Global Markets

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…

U.S. Corn Weekly Report: Fundamentals Lagging Prices

Corn summary WEEK ENDING 6/3/2016:  As of Friday’s closes (6/3), December corn futures traded up 6 ¼-cents per bushel week-on-week, closing at a new 2016 calendar year high of $4.19 ¾. Monday’s Crop Progress report showed U.S. corn planting progress improving to 94% as of May 29th versus 94% in…

Economic Data Watch: June Federal Reserve Meeting Looms

April was an uneventful month, as oil and the U.S. stock market drifted a bit higher and investors began to speculate about the June Federal Reserve meeting. As well, official data from China indicated that the capital flight has abated somewhat, which lent a bit of support to global stock market…

Baidu (BIDU): Chinese Investigation Dragging Stock Lower

Baidu (BIDU), the largest internet search engine company in China, has come under fire as of late after one of its users, a 21 year old university student Wei Zexi died after trying an experimental cancer treatment he found advertised on the website. Once the treatment failed he took to social media…

S&P 500 Futures Rise As Stocks Catch A Bid

Stock Market Outlook for May 2, 2016 – A look at the monthly chart for S&P 500 futures (ES_F) still shows bullish weight with mild negative divergence. The weekly chart will confirm this, so long as we hold, and/or recover the 2045 region as support. After bouncing off support last…