Commodities

S&P 500 Futures Trading Outlook For July 27

S&P 500 Futures Trading Outlook for July 27, 2016 – The broader stock market indices led by the S&P 500 Index (INDEXSP:.INX) are looking forward to the Federal Open Market Committee (FOMC) meeting release today at 2pm. More specifically, active investors are awaiting news from the FOMC on interest rates. It seemed a forgone…

S&P 500 Futures Trading Outlook For July 26

S&P 500 Futures Trading Outlook for July 26, 2016 – Broad stock market formations appear to be in a wait and see state of some kind with consolidation being the order of the day. We are entering our 7th day testing the 2159 area. There will be a break of some magnitude once…

July 22 COT Report Data: Equities & Commodities Futures

The following is a recap of the July 22 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 July 19. Note that the change in COT report data is week-over-week. Excerpts of this blog post…

Are Natural Gas Prices Ready To Rally Again?

Natural Gas had its typical seasonal springtime rally, as well as a typical summertime pullback. The seasonality trade has worked like a charm thus far, and history suggests a general bearish trend until Labor Day. The chart, on the other hand, is showing some bullish signs after a Natural Gas…

S&P 500 Futures Trading Outlook For July 25

S&P 500 Futures Trading Outlook for July 25, 2016 – Monday is beginning quietly in a light news day amidst earnings releases. Stock market futures are neutral at the time of this writing indicating flat opening for the S&P 500 Index (INDEXSP:.INX). Bullish formations continue as traders produced a bounce off the…

Fund Managers Asset Allocation For July

Summary: Since February, US equities have risen nearly 20%. Equities outside the US have risen 12%. A tailwind for this rally has been the bearish positioning of investors, with fund managers’ cash in February at the highest level since 2001. Similarly, their equity allocations in February had only been lower in…

Trading Update: S&P 500 To Make One Final Push Higher?

The major stock market indices continued to gain ground on Friday, with the S&P 500 Index (INDEXSP:.INX) stretching higher by nearly 0.50%. Transportation stocks and small cap stocks are showing outperformance. That said, to some extent Friday was led more by defensive groups like Utilities and Telecomm. They showed the…

S&P 500 Futures Trading Outlook For July 22

S&P 500 Futures Trading Outlook for July 22, 2016 –  A look at stock market futures using the S&P 500 futures chart (ES_F) shows poor volume on the breaches from Wednesday into the fade. S&P 500 futures lost 2155 yesterday before quickly recovering it. Today, in the continuing bullish environment, the…

Global Debt Crisis: Default, Extend And Pretend, Or Inflate

Total Global Debt Is Much Worse Than 2007 Global debt levels have increased at a rapid rate since the financial crisis. Debt, of course, has to be taken in the context of an economy’s ability to generate value. From Mauldin/Dillian: The US has a 103% debt-to-GDP ratio. It’ll go up…

S&P 500 Up Again; Gold Decline Accelerates

Technically, the trend remains bullish and the S&P 500 futures rally is still showing very little signs of fading. The morning pre-market pop sent US Equity futures back near the highs. There’s evidence that this 5 day consolidation is now resolving itself to the upside. But as equities remain elevated, Gold…