Chartology

S&P 500 Futures Trading Outlook For July 20

Outlook for July 20, 2016 – Stock market futures are heading higher this morning which should lead to a higher open for the S&P 500 Index (INDEXSP:.INX).  Earlier this week S&P 500 futures saw a few bounces fail before finally bouncing off lower support and rallying. It tested 2167.25 this morning, just shy…

CHART: Higher Oil Prices Trigger Oil Production Increase

The following was written by the Richardson GMP Asset Management Team. An interesting thing happened this week, total oil production rose for just the third time this year. The +0.68% oil production increase was the largest increase since last October. It’s not all that surprising; it’s simple economics. Higher prices…

iShares MSCI Italy ETF (EWI) Looks Ready To Bounce Higher

In recent years, and especially in recent months, a confluence of events and circumstances has led to much-reduced expectations for economic growth in Italy. While we agree that the Italian economy offers many reasons to worry in the long term, our charts suggest that equity in Italian companies has swung…

S&P 500 Futures Trading Outlook For July 15

S&P 500 Futures Trading Outlook (high level) Let’s take a look at the broad market using S&P 500 futures (ES_F) – Friday morning’s subdued price action is setting up for a bigger move (with 2151 as support and 2159 as resistance). Breaches in either direction could expand as technical divergence…

Silver Rally Breaks Out Of Bullish Wedge Pattern

A multi-year downtrend had silver bulls singing the blues. But Silver Futures prices rallied hard in 2016. The rally in Silver (NYSEARCA:SLV) was so fierce that it triggered a silver breakout above the resistance line of a long-term bullish wedge pattern. In short, when it comes to bullish falling wedges, you…

Bullish On The Energy Sector (XLE)? Wait For Confirmation

The Energy Sector (NYSEARCA:XLE) looks primed for a breakout. Should this occur, it would have huge implications for energy stocks and related ETFs. Today we’ll look at the daily and weekly charts for the sector ETF (XLE). Are the bulls about to run? And will Crude Oil futures and other…

Are U.S. REITS Breaking Out? Watch This Chart Pattern!

An index of U.S. REITs just experienced a potentially major breakout from a decade-long bullish chart pattern. Following what we viewed as the popping of a likely real estate bubble in 2006-2007, our guess was that, after a dead-cat bounce, the sector would be dead money for some time. Almost…

S&P 500: New Highs Eerily Similar To German DAX In 2015

With the S&P 500 Index (INDEXSP:.INX) marching to new all-time highs, I’m battling a bout of deja vu? It wasn’t too long ago that a similar setup was occurring in the German stock market. Could S&P 500 new highs Rewind to 2015. The German DAX (INDEXDB:DAX) began to rip higher…

TLT Price Target In View As Treasury Bonds Stretched

US Treasury bonds continue to move higher to the amazement of many. In my latest post on the 20 Year Treasury Bond ETF (NASDAQ:TLT), I showed how the price pattern had failed around the 134-135 level. And that failure gave way to a new chart pattern targeting 145. Note that…