Stocks & ETFs

Facebook Stock (FB): Bearish Short-Term, Bullish Long-Term

The FANG stocks (tickers FB, AMZN, NFLX, GOOGL) have lost their bite since the election, but they may be getting ready to bounce back. Facebook (NASDAQ:FB) has been particularly hard hit due to issues surrounding fake news items showing up in users news feeds. Some users also reported a bug…

S&P 500 Futures Trading Outlook For December 2

Stock Market Outlook for December 2, 2016 – The job numbers are released today at 8:30am ET and will provide volatility. Critical price support levels for the S&P 500 (INDEXSP:.INX) were broken yesterday. And this morning we tested our final target of the short for the setup in yesterday’s blog….

US Dollar Index Overbought: Is A Recharge In Order?

The US Dollar Index (CURRENCY:USD) is starting to catch traders’ eyes again.  The recent rally has been relentless, hitting Gold and Emerging Markets over the head. However, the US Dollar rally is now extremely overbought and looks due for a pause. Using the US Dollar Index Bullish ETF (NYSEARCA:UUP) as…

S&P 500 Futures Trading Outlook For November 30

Stock Market Outlook for November 30, 2016 – Stock market futures charts look poised to expand as S&P 500 futures held price support near 2198 for a couple of days. S&P 500 futures are now holding just above price resistance as news sits slightly bullish all around. Pullbacks on the S&P 500 (INDEXSP:.INX) should…

Treasury Bond Yields Gone Wild: Is The Inflation Trade On?

The past few weeks have flipped the script on the treasury bond market, as bond yields (interest rates) have soared higher. Are market participants leery of inflation.  Will the Federal Reserve start a new rate hike cycle? Is it something else? The charts have yet to confirm that a new…

S&P 500 Futures Trading Outlook For November 29

Stock Market Futures Outlook for November 29, 2016 – Tuesday begins with a muted move to the north. S&P 500 futures are currently holding just above price support near 2199 – 2197.   I suspect we test that support level again yet we should remain bound by 2209 (overhead price resistance). Traders continue…

Where Is Tesla Motors Stock Headed Post SolarCity Merger?

Since going public more than 6 years ago, Tesla Motors (NASDAQ:TSLA) has been a battleground stock between the bulls and bears. The $29B electric car maker has soared an astounding 1057% since the IPO, which can largely be attributed to Elon Musk’s leadership and the potential of the electric car…

SPDR Gold ETF (GLD) Hits Key Fibonacci Price Support

Spot Gold prices and the SPDR Gold Shares Fund (NYSEARCA:GLD) have been hit very hard in the post-election day trade. This trade has also coincided with a rising dollar and equities – 2 potential headwinds for Gold. But U.S. equities and the greenback have risen sharply in recent weeks and may be…

S&P 500 Update: This Bull Is Strong But A Pullback Is Nigh

Despite all the hoopla and fireworks, the S&P 500 Index (INDEXSP:.INX) has only seen a minor break to new highs. In fact, I wouldn’t even call it a breakout yet as I’d like to see the prior high exceeded by 1% for two consecutive days. The prior high was 2193.81…

Nasdaq 100 (NDX): About That Breakout…?

Despite the very bullish trading action across the broader market: one sector continues to confound active investors: Technology. And more specifically, the Powershares QQQ Nasdaq 100 ETF (NASDAQ:QQQ).  See chart below. The sector has been a 2016 leader, but it has yet to break out. So what’s going on here?…