Stocks & ETFs

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…

iShares MSCI Italy ETF (EWI) Looks Ready To Bounce Higher

In recent years, and especially in recent months, a confluence of events and circumstances has led to much-reduced expectations for economic growth in Italy. While we agree that the Italian economy offers many reasons to worry in the long term, our charts suggest that equity in Italian companies has swung…

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…

Bullish On The Energy Sector (XLE)? Wait For Confirmation

The Energy Sector (NYSEARCA:XLE) looks primed for a breakout. Should this occur, it would have huge implications for energy stocks and related ETFs. Today we’ll look at the daily and weekly charts for the sector ETF (XLE). Are the bulls about to run? And will Crude Oil futures and other…

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…

TLT Price Target In View As Treasury Bonds Stretched

US Treasury bonds continue to move higher to the amazement of many. In my latest post on the 20 Year Treasury Bond ETF (NASDAQ:TLT), I showed how the price pattern had failed around the 134-135 level. And that failure gave way to a new chart pattern targeting 145. Note that…

Russell 2000 Chart Pattern May Hold Key To Market Breakout

The Russell 2000 Index (INDEXRUSSELL:RUT) is still well off its 52 week highs. The underperformance has been due to investors preference for lower risk, high quality blue chip stocks (over the past 2 years). Needless to say, the Russell 2000 Index is a very important gauge/indicator of market behavior. Right…

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…