Tag "trading ideas"

Insurance Stocks To Watch As Sector Breakout Hits All-Time Highs

Possible interest rate hikes? No hurricanes? No problem. Insurance stocks are breaking out and new all-time highs may just be the start. We’ve heard about the drought in Hurricanes over the last 10 years, with no major hurricanes (Category 3 or above) making landfall since 2005. Sure enough, we’ve seen a…

S&P 500 Futures Trading Outlook For August 29

S&P 500 Futures Trading Overview and Stock Market Futures Outlook for August 29, 2016 This week’s big economic release will be the employment outlook on Friday. The commentary from FOMC Chair, Janet Yellen, did little to move the S&P 500 Index (INDEXSP:.INX) out of its trading range.  S&P 500 futures…

Gold (GLD) Chart Update: Time For A Correction?

Since we last wrote about the SPDR Gold ETF (NYSEARCA:GLD) in March, the Elliott wave pattern has come into focus for the Gold ETF (you can find our prior article here). Gold price targets for the wave higher have been met and a move lower (or price correction) may be in…

S&P 500 Futures Trading Outlook For August 26

A high level overview of stock market futures for August 26, 2016 shows a market that is range bound and waiting for a catalyst. Perhaps today will give traders that catalyst. The S&P 500 (INDEXSP:.INX) has been wrapped in a tight range for some time… ready for a move. Let’s…

S&P 500 Futures Trading Outlook For August 25th

Before we get into the details of today’s trading action and the S&P 500 futures trading outlook, let’s start with a broad stock market overview. The S&P 500 Index (INDEXSP:.INX) steady drift down into the bottom of the market’s broad range saw several failed bounces. Some say this is just the stock…

4 Market Concerns For Traders Into Jackson Hole

Wednesday’s selling was the first bearish sign for stocks in the last couple weeks. The S&P 500 (INDEXSP:.INX) undercut the lows of its most recent pennant formation which had been formed since early August. This could bring about a test of the mid-August lows and is viewed as a short-term negative for the…

S&P 500 Futures Trading Outlook For August 24th

S&P 500 Futures Trading Outlook for August 24, 2016 – As with yesterday, the morning finds us just above congestion at 2186 on S&P 500 futures. Charts continue their bullish slant but under damp momentum. A breach above 2187.75 may only take us to the top of the range near…

S&P 500 Futures Trading Outlook For August 23rd

Macro Trading Outlook for S&P 500 Futures – August 23, 2016 Early morning finds stock market futures up a bit and battling congestion. S&P 500 futures are just above congestion at 2186, as charts hold their bullish slant. A breach above 2187.75 may only take us to the top of…