Chartology

S&P 500 Update: Nagging Concerns, But New Highs Likely

S&P 500 Futures Trading Outlook (2-3 Days):  BULLISH Now that S&P 500 has eclipsed 2396, we have filled the gap while many sectors are on the verge of breakouts, including the Industrials (NYSEARCA:XLI). Over 2404 will drive the S&P 500 futures to 2425-35. And given the pattern since early March, its…

S&P 500 In Stare-Down With Defensive Stocks Like Consumer Staples

Short-Term Outlook Remains A Mixed Bag While the primary trend still strongly favors the bulls, the bears have made some progress on the momentum and vulnerability fronts. The chart below shows the performance of the SPDR S&P 500 ETF (NYSEARCA:SPY) relative to defensive-oriented SPDR Consumer Staples Sector ETF (NYSEARCA:XLP). From…

S&P 500 Futures Trading Outlook For May 22, 2017

Stock Market Futures Considerations for May 22, 2017 (and days ahead) The S&P 500 (INDEXSP:.INX) has rallied back into the open gap space created by last week’s whoosh lower. This will take some time to work through but buyers should be found at lower levels (read more below). Check out…

S&P 500 And Nasdaq Futures Weekly Trend Analysis – May 22

QUICK RECAP – Just when you thought… The week 20 recap was basically a rinse, wash and repeat of week 18. Wednesday’s sell off in the market had the permabears drooling for more, but the market did what it has been relentlessly doing for 6 months now – it fought back….

Currency Market “Shift” At Play? US Dollar Breaking Key Support

The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy. But that market dynamic is at a crossroads… and may…

Treasury Bonds: Will This Triple Bottom Prove Bullish?

Treasury bonds have underperformed other major asset classes since topping last summer.  But the 20+ Year Treasury Bond ETF (NASDAQ:TLT) may be finding some footing. That is, IF the chart pattern show below is confirmed. I shared the chart below last Wednesday. And, as you can see, bonds (via TLT) are…

Energy Sector Update: Are Stocks Nearing A Bottom?

The character of oil and energy stocks has completely changed in May. After a rough start and a full blown liquidation of an energy trading firm, stocks have stabilized along with oil. In fact oil, has had a persistent bid of late. One huge reason to be bearish oil prices…

Are Emerging Markets Equities (EEM) Running Into A Wall?

Recent leader, the MSCI Emerging Markets Index (INDEXNYSEGIS:EMX), is hitting a major confluence of resistance at the moment. One theme we’ve been all over in 2017 is the good relative performance of international markets. That includes emerging markets, individually and collectively, as measured by the MSCI Emerging Markets Index (EM)….

S&P 500 Chart Update: Is A Deeper Pullback Underway?

Yesterday’s whoosh doused some water on the near-term prospects for a bullish breakout on the S&P 500 Index (INDEXSP:.INX). I was leaning toward an upside resolution to the current trading range, but that’s not in the cards. It’s possible that the larger stock market pullback I had been looking for…