Stocks & ETFs

Will The Rally In Disney Stock (DIS) Be Frozen Here?

The recent rally in shares of Disney stock (DIS) has been good for investors and traders alike. But will the momentum be enough to carry DIS higher yet? That question comes directly from the chart below of Disney stock price. As you can see, the stock has rallied back to…

S&P 500 Futures Chart: Time To Test Lower Support Levels?

For the past several days, I have been talking about the range we’ve been in.  During the past few weeks, the S&P 500 futures developed a floor around 2070. Any buyers swooped in each time S&P 500 futures declined into (or near) that level. But yesterday, the futures index broke…

S&P 500 Futures Decline On Bank Of Japan Surprise

Stock market outlook for April 28 – The Bank of Japan surprised the markets dramatically by not making further moves to increase stimulus. The surprise sent the S&P 500 futures (ES_F) right down into the bottom of the range that should bring buyers to make a play. This lower support…

S&P 500 Market Update: All Eyes On The Prize… 2111

Thus far, April has been pretty good to the stock market bulls. Seasonal tailwinds and a Dovish Federal Reserve have helped to push both stocks and commodities higher. But there’s still a sense of unfinished business: The bulls have yet to see new all-time highs. Like it or not, that’s…

April 27 Stock Market Futures: Waiting On The Federal Reserve

April 27 stock market futures outlook – The FOMC release today is at 2pm eastern. We trade in a tight range on the S&P 500 futures (ES_F), unlike the Nasdaq 100 futures (NQ_F), which fell rapidly and steeply on Apple’s (AAPL) earnings. For the S&P 500 futures, our support and resistance levels…

S&P 500 Futures Update: Markets Chop In Wait Of Fed

Outlook for S&P 500 futures April 26 – Waiting on the Fed – The Federal Open Market Committee (FOMC) is set to release a statement tomorrow, and in the meantime, the stock market indices are holding support regions into the announcement. Our overhead resistance levels for S&P 500 futures remain the…

Are The FANG Stocks Signaling Trouble For Broad Market?

I have spent some time lately collaborating on a research project with Arun Chopra, a good friend who holds a CFA and CMT. Together, we have been blended fundamental indicators with technical indicators and key market themes to highlight opportunities in the market. Today, we’ll look at a chart of the…

Amazon Stock Chart Update: Retracing The Decline

The last 4 months has been a roller coaster ride for Amazon (AMZN) shareholders. During this time, the stock fell over 200 points (or nearly 30 percent) before recovering a good portion of the decline on a snap-back rally. Back in November 2015 I spent some time showing the geometry…