MA.
However, despite remaining well off July highs it's an index positioned to gain. The index has held its 50-day MA for two weeks and is bullish for other technical indicators despite a bearish +DI/-DI trend crossover.. I had thought the gravestone doji early last week was a topping reversal, but this was negated by Friday's accumulation surge that easily cleared resistance. Technicals are net positive.
For the week, look to the S&P 500 to follow the Dow's lead, but if there is any hesitation, then look for sellers to attack the Russell 2000.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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