Stocks & ETFs

S&P 500 Futures Trading Outlook For June 24

S&P 500 Futures Trading Outlook for June 24, 2016  (ES_F) The EU Referendum (Brexit) surprised the market with a Britain vote to exit the EU. The currency markets are roiling as the British Pound falls in the wake of the news. And global stock markets are trading lower. S&P 500…

Tesla ($TSLA) Stock Nears Support As Sentiment Sours

There are a lot of opinions about Tesla’s offer to acquire SolarCity. There are potential conflicts of interest, and both companies are bleeding cash etc. Institutional Fund managers and retail investors alike are raising red flags about Tesla stock on the news. In fact, there are so many concerns about…

3 Reasons Why The Tesla-SolarCity Deal Looks Fugly

I’ve been posting some collaborations with Arun Chopra, a good friend who holds a CFA and CMT. Together, we have been blending longer-term fundamental indicators with technical indicators. Today, we look at Tesla (TSLA) and its future prospects after offering to swallow up SolarCity (SCTY). Tesla’s recent buyout offer of…

BREXIT Vote To Clarify British Pound’s Next Move

As of this writing, we do not yet know the outcome of the Brexit vote. Even so, we expect the event to jostle the British Pound into one of two possible Elliott wave scenarios. Whichever path the British Pound takes, it should produce good trade openings over the coming months….

S&P 500 Futures Trading Outlook For June 21

S&P 500 Futures Trading Outlook for June 21, 2016 (ES_F) – In S&P 500 futures trading, the charts continue to bounce showing higher lows, and a push to resistance for a second day. For lunar and cycle folks, today is the summer solstice. We will see the most sunlight of the…

Outlook For U.S. Treasury Bonds Remains Bearish

Here we present updates to our March 2016 forecast for the iShares Barclays 20+ Year Treasury Bonds ETF (symbol TLT) and our September 2015 forecast for 30-year treasury bond futures. Our outlook is bearish treasury bonds (both issues), consistent with the idea that the Fed will raise interest rates one…

Investor Chart Watch: European Financials (EUFN)

The carnage in banking stocks of developed countries in Europe has been a persistent theme throughout the last year. The combination of adverse economic progress coupled with negative interest rates in many developed countries has wreaked havoc with European financial institutions such as Credit Suisse Group (CS) and Deutsche Bank…

S&P 500 Futures Trading Outlook For June 20

S&P 500 Trading Outlook for June 20, 2016 (ES_F) – S&P 500 futures continue to bounce showing higher lows, and a push to resistance. Traders have settled into a presumed failure of the EU referendum for Britain leaving on Thursday. Volatility should be high this week, particularly currencies. Support levels…

3 Stocks That Are Ready To Make A Move ($CLX, $JOY, $VRX)

No trading edge is complete without an understanding of the concepts of support (demand) and resistance (supply). The most successful traders I know focus solely on these concepts, employing both for entries and exits, for measuring overbought and oversold conditions, for confirming chart patterns, and for determining trends and trend…

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…