Tag "trading ideas"

S&P 500 Futures Trading Outlook For June 30

Stock Market Outlook for June 30, 2016 – The end of the month and end of the quarter should bring some volatility, particularly into the end of the day. S&P 500 futures have been ruled by the buyers and the chart is now stretched well above initial targets for the…

S&P 500 Futures Trading Outlook For June 29

S&P 500 Futures June 29 – Trading Outlook (ES_F) – S&P 500 futures are continuing to bounce higher on Wednesday. If we can overtake 2043.5 to 2045.25 and hold, then we’ll likely stair step right back into 2064 to 2067. Deeper support sits at 2025-2028. This would mark another region of higher…

Stock Market Futures Trading Outlook For June 28

Stock Market Futures Trading Outlook for June 28, 2016 – S&P 500 futures are in the process of bouncing off extended support regions and are now testing resistance from prior days. Though there is a definite bearish undercurrent, the charts seem ready to hold higher lows today, as we settle into…

S&P 500 Futures Trading Outlook For June 27

Stock Market Futures Outlook for June 27, 2016 – S&P 500 futures bounced on Friday but has failed to hold gains as markets across the seas are down again in the wake of the EU referendum in Britain. If S&P 500 futures dip below 1999, we see another support level near 1994.5,…

S&P 500 Futures Trading Outlook For June 24

S&P 500 Futures Trading Outlook for June 24, 2016  (ES_F) The EU Referendum (Brexit) surprised the market with a Britain vote to exit the EU. The currency markets are roiling as the British Pound falls in the wake of the news. And global stock markets are trading lower. S&P 500…

SPS Commerce (SPSC) Making Comeback As E-Commerce Heats Up

SPS Commerce (SPSC) is a Tech stock that recently came back under my radar as shares have shown strong price action since the February sell-off. In trading yesterday, SPSC moved out of a tight bull flag to close back above its 200 day moving average. The longer term chart shows…

Tesla ($TSLA) Stock Nears Support As Sentiment Sours

There are a lot of opinions about Tesla’s offer to acquire SolarCity. There are potential conflicts of interest, and both companies are bleeding cash etc. Institutional Fund managers and retail investors alike are raising red flags about Tesla stock on the news. In fact, there are so many concerns about…

BREXIT Vote To Clarify British Pound’s Next Move

As of this writing, we do not yet know the outcome of the Brexit vote. Even so, we expect the event to jostle the British Pound into one of two possible Elliott wave scenarios. Whichever path the British Pound takes, it should produce good trade openings over the coming months….

Global Market Review: Equities Trading Strong Into BREXIT

Mild gains across US equities come on the heels of European strength. The DAX and UK are leading. At the same time, the S&P 500 has trudged higher by only about 12 points in the last 4 days (but regained about 50% of what was lost since 6/8-6/16) In general, most…