Chartology

Stock Market Futures Rally Into Key Resistance Friday

As I mentioned yesterday morning, wicks did develop near stock market futures lows yesterday, and charts did see buyers step up into value areas. The Morning Report: Higher We Go… Into Resistance Today traders are marching higher into resistance – the first key price resistance level on S&P 500 futures…

Gold And US Treasury Bonds Are At Price Extremes

A combination of recent central bank action and current talk of negative interest rates has brought out a thick wave of investor uncertainty in the financial markets. And that has brought about a huge “flight to safety” transition of capital for investors. Basically, the “flight” to safety has lead to lower prices for…

S&P 500 Futures Decline As Market Tests January Lows

Roiling markets around the world are once again disrupting the equity futures market. And China woes have helped to propel S&P 500 futures into deep price support levels, breaking the January lows. S&P 500 futures now sit just above the 1804.25 low tested in mid January. A big bounce yesterday…

2 Trade Ideas Amidst The Stock Market Whipsaw: $CAT $CINF

Trading in the equity markets has become increasingly more difficult since last summer, ending a series of buying opportunities with deeper corrections in the stock market and more volatility for stocks. While the easy money has been made in the latest bull market, there still remains opportunity for investors on the long side…

LinkedIn Stock Price Crushed: Is More Downside Likely?

LinkedIn Corp (LNKD) has made a name for itself in corporate networking and has a product that many professionals use. However, investors crave growth and innovation. And it seems that one or both may be slowing based on the reaction to LinkedIn’s latest earnings report, which is also seen in…

Stock Market Futures Push Higher; Traders Await Yellen

A positive divergence eventually showed up in price action overnight as stock market futures jumped higher. The S&P 500 futures rose into resistance levels around 1865, which were noted as targets yesterday. I suspect a retest of 1847-1851 at some point. The Morning Report: Stock Market Futures Advance Into Resistance…

S&P 500 Futures Trading In Jagged Range: Decision Time

S&P 500 futures trading in a jagged range. On Monday, S&P 500 futures drifted into deeper support again before bouncing off a key level near 1838. We hold this level as of this print but charts remain vulnerable to sellers continuing the downward march as long as we sit below…

Central Banks To The World: Respect Our Stimuli!

January may go down as the month Mr. Market refused to “Respect Our Stimuli” and started the stroll towards price discovery. Efforts by the three main central banks still engaged in the Big Wheels of stimulus had tough months. The European Central Bank’s (ECB) two main “stimulus” programs are a $800…

Stock Market Futures Lower In Downside Continuation

Stock market futures are trading sharply lower this morning. A cascade of selling on Friday continued after the break of the 1902 contested levels. A key price support zone at 1864 has also been broken and we remain below it this morning after another big washout lower. The Morning Report:…