Tag "trading setups"

Financial Sector ETF (NYSEARCA:XLF): Ready To Breakout?

Chart patterns are no more than probability… sometimes they work and sometimes they don’t.  As a chart pattern recognition guy, I use them to identify potential turning points (or trend changes).  Today we’ll revisit the SPDR Financial Sector ETF (NYSEARCA:XLF). Back in June of 2015, we spotted an $XLF “SELL” Pattern….

Are Natural Gas Prices Ready To Rally Again?

Natural Gas had its typical seasonal springtime rally, as well as a typical summertime pullback. The seasonality trade has worked like a charm thus far, and history suggests a general bearish trend until Labor Day. The chart, on the other hand, is showing some bullish signs after a Natural Gas…

S&P Mid-Cap Index: Tightest Range In 20 Years

The S&P Mid-Cap Index (INDEXNYSEGIS:MID) is trading in the tightest 8-day range in over 20 years; is a big move imminent? Last week, we wrote about the Dow Jones Industrial Average’s rare streak of 7 consecutive all-time highs since its long-awaited breakout. However, scanning the broad equity landscape, it appears that…

S&P 500 Futures Trading Outlook For July 25

S&P 500 Futures Trading Outlook for July 25, 2016 – Monday is beginning quietly in a light news day amidst earnings releases. Stock market futures are neutral at the time of this writing indicating flat opening for the S&P 500 Index (INDEXSP:.INX). Bullish formations continue as traders produced a bounce off the…

S&P 500 Futures Trading Outlook For July 22

S&P 500 Futures Trading Outlook for July 22, 2016 –  A look at stock market futures using the S&P 500 futures chart (ES_F) shows poor volume on the breaches from Wednesday into the fade. S&P 500 futures lost 2155 yesterday before quickly recovering it. Today, in the continuing bullish environment, the…

Stock Market Update: Looking At The Weeks Ahead

The price action is once again at all time highs for the major stock market indices. So, where do we go from here? Could a stock market pullback be lurking around the corner? To actually consider that I would or for that matter, anyone would know where this market may…

Smart Money Positions For Rotation Into Financial Stocks

Smart Money Option Traders Position for Rotation to Financial Stocks / Sector Financial stocks, Banks and Insurance in particular, have been one of the places to avoid during this multi-year bull market. Those sectors were amongst those lagging the most… and they offered very little in terms of revenue growth….

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…

iShares MSCI Italy ETF (EWI) Looks Ready To Bounce Higher

In recent years, and especially in recent months, a confluence of events and circumstances has led to much-reduced expectations for economic growth in Italy. While we agree that the Italian economy offers many reasons to worry in the long term, our charts suggest that equity in Italian companies has swung…