US Markets

S&P 500 Futures Trading Outlook For July 20

Outlook for July 20, 2016 – Stock market futures are heading higher this morning which should lead to a higher open for the S&P 500 Index (INDEXSP:.INX).  Earlier this week S&P 500 futures saw a few bounces fail before finally bouncing off lower support and rallying. It tested 2167.25 this morning, just shy…

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…

Time To Jump Back Into Stocks? Hold That Thought…

Almost a year ago I remember predicting that the S&P 500 Index (INDEXSP:.INX) would set lower lows before it reached higher highs. The S&P 500 hit an all-time high of 2132 back on July 20, 2015. As a result I had been moving out of stocks as we approached August 2015….

S&P 500 Futures Trading Outlook For July 15

S&P 500 Futures Trading Outlook (high level) Let’s take a look at the broad market using S&P 500 futures (ES_F) – Friday morning’s subdued price action is setting up for a bigger move (with 2151 as support and 2159 as resistance). Breaches in either direction could expand as technical divergence…

U.S. Economic Data: New Highs In Retail Sales And Wage Growth

Summary: The macro data from the past month continues to mostly point to positive economic growth. On balance, the evidence suggests the imminent onset of a recession is unlikely. The following is an excerpt from a post on Urban Carmel’s blog The Fat Pitch.   Overall, the main positives from the recent U.S. economic data…

Technical Indicators Improve Into Stock Market Rally

The July stock market rally continued last week with equity markets up more than 1.0% last week. It’s interesting to note hat virtually all the gains occurred on Friday. A better-than-expected jobs report for June was credited with Friday’s surge in the stock market. However, a new record-low yield for the…

Stock Market Update: Technical Thoughts & Analysis For July 12

S&P 500 FUTURES – SEPT  (SPm6) 2129-30, 2121-2, 2080-2, 2071     Price Support 2138-40, 2145-6, 2160-2              Price Resistance   S&P Futures Trading Outlook (2-3 Days):  Bullish into late Tuesday/Wednesday – still looks a bit early for traders to fade this move. The S&P 500 Index…

U.S. Corn Outlook: Is 2016 Crop As Good As 2014?

December corn futures closed down 4 ½-cents on the week, finishing on Friday at $3.62 ½. However Friday’s lower weekly close was also 16 ½-cents above Wednesday’s new contract low of $3.46. Therefore Friday’s trading session marked the first sign of a market potentially carving out an intermediate bottom. This…

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…