Major Indices

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…

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:…

Stock Market Bears Driving Deep into Bulls Territory

Once again, the bears have the ball, 1st and goal from the 1 yard line. And, yes, we’ve seen this quite a bit in recent months with market bulls making many goal line stands. The bears have tried too many trick plays in this position, and it’s time to take it right up…

S&P 500 Futures Clinging To Key Support; Battle Lines Drawn

Yesterday was an aggressive day of range-bound trading that left traders battling at lines of major congestion between 1902 – 1907 on S&P 500 futures. With moving averages flat and momentum neutral, the charts should continue to swing from buyers stepping in near 1896-1900 and sellers stopping the advance near the…