Market News & Insights

S&P 500 Futures Decline On Bank Of Japan Surprise

Stock market outlook for April 28 – The Bank of Japan surprised the markets dramatically by not making further moves to increase stimulus. The surprise sent the S&P 500 futures (ES_F) right down into the bottom of the range that should bring buyers to make a play. This lower support…

S&P 500 Futures Move Lower; Test Buyers Resolve

April 26 stock market futures outlook – A weekly close above 2082 on S&P 500 futures (ES_F) was a fair signal that buyers are still intent on holding paths north, but undercurrents in this market remain mixed. If prevailing strength were wholly positive, we would see more individual charts catch…

Dovish Federal Reserve Lifts Stocks; But Can They Boost Economy?

The Federal Reserve’s failure to raise interest rates at its last meeting has resulted in the credit market projecting that the next interest rate hike won’t occur until December of 2017. Back and forth we go… and now we have a dovish Federal Reserve. By failing to raise rates, the stock market…

Currency Spotlight: Did The USDJPY Bottom?

After months of trending higher, the Japanese Yen may be stalling. I wrote about this last month, specifically as it related to a potential USDJPY bottom. Today, I’d like to revise the USDJPY chart and provide an update. After watching the USDJPY rally off the 107 and change level, the…

S&P 500 Futures: Overhead Resistance Keeps Bulls In Check

April 21 S&P 500 futures overview – Charts moved just shy of our upper target yesterday and failed to breach the 2105.25 level overnight. Buyers hold strong again – and no differently under divergent momentum. Our ranges remain the same but watch for the expansion over 2105.75 to drive shorts to…

Weak Q1 GDP Growth May Obscure Underlying Economic Strength

Key Takeaway: First quarter GDP growth could fail to meet forecasts, but Q1 weakness in GDP is becoming a recurring theme. Other measures of the economy point to improving conditions or persistent strength. While our recent experience has been over-optimistic forecasts, such has not always been the case. The initial…

Broad Market Leading Stocks Higher In April

The equity markets rallied to the top of the trading range last week carrying the Dow Jones Industrials and S&P 500 to a stones-throw from all-time record highs. Stocks were supported by better-than-expected first-quarter earnings, improved economic data from China and continued technical improvement in the broad market. Although the…

April 19 S&P 500 Futures: Major Price Targets Come Into View

The Morning Report  –  Outlook for April 19 stock market futures (S&P 500) The S&P 500 futures chart expanded into trending formations yesterday and has held within the higher resistance regions. That said, traders have ignored divergent technical behavior beneath and have driven the ES_F into the next big region of…

S&P 500 Futures Retreat From Wall Of Resistance

S&P 500 futures outlook for Apr 18, 2016 – After traders were disappointed by the Doha ‘no decision’ outcome, the charts backed right down into Wednesday’s predicted test of support near 2061.5. Although the chart bounced off that support region, it did lose it for a time as sellers finally thought…