Chartology

Market Futures Trading Update & Outlook – November 21

Stock Market Futures Considerations For November 21, 2017 The S&P 500 (INDEXSP:.INX) is trading higher on Tuesday morning as stock market bulls are enjoying a holiday rally. Check out my futures trading commentary and key price levels below. Note that you can access today’s economic calendar with a full rundown of releases….

Telecom Stocks Look Overdue For A Rally

2017 hasn’t been kind to the Telecommunications Sector and several telecom stocks. The Telecom Sector ETF (NYSEARCA:IYZ) is down over 15% this year, with the past two weeks providing a thud to the decline. The carnage in the sector can be seen on the weekly chart for IYZ below. But…

Gold Chart Update (GLD): Back In A Trading Range

The last 2 months haven’t been kind to Gold bulls. The precious metal appeared to be breaking out in early September, but that breakout attempt failed miserably. Today we’ll take a look at the chart of the Gold ETF and provide an update. SPDR Gold Shares ETF (NYSEARCA:GLD) The Gold…

Small Cap Stocks: Time To Get Your Rally Caps On?

Small cap stocks tend to offer a bit more risk and reward. That equates to higher beta, which in turn tends to mean stronger returns when the broader market is healthy, and weaker returns when the broader market is in the doldrums. So where are we now?  Likely at an…

S&P 500 ETF (SPY): 10 Insights For Traders This Week

The SPDR S&P 500 ETF (NYSEARCA:SPY) fell -0.2% last week but did show resiliency mid-week. That said, the S&P 500 has traded sideways for 4 weeks. Stay disciplined and tune out the noise – your process and strategy should keep you in your trades until it stops working. Stay alert…

Bond Market Update: Glimpses Of A Maturing Business Cycle?

Lots of talking heads are pointing to a lower yield curve as a warning sign. While the yield curve is relatively good indicator for the business cycle, a compressed (or even inverted) yield curve isn’t an immediate signal for bears. It need to find confirmation in other data. Today we’ll…

British Pound Decline Set For Another Wave Lower

As the U.S. Dollar spent the past several years working upward in an impulsive wave, so too has the British Pound (CURRENCY:GBP) cross been declining impulsively. We believe both markets can travel further after the 2017 pullback structures are complete. Right now there might be an opportunity to catch a…

S&P 500 Futures Trading Outlook For November 17

Stock Market Futures Considerations For November 17, 2017 The S&P 500 (INDEXSP:.INX) is trading mixed on Friday morning as bulls and bears try to wrestle control of the tape. Bulls bought the dip again on Thursday, but can they push the market to new highs? Or will stocks pull back…

S&P 500 Chart Spotlight: Higher Prices Into 2018

S&P 500 LONGER TERM The S&P 500 (INDEXSP:.INX) may be vulnerable to a pullback over the coming days/weeks, but that should produce another buying opportunity for active investors. I have a wide buy zone between 2490-2530 on any pullback. Today I want to look out a bit further. Let’s discuss…

Surprising Strength In Utilities Sector: 5 Stocks To Watch

With the market taking a breather this week, I wasn’t surprised to see the Utilities Sector (NYSEARCA:XLU) at the top of the daily returns list. One of my favorite ways to break down a sector is to start with the largest stocks and “bucket” them by chart patterns. This process…