Tag "trading setups"

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….

S&P 500 Futures Trading Outlook For June 22

Futures Trading Outlook for June 22, 2016 – The S&P 500 futures (ES_F) chart continues to hold higher lows. Price support levels appear to develop in the 2075.75 region. Resistance sits in the 2086.25 to 2094.5 region. Bullish chart formations are currently in charge at this time, but charts have…

Trading Can Be A Bloodsport

I’ve spent the past week recharging my batteries on a family vacation in Rocky Mountain National Park (Colorado). I’ve snuck in a few trades and worked on the website, but other than that it’s been great to just spend time with the family and enjoy the beautiful scenery. I was…

S&P 500 Futures Trading Outlook For June 21

S&P 500 Futures Trading Outlook for June 21, 2016 (ES_F) – In S&P 500 futures trading, the charts continue to bounce showing higher lows, and a push to resistance for a second day. For lunar and cycle folks, today is the summer solstice. We will see the most sunlight of the…