US Markets

One Last Farewell To The SPY January Trading Range

Late last year, the markets began to show some signs of weakness. Cracks were showing up under the surface, investor sentiment was getting frothy, and volatility was back en vogue. All signs of caution. With this in mind, it shouldn’t be too surprising that the stock market decided shake, rattle, and roll in January. But what was even wilder, was that the equity market’s turning points throughout the month created

Amazon (AMZN) Earnings Boost Stock, Trigger Chart Breakout

The monster Amazon earnings reaction has triggered a handful of bullish technical developments in Amazon’s stock (AMZN). To recap, the stock had been loitering in a downtrend (lower highs) for the past year. And muted Amazon earnings expectations allowed the stock to pop on its earnings beat. And this set the stage for today’s AMZN chart breakout to new 6 month highs. Let’s take a look at the chart and

Why Investors Should Watch 1976 On The S&P 500

Math plays a big role in nature and the financial markets. For instance, several trading algorithms use Fibonacci retracement levels to identify levels where buyers may interest in stocks (support). The math provided below may be helpful to us in the coming days. At a minimum, it is prudent for investors to be aware of the possibility that the S&P 500 could bounce near 1976 should the market test that level: The

Apple Earnings Preview: Expectations Flying High For AAPL

It’s been an interesting earnings day for Apple (AAPL) stock. After appearing to break out of a large wedge, AAPL slipped on Monday before gapping down today. Perhaps earnings from Microsoft (MSFT) spooked investors, as currency concerns begin to loom larger. Or maybe it was the big miss on the December retail sales release. Either way, investors are showing some concern heading into Apple earnings after the bell. According to

Fed Week: What’s On Tap For January 28 FOMC Statement

This was a big week for the financial markets even before the Greek elections stole the headlines on Sunday. With several economic data releases on tap this week, the markets will have plenty to digest. And investors hope they’ll get a better idea of where the equities markets are headed. Oh, and I almost forgot, it’s also FED week. Perhaps my lack of enthusiasm means that the Fed meeting and accompanying FOMC statement on

Will Central Bank Policies Lead Investors To The Punch Bowl… Again?

Central Bank intervention works and sometimes it works a little too well. However, what happens when Central Bank policies fail to generate growth? Japan is the canary in the coal mine for that scenario and a country that we should be watching closely. At some point, the U.S. will probably have the misfortune of finding out what happens when accommodative policies stop working, but for now everyone wants to follow the lead of

Silver Prices Nearing Major Technical Resistance Into $19

Silver prices have enjoyed a nice rally in the early going of 2015, reaching up as high as $18.50 per ounce. The recent thrust higher likely has to do with European concerns and tension around the Swiss National Bank situation and the ECB bond buying program, but either way, price has moved higher. It’s also worth noting that the rally has landed silver right in thick of heavy price resistance.

Silver Copper Ratio Breakout Triggers Pairs Trade

Silver has been setting up pretty well for a trade. I noticed this a couple weeks back and posted about a pairs trade with Copper (long Silver, short Copper). You can read that post here.  Why was I interested in this trade? Well, in short, Silver looked like it was ready to move higher while Copper still looked week.  And this was visible on the Silver Copper ratio chart. The chart below

Making Sense Of Today’s Market Risks

There have been several events that have occurred in the last days and weeks that, in my opinion, signify that the inherent market risks around the globe are increasing. When a risk manager uses the term ‘risk’, what he or she is really talking about is uncertainty. If I own a 10-year US Government Bond that is paying 2% then I expect to receive the interest on it and for