Stocks & ETFs

Gold (GLD) Trading Update: Failed Breakout Creates Headwind

The iShares Gold Trust (GLD) breakout failed and its price is back below the flattish 200-day average. This is not all that surprising, though. And this has to do with the failed breakout in Treasuries (NASDAQ:TLT). The two asset classes remain highly correlated. Gold prices via GLD remain above the March…

Consumer ETF (XLY): An Elliott Wave Trading Update

Traders should trade carefully in the SPDR Consumer Discretionary ETF (XLY) The Consumer Discretionary SPDR ETF (NYSEARCA: XLY) may offer some good trading opportunities in the later part of 2017 and beyond. In this post we examine some scenarios and show how traders working on different time frames can make…

Trading Spotlight: Junior Gold Miners (GDXJ) Rally

The Junior Gold Miners ETF (NYSEARCA:GDXJ) have taken their lumps over the past 3 months. The ride has been volatile and included a couple of steep declines. The most recent decline comes on the heels of a drop in gold prices (NYSEARCA:GLD). Note that the senior gold miners (NYSEARCA:GDX) didn’t…

The Last Time This Happened Global Equities Corrected…

This article looks at a unique indicator for global equities that captures quite a different kind of market breadth: market valuation breadth. The main takeaway is that it has moved into the danger zone. The chart appeared in the latest edition of the Weekly Macro Themes report and points to an elevated…

Are Investors Unaware of The Breakout In Irish Stocks?

Since 2007, Europe has been in a clear downtrend relative to the S&P 500 (NYSEARCA:SPY). Back in March, we had a decisive breakout above the 2014 downtrend line. And while we are not out of the woods yet, this is a positive development for European markets and traders, in my…

S&P 500 Futures Trading Outlook For May 11

Stock Market Futures Considerations For May 11, 2017 Traders will want to be on there toes as the S&P 500 (NYSEARCA:SPY) looks set to test lower price support levels this morning. See below for ideas on where buyers may step in. Check out today’s economic calendar with a full rundown of releases….

S&P 500 Futures Trading Outlook For May 10

Stock Market Futures Trading Considerations For May 10, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) took a breather yesterday. But buyers should be found just beneath current levels. read more below. Check out today’s economic calendar with a full rundown of releases.  And note that the charts below are from our premium…

S&P 500 Futures Trading Outlook For May 9

Stock Market Futures Trading Considerations For May 9, 2017 The S&P 500 (INDEXSP:.INX) traded sideways on Monday following the French elections. Prices still look higher but divergences are forming. Read more below. Check out today’s economic calendar with a full rundown of releases.  And note that the charts below are from our…

International Stocks Off To Strong Start In 2017

International stocks have been making multi-year highs as the S&P 500 remains below its March 1 peak, this despite an all-time daily closing high last Friday. I like to keep an eye on a few key ETFs that track international stock market performances: International Developed Markets (NYSEARCA:EFA), Emerging Markets (NYSEARCA:EEM),…

Are Bank Stocks Losing Momentum? Watch This Pattern!

Bank stocks perked up last year, catching a tailwind from rising interest rates. The sector remains in an intermediate-term uptrend, but momentum has stalled out at an important price level. And investors should pay attention here. The chart below is of the KBW Bank Index (INDEXNASDAQ:BKX) since 2000. You can see…