Commodities

Crude Oil Chart Spotlight: Is It Really This Obvious?

As a technical trader, I layer into trades largely based off the price action. In other words, I monitor price support and resistance levels (from patterns to Fibs to MA’s to congestion) and monitor technical indicators at these levels. This also provides me with a means of measuring my risk…

S&P 500 Futures Outlook For Traders – May 26

S&P 500 futures outlook for May 26, 2016 – With buyers still having much to prove, holding lower supports will be critical today. The move upward will be heavily contested, and upside motion into 2095-2097 should quickly fail, if the buyers get traction over 2091. At this writing, we are…

What Is Under Your ETF’s Hood?

Much is written daily about exchange traded funds (ETFs) as they continue to grow in popularity and are increasingly becoming the vehicle of choice for investment portfolios. There are now roughly 2,000 ETFs listed in the U.S. and there are multiple funds covering any given financial market index, asset class, sector, sub-sector,…

Stock Market Futures Climb Higher As Bulls Make A Move

Stock Market Futures Outlook for May 24, 2016  (S&P 500 futures – ES_F) – Resistance spans up to 2059.75. Holding 2053 for the early hours may help see expansion upwards. Buyers continue to surprise just when the charts begin to look weak, as they did yesterday. Signs of weakness can only be…

S&P 500 Futures Update For May 23: Watch That Momentum

Outlook for S&P 500 futures for May 23, 2016 – Significant overhead supply sits near 2057.5 at this time, and we sit near familiar regions of days and weeks past near 2046.5.  So the battle between bulls and bears continues into this week. Deeper support on S&P 500 futures sits below…

May 20 COT Report Data: Is Mr. Market Ready For Risk-On?

The following is a recap of the May 20 COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of May 17. Note that the change in COT report data is week-over-week. This blog post originally appeared…

U.S. Corn And Soybeans Update: 2016 Price Forecasting

Corn and Soybean summary for the week ending 5/20/2016: It was another week of largely sideways to slightly higher price action in corn futures with soybeans closing slightly lower. December corn futures closed up 1 ½-cents per bushel week-on-week, finishing on Friday at $3.99 ¾ per bushel. November soybean futures…

Top Trading Links: Data & Insights That Matter

Stocks had another volatile week. You wouldn’t know it by seeing the final numbers: S&P 500 Index (+0.3%). In reality, stocks opened higher last Monday reaching as high as 2071 before 2025 on Thursday. But a late week kick-save by the bulls kept the market churning. The S&P 500 is…