Major Indices

S&P 500 Futures Trading Outlook For April 20, 2017

S&P 500 Futures Trading Considerations For April 20, 2017 The edges of the range continue to deliver the best reversal trades intraday on the S&P 500 (INDEXSP:.INX). However, traders need to remain caution on these edges as they can stretch a bit before reversal, as they did yesterday in both the…

S&P 500 Update: Navigating The Choppy Price Action

The choppy price action on the S&P 500 (INDEXSP:.INX) continues… Prices reversed higher today following a rough week that saw the index close on its lows. So is a bottom near? Here are a few things that I am watching: 1.  MACD / RSI / 50 DMA A couple of…

Nasdaq Futures Weekly Trend Analysis & Outlook – April 17

THE BIG PICTURE – What’s Ahead? The major stock market indices were unable to hold above the 10/50 ema and wound up finishing lower last week.  For the week, the market leading Nasdaq Composite (INDEXNASDAQ:.IXIC) closed lower -1.2%. While the ongoing uptrend holds above each indices 50/144 ema on the range charts,…

Will This Russell 2000 “Doji Star” Candle Spell Trouble?

The Russell 2000 (INDEXRUSSELL:RUT) has traded lower since early March when it hit new all-time highs. This recent bout of weakness assisted in forming a “doji star” candle on the monthly chart (see point 2 below). And note that this doji star candle formed near rising channel resistance. So why is this important? A…

S&P 500 Futures Trading Outlook For April 10, 2017

Stock Market Futures Trading Considerations For April 10, 2017 The S&P 500 (INDEXSP:.INX) and other futures trading indexes continue to look very congested into the holiday shortened week ahead.  A reminder that markets are closed for Good Friday. Check out today’s economic calendar with a full rundown of releases. And note that the…

Bulls Should Be Concerned If Weakness Takes Place Here

Although the major stock market indices are just a few percent from all-time highs, the market is clearly at an interesting and important juncture here. Since setting new all-time highs in March, the major stock market indices have churned sideways, with only the market leading Nasdaq Composite (INDEXSP:.INX) making marginal new…

S&P 500 Update: Reading The Market Across Time Frames

With the month of March and Q1 in the books, its time to take another look and update some stats from my recent articles to try to get a sense of what’s happening out there. Those who have followed me on twitter for some time or know me professionally, will attest to…

German DAX Update: 2017 Price Targets & Analysis

Honestly, I can’t believe it’s a been a year since our last German DAX post here. In that post, we shared a couple of key chart insights for the German DAX (INDEXDB:DAX): Notice that the bearish divergence had not appeared and the count called for one more move to all-time highs,…

S&P 500 Futures Trading Outlook For April 3

Stock Market Futures Considerations For April 3, 2017 Higher support is holding for the second day near 2356 on S&P 500 futures but the failure to recover over the significant weekly level of 2365 remains troubling. Momentum on the S&P 500 (INDEXSP:.INX) was not strong enough on Friday to hold highs…

S&P 500 And Nasdaq Futures Weekly Trend Analysis – April 3

THE BIG PICTURE  Week 13 is in the books and with it Q1 now rolls into Q2 for the markets. After a (failed) gap down to start the week, the stock market indices regained their footing and ended the week strong. The rally allowed the S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC)…