Futures Trading Outlook & Considerations For August 17, 2017 The S&P 500 (INDEXSP:.INX) continues to trade range bound but any break up/down will likely see some continuation. Below are key trading levels to follow with added color from our premium service. The charts below and added “trading setups” are being…
Exactly a year ago, we wrote that grains were approaching support that should turn into a durable low as grain prices bottom. Since that time, price has not moved very much. We still believe a low is nearby, and this post explores some ways to trade it with the expectation…
Stock Market Future Considerations For August 16, 2017 The S&P 500 (INDEXSP:.INX) is trading in a 10 point range but traders should be on alert for a break of support/resistance and continuation. Key levels on the S&P 500, Nasdaq, and crude oil are below. Check out today’s economic calendar with a full…
After poking its head above the $50 level for the first time since May, West Texas Crude Oil (WTI) is backing off a bit. Is there more downside ahead? Currently, Crude Oil is oscillating near its 200-day average, and I am looking for a top in and around this area….
To be clear, Amazon (NASDAQ:AMZN) has been a top stock for several years. It’s in a bull market uptrend and that remains in tact. BUT, caution is advised over the near to intermediate term after a nasty bearish price reversal last month (and into last week). This reversal was one…
The current setup in the US Dollar index (CURRENCY:USD) is rare in that a clear and logical fundamental and technical case can be made for a rally (or a move to the upside). Could this simply be a correction within an ongoing bull market for the US Dollar? At the…
THE BIG PICTURE The VIX Volatility Index (INDEXCBOE:VIX) finally saw a move outside the comfort zone of most investors to close out in the mid 15’s last week. This saw the S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) pull back, along with the leading Dow Jones. On the tech side of the…
Stock Market Futures Considerations For August 14, 2017 The S&P 500 (INDEXSP:.INX) is rallying on Monday morning. But the bounce is likely to find resistance shortly. Below are futures trading levels for the S&P 500, Nasdaq, and Crude Oil. Check out today’s economic calendar with a full rundown of releases. And note that…
U.S. CORN PRODUCTION REPORT SUMMARY AND MARKET REACTION On Thursday August 10, the USDA released its August 2017 Crop Production report and it was not without its share of surprises (and criticisms). The National Agricultural Statistics Service “NASS” offered its first state-by-state yield estimates for the 2017/18 U.S. corn crop….
Stock Market Futures Considerations For August 11, 2017 The S&P 500 (INDEXSP:.INX) is attempting to bounce this morning after Thursday’s heavy losses. Will Friday bring a nice bounce to short into? Or will it bring some base building in an attempt to form a bottom? Watch today’s key trading levels…