S&P 500 Index: Elliott Wave May Point Higher Into Next Week
The S&P 500 looks to be making an Elliott-wave 5th wave from the low in March.
Note, this isn't a "final" wave to the entire...
Key Stock Market ETFs Price Support and Resistance Analysis into May 3
Last Thursday the S&P 500 (SPY) and the Nasdaq 100 (QQQ) tested new highs and then gapped lower on Friday showing that the market...
US Oil Fund ETF (USO) Eyeing New Highs
Crude oil prices raced higher from late October to early March this year.
After a multi-week move lower, traders wondered if the crude oil rally...
The Chart To Watch For Stock Market Tops
The S&P 500 Index has been making higher highs through the first four months of 2021, along with infrequent pullbacks which have been mild...
Commodity Bulls Riding High On US Dollar Weakness
A weaker US Dollar is a good thing for assets like commodities. So it shouldn't be any surprise that commodities have been very strong...
What Happened To Stock Market Volatility During Corporate Earnings?
The first half of Wednesday saw minimal movement in the major indices, due in large part to the anticipation for the FOMC (Federal Reserve)...
Perhaps Inflationistas Should Be Watching Crude Oil?
Commodities prices have risen rather sharply over the past 12-18 months, adding to worries of pricing pressure and inflation.
As you can see in the...
Is the NASDAQ 100 Forming a Penultimate High? (Elliott wave forecast)
We've been watching the e-mini NASDAQ 100 futures (NQ) price as it forms what might be a completed structure up from the first week...
Crude Oil Futures Bullish Reversal Higher Targeting $70
I am bullish on Crude oil futures for a trade here, following this week's reversal higher.
The price of crude oil futures held above the...
Are Rising Commodities Causing Investors to Worry About Inflation?
This week, three of the major stock market indices (represented here as ETFs), including the Nasdaq 100 (QQQ), Dow Jones Industrials (DIA), and the...
