Stocks & ETFs

Defensive Sector ETFs Hit Targets, Reversals Next? (TLT & XLF)

As the stock market continues to hold near all-time highs into the end of August, two very important market sectors are potentially setting up for reversals. The 20-Year+ Treasury Bonds ETF (NASDAQ:TLT) and Utilities (NYSEARCA:XLU) have been market leaders in 2015 and 2016 as investors took a break from riskier equities like…

S&P 500 Futures Trading Outlook For August 30th

S&P 500 futures are trading a bit lower on Tuesday morning as traders heed the upper and lower boundaries of the recent price range. The S&P 500 Index (INDEXSP:.INX) moved higher yesterday, pushing the index toward the upper part of the range. But overnight movement on S&P 500 futures finds…

Insurance Stocks To Watch As Sector Breakout Hits All-Time Highs

Possible interest rate hikes? No hurricanes? No problem. Insurance stocks are breaking out and new all-time highs may just be the start. We’ve heard about the drought in Hurricanes over the last 10 years, with no major hurricanes (Category 3 or above) making landfall since 2005. Sure enough, we’ve seen a…

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 26

A high level overview of stock market futures for August 26, 2016 shows a market that is range bound and waiting for a catalyst. Perhaps today will give traders that catalyst. The S&P 500 (INDEXSP:.INX) has been wrapped in a tight range for some time… ready for a move. Let’s…

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…