Fund Gauge

By Lawrence G. McMillan The stock market sold off fairy heavily into the 6500-6550 support zone for $SPX on November 14, but then it rallied strongly off of that support area. That support has been tested several times and continues to get an A+ on the test. But overhead, there is a myriad of resistance,…

June S&P E-mini futures: The drop from the February top reached 6354 but market sentiment was then very bearish. That low probably ended the drop from 7000. The upside target for the subsequent up swing is 7500. QQQ: The drop from 638 reached 555 and probably ended there. Resistance is now 625. TNX (ten year…

In the first half of 2024, China’s shipbuilding industry secured nearly 75% of new global orders, demonstrating the nation’s expanding manufacturing power. Ship completions surged by 18.4% year-over-year to 25.02 million deadweight tons (dwt), which represents 55% of the global total during this period. Moreover, the industry’s order backlogs increased by 38.6% to 171.55 million…