WEEKLY FORECAST FOR S&P 500: MARCH 10-14, 2014

S&P 500 index got to historical maximums this week and reached 1888 points on Friday.

Labor market statistics slowed down stock market growth in the USA.

According to the US Department of Labor, 175 thousand new jobs were created in February, which surpassed experts? expectations (forecast was 149 thousand jobs).



Click on the image to see full-size

Market participants received weak data from ADP in the middle of the week. According to the ADP report, American economy created 139 thousand jobs only, while a forecast was 160 thousand.

Weak data from the labor market made traders think that FED will make a break in cutting down the QE3 program.
However, strong market data received on Friday can lead to the significant correction of S&P 500 positions.

We think that S&P 500 will start correcting next week.

Technical indicators are in the oversold zone. Bearish divergence shows that an upwards trend slows down. The nearest downwards target is located at 1867 points. If bulls are unable to secure their positions above this level, then 1855, 1845 and 1830 points will become new technical correction targets.



Click on the image to see full-size

S&P 500 can continue growing after the technical correction. Nearest upwards targets are located at 1885, 1900 and 1920.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

Čtěte více

• Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index from March 27th
  Analýza denního grafu britské měny ukazuje neúplnost modelu vzestupné vlny od 4. října loňského roku. Od prosince se rozvíjí střední část vlnové struktury (B). Dne 8. března se její závěrečná část (C) vydala dolů. V průběhu minulého týdne vytvořily kotace horizontální retracement, který byl v době analýzy neúplný.
• WEEKLY FORECAST FOR EURCZK: APRIL 14-18, 2014
  Czech koruna?s rate was going down this week in comparison to euro. EURCZK maximum was registered at 27.45. Labor ma...
• WEEKLY FORECAST FOR EURCZK, APRIL 7-11, 2014
  The whole week Czech koruna was decreasing in comparison to euro. EURCZK maximum rate of the week was registered at 27...
• WEEKLY FORECAST FOR EURCZK: MARCH 10-14, 2014
  EURCZK was traded in the narrow corridor around 27.33 korunas for 1 euro. Czech important news included data about th...
• WEEKLY FORECAST FOR EURCZK, MARCH 24-28, 2014
  EURCZK managed to leave a narrow corridor between 27.37 and 27.30 and get to 27.52. Koruna?s positions started to imp...
• WEEKLY FORECAST FOR EURCZK, MARCH 24-28, 2014
  EURCZK managed to leave a narrow corridor between 27.37 and 27.30 and get to 27.52. Koruna?s positions started to imp...
• WEEKLY FORECAST FOR LIGHT SWEET CRUDE OIL: APRIL 14-18
  Light Sweet oil?s (WTI) rate increased during the week and on Thursday reached $103/barrel, which was a maximum since ...
• WEEKLY FORECAST FOR LIGHT SWEET CRUDE OIL: MARCH 10-14, 2014
  During this week, Light Sweet Crude oil got to the maximum of many months – $105/barrel. Oil growth was caused by t...
• WEEKLY FORECAST FOR S&P 500 INDEX, MARCH 17-21, 2014
  S&P 500 was decreasing the whole week: the minimum value was registered at 1840 points. A strong support level is loc...
• WEEKLY FORECAST FOR S&P 500 INDEX, MARCH 17-21, 2014
  S&P 500 was decreasing the whole week: the minimum value was registered at 1840 points. A strong support level is loc...
• WEEKLY FORECAST, MARCH 17-21, 2014
  Next week will be filled with macro and microeconomic news from the major world?s economies. The results of the US Fed...
• WEEKLY FORECAST, MARCH 17-21, 2014
  Next week will be filled with macro and microeconomic news from the major world?s economies. The results of the US Fed...
• WEEKLY S&P 500 REVIEW, APRIL 14-18
  S&P 500 index closes the week in a ?red? zone: it lost over 2%. Trading is conducted near the support level of 1820 p...
• WEEKLY S&P 500 REVIEW, MARCH 24-28
  S&P 500 is on the positive territory by the end of the week. It added 2.7% after 5 working days. At the moment, S&P 5...
• WEEKLY S&P 500 REVIEW, MARCH 24-28
  S&P 500 is on the positive territory by the end of the week. It added 2.7% after 5 working days. At the moment, S&P 5...
• Weidmann (nový šéf Bundesbanky a člen ECB)
  "Gréci musia prijať nové pravidlá ak&n...
• Weidmann (nový šéf Bundesbanky a člen ECB)
  "Bol som proti obnove programu nákupov rizikových&amp...
• Weidmann (nový šéf Bundesbanky a člen ECB)
  "prípadná reprofilácia gréckeho...
• Weidmann (nový šéf Bundesbanky a člen ECB)
  "aktuálne zmeny smerujú k navráte...
• Weidmann (nový šéf Bundesbanky a člen ECB)
  "prípadná reprofilácia gr&eac...