Stocks & ETFs

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…

Russell 2000 ETF (IWM) Should Resume Decline Soon

As the stock indices have become more volatile in recent weeks, we have been updating our charts and targets. This post offers a quick snapshot of progress in the iShares Russell 2000 ETF (symbol IWM). The pattern analysis also applies to the Russell 2000 index itself. In the larger picture,…

Alphabet (GOOGL) Hits Wave 5 Price Target: Upside Limited

Google’s stock, now known as Alphabet (GOOGL), posted a strong performance in 2015.  And its fast become one of investors favorite names in the large cap tech space. But after reporting solid earnings on Monday that sent the stock higher in after-hours, GOOGL reversed and headed lower Tuesday and Wednesday….