Biotech Sector ETF (XBI) Approaching Price Area For A Rally
In October, we wrote that the S&P Biotech Sector ETF (symbol XBI) might become a good value buy some months in the future. After...
This Week’s Stock Market Outlook: Is A Bear Rally Underway?
Talk about a roller coaster ride for investors. This past week was nothing short of exasperating for the masses. The S&P 500 fell 1.6%...
S&P 500 Futures Holding Above New Price Support Level
Friday’s trading saw the stock market indexes accelerate into levels well above normal resistance zones under negative divergence so this morning’s drift down should...
Consumer Staples Strength Says Market Still On Defense
The stock market indexes have rallied nicely off the lows. However, I’m not getting into "the correction is over” or “bull market trend resumes”...
Stock Market Futures Rally: Can Buyers Push Prices Higher?
Stock market futures seem to be moving towards a directional decision following the negative interest rate decision coming out of Japan. The initial reaction was...
Stock Market Futures Rally As Crude Oil Turns Higher
We’ve been essentially landlocked for almost five days trading sideways on stock market futures. On the S&P 500 futures, the range has included support...
Did The Banking Sector Peak? Here Are The Implications
The financial and banking sector has been hard hit over the past month. But it shouldn't be surprising given the recent stock market decline...
S&P 500 Weekly Update: Just A Bounce In A Downtrend?
We are dealing with many of the same themes, so my plan is to keep this week's S&P 500 weekly update short and to the...
Stock Market Futures Firm; Traders Wait For Next Move
The S&P 500 futures chart bounced off a bit of a deeper pullback than anticipated but now is holding the 1861 level easily as...
Investors Bottom Fishing In Basic Materials And Financials
S&P 500 Index (SPX) Forms A Hammer
Last Wednesday, the stock market made a short-term bottom, declining sharply before reversing course. Crude Oil prices also...
