Factors Against an SPX Close A

2024-12-29

Factors Against an SPX Close Above 6000

1 Profit-Taking: After a strong year, investors might lock in gains, creating downward pressure on the index.

2 Volatility: Unexpected geopolitical or economic events, or low year-end liquidity, could lead to heightened market volatility, making it harder to cross 6000.

3. Resistance Levels: Psychologically, 6000 is a significant round number, often acting as resistance unless there’s strong momentum.

S&P 500 Hits 6100! Can Big Tech Earnings Boost January Rally?

The S&P 500 hit a new high yesterday, reaching 6118 points. Next week, major tech companies will report their earnings. Tesla, Microsoft, and Meta will release their earnings after Wednesday’s market close, while Apple will report after Thursday’s market close. Can Big Tech drive further market gains? Which major tech company are you optimistic about?

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