Stocks & ETFs

Stock Market Futures Update: Bounce Helps Trapped Buyers

Broad Market Outlook for February 13, 2018 Cross currents are bringing choppy action as price resistance formations form. Traders need to be careful with buying extended moves in this environment as there will be trapped buyers in the mix of contention (looking to sell into each move higher). If you’re long,…

S&P 500 Weekly Outlook: Welcome Back Two-Sided Market!

The stock market declined once again last week, with the S&P 500 (SPX) falling 5.1%. This occurring despite Friday’s reversal and rally back into the green. That rally is carrying over into today’s action. But traders should prepare for another bumpy week. Welcome back, two-sided market! S&P 500 Analysis and…

Are Stocks Falling Into A Deep Market Freeze Here?

Back in December, we were featured in a MarketWatch article entitled “A Dow Crash?  Another 25% Jump?  No,  Here’s The Case For A Market Freeze In 2018.“ At that time, our research showed that the Dow Jones Industrial Average was fast approaching “major” dual resistance at the top of a 70…

Are Equities Speculators Buying The Dip In Size?

The following chart and data highlight non-commercial commodity futures trading positions as of February 6, 2017. This data was released with the February 9 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar. For the…

Nvidia Pops On Earnings But Cycle May Weigh On Stock Price

Nvidia (NVDA) reported earnings of $1.72 per share and revenue of $2.91 billion, both which beat expectations of $1.16 per share and $2.68 billion respectively. The stock was up by 7% in Friday morning trading. The company attributed its earnings to strong demand related to computer gaming, artificial intelligence, and…

The Dow Transports (IYT) Look Ready To Bounce

I’ve been eyeing the Transports Sector (IYT) for the past few weeks as it was flashing caution warning of a market top. Using the pivot trading system over at Pivotal Pivots we saw the Transportation Index and IYT rolling over from the Yearly R1 resistance pivot. This typically spells trouble….

Intermarket Chart Attack: Not Done (Part 2)

This is an Intermarket Analysis chart review that I provided to my fishing club members Wednesday to prepare for the stock market downdraft I expect to continue. These charts are meant to graphically represents relationships (strong and weak) that can foretell how the currents are moving to better identify how stocks/sectors/indices will move! You…

Bond Yield Spreads Don’t Bode Well For Equities

With the recent equity market turmoil, many traders and investors are looking for signposts. Is the sell-off contained to equities and VIX-related ETPs or is there a larger market shift underway? One place to look for clues is in the bond market (roughly twice the size of the global equities…

Intermediate Stock Market Cycle Shows Its Bearish Face

It was on February 2, “Groundhog Day,” that the stock market’s intermediate cycle popped its head out of its hole. On that day, the Dow Jones Industrial Average ($DJI), shed 666 points or 2.5%. During the following trading session, the DJI lost another 1175 points, or 4.6%. That was a…