Greetings stock market investors and traders!

Here is your daily update on the stock market. Upvote if you find the information helpful, and follow for frequent updates on cryptos and stocks.

S&P 500 Performance Maps and Technical Analysis

1 Day Performance Map:

1 Week Performance Map:

1 Month Performance Map:

Daily Chart Technical Analysis:

Previous Post (January 31)

Today's Chart

Market Summary

Previous Post (February 4)

I am still maintaining my short term bearish but long term bullish outlook from January 31. The stock market had a major run this month and now seems to be correcting. It would not surprise me if February or March ends up being a volatile month. I will keep my eye on the US dollar, as it has developed an inverse relationship against the S&P 500 over the last couple months. Even after the market selloff this week, I think the market needs to correct some more before it will be ready for another major run.

US Dollar Index vs S&P 500

Today's Post

It turns out that my bearish sentiment I held since the end of January has turned out to be correct. While I did not predict such a swift and drastic correction, I still felt like the market was due for a pullback. I think we will start to see a lot more buyers in the market once the SPY hits the 200 day MA.

Stocks to Watch

ALB

I have talked about ALB in a few of my posts now. Last sunday I said to buy at $104.00-$105.00. It has held this support even despite the selloff in the broad market.

ALB Weekly Chart

GOOG

QQQ

SMH

I provide frequent updates on cryptos and US stocks along with occasional updates on forex and futures. I use fundamental and technical analysis to dictate where markets go. I use the following signals for technical analysis:

Fibonacci Retracements -- Simple Moving Averages -- Trendlines -- Candlestick Patterns -- Elliot Waves -- Horizontal Support and Resistance -- Volume --

Disclamer:
I am not a financial adviser nor is this professional financial advice. These are just my opinions and you should do your own due diligence before making any investments.