Global Markets

S&P 500 Futures Trading Outlook For July 28

S&P 500 Futures Broad Market Overview for July 28, 2016  –  The Federal Open Market Committee (FOMC) release yesterday did little to shake the charts from their congested levels. Though we dipped deeply into support, once again, a tradable buying opportunity was at hand. Early morning S&P 500 futures trading…

CHART: Higher Oil Prices Trigger Oil Production Increase

The following was written by the Richardson GMP Asset Management Team. An interesting thing happened this week, total oil production rose for just the third time this year. The +0.68% oil production increase was the largest increase since last October. It’s not all that surprising; it’s simple economics. Higher prices…

Market Update: Technical Thoughts Heading Into The Weekend

S&P Futures (near-term trading outlook): – Bullish, growing more positive over 2104 for a move to 2122-3- The neutral range in the last week should give way to more volatility in the days ahead but I’m favoring a bullish bias given the positive action in Healthcare, Industrials with A/D lines back at new…

Brexit: History Says Stocks Recover Quickly From Market Events

Key Takeaway: While the results of the UK vote and advisory referendum have prompted swift reaction in the financial markets, the political path forward is uncertain. Further, there should be no expectation of swift or perhaps even clear resolution. However, history suggests that stocks tend to rebound quickly from market…

Historic Brexit Vote Rattles Markets; Treasury Bonds Gain

Last Thursday the markets were upbeat on the expectation that UK voters would vote to remain a part of the European Union. Then on Friday morning we learned that the ‘consensus’ was wrong and that the people of the UK voted to once again control their country’s destiny. The historic Brexit vote caught…

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…

BREXIT Update: Weighing The Financial Markets, News, And Polls

BREXIT Update: Polls Lean Go, Markets Lean Stay A referendum is being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union (EU). Polls currently indicate a bias for the leave scenario. However, Great Britain’s wagering markets continue to show a bias toward…

S&P 500 Futures Trading Outlook For June 14

S&P 500 Futures Trading Outlook for June 14, 2016  (ES_F) Charts dipped yesterday and that dip has held as we begin Tuesday, and the FOMC meetings begin. As a reminder, all classes of options expire this week. This environment usually sends us into at least one day of big volatility….

Financial Markets Update: Brexit Adds To Currency Concerns

May was an eventful month, as moderate oil prices and continued US Dollar strength took their toll around the world. Crude oil exporters such as Venezuela, Saudi Arabia, Nigeria, the United Arab Emirates, have devalued their currencies or are concerned that they must. Other nations below the radar are also facing…

S&P 500 Futures Update: Can Bulls Keep The Momentum?

S&P 500 futures outlook for June 8, 2016 – ES_F –Breakout formations grinding higher this morning after a day of consolidation at these breakout levels, and momentum continues to hold higher levels, but is now flattening. Overall, patterns still look bullish, with the best behavior of removing at targets above…