Technical Talk: S&P 500 up against resistance levels

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The multi-day rally of the S&P 500 back from the dead has brought the Index smack dab backup towards its recently broken support zone near 780 to 740. This zone of resistance is likely to stall this rally short-term given the fact so much trading activity occurred around this level before it finally gave way. However we are never one to argue with the tape and certainly the advance/decline stats as well as the up to down volume readings the last two days suggest this market may be able to overcome this resistance easier than we would have previously imagined,” said technical analyst Kevin Lane in his daily comments. […]

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Video-o-rama: Stock markets – turnaround time

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Tuesday marked a reversal of fortune for global stock markets as investors adopted a more positive view of the prospects for the banking sector and cast aside concerns about the economy. On the video front, footage was produced debating whether markets were witnessing A bottom or THE bottom, as well as the usual dosage about the economic outlook. Some of the more interesting clips of the past few days are shared in this post. […]

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