Major Indices

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…

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…

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…

S&P 500 Update: Yearly Trading Pivots Come Into Play

A few weeks ago, I wrote a post highlighting an important S&P 500 Index (INDEXSP:.INX) yearly trading pivot that served as both a price target and trading support level. That level was 1997.  And post-Brexit, the S&P 500 dipped as low as 1991 (and it’s lowest close was 2000). From there we…

London FTSE Stock Market Breakout? Watch This Setup!

There’s been a lot of chatter about the UK vote to leave the EU (Brexit). Most of the talk last week was negative as the British Pound cratered. However, that negativity has been muted into the holiday weekend as stocks have rallied higher. Moreover, the London stock market (INDEXFTSE:UKX) has…

3 Reasons Why This Stock Market Pullback Is Bullish

The 3 highlighted paragraphs below were sent out to subscribers right after the market close on Thursday. Little did I know just how powerful it was. While I have been calling for a stock market pullback the past couple of weeks, which would set the stock market up for new…

Stock Market Triple Top? Perhaps On This Broad Index!

The stock market has been on shaky ground the past week or so. But this pullback is overdue, considering the big rally this spring. So this could be bullish consolidation… or it could be the initial stages of a bigger pullback. A potential stock market triple top on the Valu-Line Geometric…

S&P 500 Pullback May Set Up Rally To 2300 to 2500

The great thing about being a market technician today vs. less than ten years ago is instant access to the crowd. That is, social media. As I hope most of you know, I post somewhat regularly on Twitter. I also analyze the market mood on Twitter and, right now, the…