Stock Market Futures Trading Considerations For October 23, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are inching higher on Monday morning following Friday’s continuation. The trend is bullish but expect intraday pullbacks. See our key trading levels for the S&P 500, Nasdaq, and crude oil below. Check out today’s economic…
This US energy update was power by data from my firm Avory Research. The chart highlights the shrinking energy trade deficit, the drop in solar prices, and the increase of total US crude production. The US energy trade deficit is nearing zero as U.S. production of crude oil, coupled with…
S&P 500 Trading Outlook (2-3 Days): Watching for signs of price reversals from gains on Friday and into Monday. The S&P 500 Index (INDEXSP:.INX) held where they needed to Thursday morning allowing for another rally to take shape. The budget resolution pass resulted in treasury yields spiking while S&P 500 futures (ES)…
The S&P 100 Index (INDEXSP:SP100) touched its Yearly Yr2 Pivot around 1133 on Wednesday… and its testing it yet again today (at the time of this writing, it’s at 1133.40). What’s so special about the Yearly Yr2 pivot? Well, it usually produces a market pullback or correction. For more on…
Stock Market Considerations For October 20, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are trading higher this morning following a strong “buy the dip” performance yesterday. See our key trading levels for the S&P 500, Nasdaq, and crude oil below. Check out today’s economic calendar with a full rundown of releases. And…
The financial sector and banks stocks have always carried weight in the markets. The markets tend to perform well when they are leading, and underperform up to, and during, corrections and crises. So it’s always a good idea to monitor the health of the financial sector. The chart below looks…
On the 30-year anniversary of Black Monday, we take a look at the magnitude of the stock market crash in terms of today’s market. By now, you’ve probably gotten wind of the fact that today is the 30-year anniversary of the stock market Crash of 1987, aka Black Monday. For…
Stock Market Trading Considerations For October 19, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are trading lower this morning as sellers finally show up in force. All eyes on key trading support levels, along with reactions to bounce levels. See below. Check out today’s economic calendar with a full rundown of…
In the past few week’s we’ve highlighted some assets and indicators that point to a stable/improving economy: Copper prices, firmer interest rates, etc. Time to add one more to the list: rising steel prices. Today we’ll look at a chart of the VanEck Vectors Steel ETF (NYSEARCA:SLX). Looking at the…
THE BIG PICTURE The major stock market indexes are in still moving higher and in strong uptrends. Although we are overdue for a pullback, the best thing for traders to do is follow the price action and avoid getting caught up in the noise and anticipating the next move. If/When…