S&P 500 Futures Update & Trading Outlook: Eyes On 2705
Broad Stock Market Outlook for February 22, 2018
Price resistance stood tall yesterday and rejected the bulls advance. This lead to a very swift move to...
Devon Energy (DVN) Misses Earnings, Sinks Past Cycle Low
Devon Energy (DVN) dropped by as much as 11% on Wednesday morning after missing Wall Street’s estimates for earnings.
The company reported earnings per share...
Riding The Downward Trend In US Treasuries
Our Elliott wave forecast for treasury bonds continues to hold up well. In June 2017 we described the minor rally during the first part...
Dow Industrials “Megaphone” Pattern Leads To Major Test!
Back in November, I shared a long-term historical chart of the Dow Jones Industrial Average and pointed out a megaphone pattern breakout that looked...
Walmart Stock (WMT) Declines Toward $90 Price Target
Walmart's online sales growth appears to be slipping and that has been a catalyst in sending the stock price lower.
But as I often say,...
Natural Gas Hits Lowest Level Since 2016 as Mild Weather Persists
The March 2018 NYMEX natural gas contract fell $0.022 to close at $2.558/MMBtu on Friday last week.
The March contract for Natural Gas ended the...
Did SNAP Finally Snap Out Of It?
I never thought I would be interested in buying SNAP Inc. (SNAP), the maker of Snapchat. But here we are.
As an active investor, I...
Are Tech Bulls Still In Charge? Watch These Levels!
The Nasdaq 100 has seen some price volatility in February but the large cap tech index is still in position to move higher...
If a...
COT Report: Gold Bugs Have Golden Opportunity
The following chart and data highlight non-commercial commodity futures trading positions as of February 13, 2017.
This data was released with the February 16 COT...
S&P 500 Futures Trading Outlook: 2700 Level Looms Large
Broad Stock Market Outlook for February 16, 2018
Buyers remain in control after making a higher low on yesterday's dip. That dip saw S&P 500 futures...