Tag "trading ideas"

Japanese Yen Rally At Crossroads: Watch This Resistance!

After experiencing a very newsworthy decline from 2012 to 2015, the Japanese Yen has recovered strongly in 2016. But the Japanese Yen rally is “running” into resistance. You can see this in the chart below. The chart looks at the past 20 years.  As you can see, the Yen spent the…

S&P 500 Futures Trading Outlook For September 30

Stock market outlook for September 30, 2016 – After breaking yesterday’s lows overnight, S&P 500 futures are bouncing into congestion. Front line resistance sits at 2149, well below the support levels assessed in yesterday’s trading. We still need to pay attention to sellers at the top of the range near…

S&P 500 Futures Trading Outlook For September 29

Stock Market Futures Outlook for September 29, 2016 – Range bound behavior on the S&P 500 (INDEXSP:.INX) continues. The winning trader has been trading the range bound channel – moving in at price support and out at price resistance, or the reverse. We still need to pay attention to sellers…

Charting A Topping Pattern On The Russell 2000 ETF (IWM)

September has presented traders with several warning signs of instability in equity and bond markets. So we are focusing our posts and our newsletter this week on developments in various stock market indices. We are especially interested in identifying signs of pattern completion and weakening momentum as stock market indices…

Crude Oil Chart: Compression Signal Points To New Trend

After an amazing snapback rally earlier this year, Crude Oil prices have spent time consolidating. In short, the tension is building as traders await Crude Oil’s next big move. Crude Oil Chart & Price Action Insights Yesterday Crude Oil futures (CL) signaled an extremehurst compression signal. This market signal is non-directional but indicates…

S&P 500 Futures Trading Outlook For September 28

Stock Market Futures Outlook for September 28, 2016 – After the initial fade into the morning yesterday, the S&P 500 (INDEXSP:.INX) lifted off the lows. S&P 500 futures now sit just below the open of the week. If futures can breach 2159, we’re likely to hold gains today. We will…

S&P 500 Futures Trading Outlook For September 27

Stock Market Futures Outlook for September 27, 2016 – After the Presidential debate last night, we still remain landlocked, though the charts did show quite a bit of weakness prior to the bounce. I’ll be watching the S&P 500 (INDEXSP:.INX) for signals that this weakness might continue. S&P 500 futures still sit…

S&P 500 Futures Trading Outlook For September 26

Stock Market Futures Overview & Trading Outlook for September 26, 2016 It’s good to be back after 12 days off – but the passage of time has had little effect on the overall resolution of the market and S&P 500 (INDEXSP:.INX). The first week in September brought a big dip…

Can The Precious Metals & Mining ETF (XME) Hold Its Breakout?

It’s no secret that one of the biggest laggards within the equity market over the past 5 years has been the precious metals & mining group. After a blowoff top in 2008, the space absolutely cratered. Following the broad stock market bottom in 2009, the sector rallied along with the…

Gold And Silver Update: Are Bulls On The Verge?

One of the themes of 2016 has been the revival of Gold prices (NYSEARCA:GLD). After reaching new multi-year lows in late 2015, Gold has regained some luster with a strong multi-month rally in 2016. But it isn’t fully out of the bear market woods just yet. Both Gold and Silver prices…