US Markets

Stock Market Futures Lower Again; Will Bulls Step Up?

Stock market futures outlook for May 4 –  S&P 500 futures made several attempts to breach and hold a key support level around 2060.5 (noted in yesterday’s post) and it failed. And, as suspected, we advanced lower into that baseline level of 2046. We’ve lost that level as well, but…

Rapid Sector Rotation Boosts Energy & Materials Stocks

The Dow Jones Industrials and S&P 500 lost 1.3% last week, leaving those stock market indices up just 1.0% through the first four months of 2016. The weakness was directly the result of first-quarter profit declines and a report that GDP growth for the first quarter was an anemic 0.5%,…

American Airlines Stock (AAL): Out Of Gas Or Ready To Fly?

Despite topping Q1 EPS estimates and authorizing a $2B share repurchase program, investors in American Airlines stock (AAL) haven’t been impressed by the company’s performance. Lower fuel prices have been a tailwind for the largest airline in the world, but revenue fell 4% in the first quarter. Consequently, consolidated passenger…

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…

U.S. Corn & Soybeans Weekly Review: The Bullish View

This week I felt it necessary to reexamine the Bullish arguments for both corn and soybeans with the market transitioning into the critical month of May for U.S. spring planting progress. Over the last 4-weeks both corn and soybean futures have been the beneficiaries of a largely unexpected yet incredibly…

S&P 500 Futures Chart: Time To Test Lower Support Levels?

For the past several days, I have been talking about the range we’ve been in.  During the past few weeks, the S&P 500 futures developed a floor around 2070. Any buyers swooped in each time S&P 500 futures declined into (or near) that level. But yesterday, the futures index broke…

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…