Stock Market Bulls Hope Lumber Prices Breakout to the Upside!
For the past decade, lumber prices have traded within a broad rising trend channel.
See (1) on the lumber "weekly" price chart below.
Recently lumber prices...
S&P 500 Futures: Holding 2880 Keeps Us Rangebound
The S&P 500's (INDEXSP: .INX) brief failure and recapture of the 2880 price support area gives traders the environment that holds fairly bullish for...
Stock Market Today: Improving Breadth Meets Resistance
Stocks rallied sharply last week, leading the S&P 500 (NYSEARCA: SPY) right into resistance.
During this short-term consolidation/pullback period, market breadth is trying to improve....
Global Equities Review: Several Bull Markets Still In Tact
A number of U.S. stock market indices have reversed sharply off support and target zones as defined by long-term moving averages and/or our ellipse...
S&P 500 Rally Targets 2930… Unless Close Below 2880
S&P 500 Trading Outlook (3-5 Days): Bullish, but two straight days of stalling out is concerning.
Though this sort of price action still isn't...
S&P 500 Futures Update: Do Buyers Have Power To Lift Market?
The rejection of 2911 yesterday on the S&P 500 Index (INDEXSP: .INX) keeps the bigger picture of the failed retest of old broken support....
Stock Market Today: Early June Rally Fizzles
The stock market indexes took a breather yesterday for the second day in a row.
The S&P 500 (NYSEARCA: SPY) put in a couple of...
QE Made The Stock Market Float: Now It Could Turn Out A Drag
Every day of our lives, we learn and experience new strategies, opinions, and patterns that have to be incorporated into our personal belief systems.
Sometimes,...
S&P 500 Futures Price Outlook: Key Levels For June 11
Monday's rise above 2886 on S&P 500 futures (ES_F) gave traders the ability to jam stocks even higher (over 2900).
But this level was retested...
Stock Market Today: 5 Day Rally Stalls
The stock market hit a wall of resistance just above 2900 on the S&P 500 Index (INDEXSP: .INX).
After the sharp rally, this shouldn't come...
