Chartology

Gold (GLD) Chart Update: Time For A Correction?

Since we last wrote about the SPDR Gold ETF (NYSEARCA:GLD) in March, the Elliott wave pattern has come into focus for the Gold ETF (you can find our prior article here). Gold price targets for the wave higher have been met and a move lower (or price correction) may be in…

S&P 500 Futures Trading Outlook For August 24th

S&P 500 Futures Trading Outlook for August 24, 2016 – As with yesterday, the morning finds us just above congestion at 2186 on S&P 500 futures. Charts continue their bullish slant but under damp momentum. A breach above 2187.75 may only take us to the top of the range near…

Crude Oil Futures Seasonality: September Brings Uncertainty

Oil prices have been trading on fire lately. In fact, Crude Oil futures are up 7 trading sessions in a row ending Friday 8/19. This has put multi-year highs back in sight near $52. Friday’s last trade came in at $49.12. How about crude oil futures seasonality? That’s debatable and…

S&P 500 Futures Trading Outlook For August 22nd

S&P 500 Futures Outlook For Traders (Broad Overview) for August 22, 2016 – After an absence of several days in the market, I returned to see charts just as range bound. Typical summer trading behavior. Perhaps traders are waiting on the election, or some other market moving news. But whatever the…

Risk On Trade? Watch The Nasdaq 100 & Junk Bonds!

After breaking out to new highs, the stock market has cooled off a bit in August. It hasn’t necessarily gone down, but rather just traded sideways. This has put a cap on the risk on trade in August. But there are a couple of assets that are pretty telling as…

Utility Stocks Continue To Follow Technical Road Map

Utility stocks (NYSEARCA:XLU) have been unusually responsive to key technical price levels recently. As money managers who rely quite a bit on the charts, it’s always comforting to work with securities and data series that conform reliably to charting analysis. On the other hand, most chartists can probably think of…

5 Energy Stocks That Are Gaining Momentum

The major stock market indices regained much of their losses yesterday but may face an uphill climb again today.  One of the bright spots in the market over recent days/weeks has been the Energy Sector. Today I’ll comment and look at 5 Energy stocks in the Oil & Gas Exploration…

Utilities Stocks Bubble: Buying 2.5% Yield At 3.5X Sales?

Utilities stocks (NYSEARCA:XLU) have been on a tear in 2016, catching and reeling in several investors chasing yield. And this behavior may be blowing a Utilities stocks bubble. The likely impetus for this behavior is tied to monetary policy and ZIRP implemented by Central Banks. How this ends no one…

Grain Prices Looking To Find A Nearby Bottom

The reasons are mounting for a nearby low in grains, namely the price action. The guys from Trading On The Mark discuss what to look for when asking, will grain prices bottom soon?  As with most commodities, grain prices have been following a generally downward path since 2012. However, there are…