The Value Line Geometric stock index (NDEXNYSEGIS) contains approximately 1,675 companies from the NYSE Exchange, American Stock Exchange, Nasdaq and over-the-counter market. In this post, we will be focusing on the Value Line Geometric Index (the original equally-weighted index), which provides a very broad measure of the stock market’s health,…
Stock Market Futures Considerations For July 26, 2017 The S&P 500 Index (INDEXSP:.INX) is bumping its head up against overhead price resistance. A pullback to support may be in the cards before any sort of breakout can occur. See key futures trading levels below for the S&P 500, Nasdaq, and…
The lack of volatility in volatility is once again giving rise to the phrase ‘it is different this time”. If past is any guide, it seldom is. Spot VIX Volatility Index (INDEXCBOE:VIX) just created a record. VIX goes back to January 1990. In its 27-year history, it closed below 10…
THE BIG PICTURE The major stock market futures indices made new highs in week 29. And all except Dow Jones Futures (YM) closed above the weekly open. And the S&P 500 (INDEXSP:.INX) highlighted the broad market strength by pushing higher. An uber-calm VIX, though, should keep traders on their toes….
Stock Market Futures Trading Considerations For July 24, 2017 The S&P 500 Index (INDEXSP:.INX) enters Monday’s trading session near overhead resistance. This may limit upside today. See futures 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 note that…
A myriad of stock market indices are hitting new highs; but is it a sure-fire bullish sign? In Part 1 of our breakout mini-series, we discussed the importance of Wednesday’s breakout in the Value Line Geometric Composite. Our series is called Breakout “Barrage”, however, so it is appropriate to talk about the numerous…
The U.S. equity market saw a wide swathe of indices break out this week. Perhaps the broadest and most important breakout was the Value Line Geometric Index (INDEXNYSEGIS:VALUG). Wednesday’s rally on Wall Street led not only to new highs again among the popular large cap indices, but also to breakouts…
Stock Market Futures Trading Considerations For July 21, 2017 The S&P 500 (INDEXSP:.INX) made new highs once more yesterday… but the broad market index is vulnerable to a pullback. Any failed retests will likely give way to a move lower (and into deeper support levels). See key futures trading levels…
S&P 500 Futures Trading Outlook (2-3 Days): Nearing ST Price Target (2470.5) I’ve been looking for a final push up to 2470-5 on S&P 500 Futures before looking for any type of correction to materialize. Tech is up against solid resistance and needs to be watched. Housing starts came in largely…
Stock Market Futures Considerations For July 19, 2017 After a brief period of consolidation, the S&P 500 (INDEXSP:.INX) is attempting another move to the upside. On the futures market, 2470.5 looks like resistance. See more trading levels below. Check out today’s economic calendar with a full rundown of releases. And note that the…