Stocks & ETFs

S&P 500 Futures Trading Outlook For January 13

Stock market futures considerations for Jan 12, 2017 Yesterday, the S&P 500 (INDEXSP:.INX) tested the edges of deep support. However, we still held the current pattern of buying weakness. Our candlestick bodies on 4hour time frames remain landlocked. See today’s economic calendar with a rundown of releases.   TODAY’S RANGE OF MOTION – Stock…

Stocks vs Bonds: The Most Interesting Chart Right Now

The most interesting chart in the world right now is the stocks versus bonds ratio chart. Check out the chart below. Here we are simply measuring the ratio of the S&P 500 SPDR ETF (NYSEARCA:SPY) versus the iShares 20+ Treasury Bond ETF (NASDAQ:TLT). The ratio is approaching the 2007 peak,…

S&P 500 Futures Trading Outlook For January 12

Stock Market Futures Outlook for January 12, 2017 – The S&P 500 (INDEXSP:.INX) is landlocked for the seventh day, and though we extend ourselves over the edges for a moment during the day, we are quickly seeing that strength is being sold and weakness in being bought. This is a…

S&P 500 Futures Trading Outlook For January 11

Stock Market Futures Outlook for January 11, 2017 – Range bound behavior continues for stock market futures (and S&P 500 futures) into the news conference scheduled today. Our levels for expansion and contraction remain the same as yesterday. Buying pressure will likely strengthen above a positive retest of 2271.50. And selling pressure…

5 Charts For Investors: Around The Global Financial Markets

I’m back with another set of 5 macro technical charts to watch as we move further into the near year (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

S&P 500 Futures Trading Outlook For January 10

Stock Market Futures Outlook for January 10, 2017 – After posting new highs, the S&P 500 (INDEXSP:.INX) chart has retreated but still holds above key support. For futures trading, that key support level is 2268. The trend is still bullish meaning the bounces off support are likely to hold. Earnings releases…

Stock Market Update: When ‘Group Think’ Takes Over…

I’ve seen the phrase group think a couple of times lately as an apt description of today’s stock market. Group think, herd mentality, it’s all the same. Did you ever watch sheep or cows in a pen? They tend to move around together. Remember, if we all sit on the…

S&P 500 Futures Trading Outlook For January 5

Stock Market Outlook for January 5, 2017 – The S&P 500 (INDEXSP:.INX) pushed higher yesterday but traders failed to breach and hold a key level. On S&P 500 futures, that level is 2267.75.  And after putting in a lower low on 12/30 this suggests that we have sideways to downside action…

iShares Italy (EWI) Update: Higher Yet Into 2017

Looking back and looking forward on the Italy ETF It was mid-July when we suggested a countertrend trade in the iShares MSCI Italy ETF (NYSEARCA:EWI). Although the economic news out of Italy at that time was mostly bad, we thought the Elliott wave chart pattern offered reasons to expect at…