Stocks & ETFs

In The Crosshairs: 3 Stocks On Breakout Watch (HIG, LMT, and ABT)

I pay attention to specific, price defined levels of support (demand) and resistance (supply), looking for opportunities to trade around these levels based on a simple process for doing so. I use two charts, the DAILY and WEEKLY, the former I use for entry, the latter for direction. Let’s take…

US Stocks: Some Perspective On Current Market Leadership

In the past couple of months, larger capitalization stocks (large-caps) have taken the major blue chip indices higher, shouldering a lot of the load. I have talked about this being a negative in the past as it’s much more preferable to see the troops (smaller stocks) lead the generals (very…

Stock Market Futures Weekly Trend Outlook – March 6

THE BIG PICTURE  Serious Open Gaps! For weeks now I have been commenting on how relentless the market has been without any durable pullbacks.  Even in week 9 the market managed to push up to higher highs once again… but caution remains as key events on the horizon may be just the…

S&P 500 Weekly Review & Technical Outlook – March 3

In this research note, we will look at some key stock market indicators, the health of the S&P 500 Index (INDEXSP:.INX), and a handful of emerging themes that we are watching in our investing research. Here are some summary highlights: Strength Begets Strength, but Small-Caps Facing a Test – The S&P…

Gold Futures & Miners Decline Again: What’s Next?

This week the Gold Miners (NYSEARCA:GDX) have been hit hard, and Gold (NYSEARCA:GLD) itself has seen some downside follow through. So what’s next for the yellow metal? Gold is in an interesting position. I see two possible scenarios: 1) The strength can continue upon a breakout above ~1,300 and ultimately…

S&P 500 Index Testing Yearly Resistance Pivots

Yesterday’s rally higher saw the S&P 500 Index (INDEXSP:.INX) test important an important resistance area: the confluence of S&P 500 yearly trading pivots for 2017. And traders should put this on their radar. The average pullback at these Yearly pivot points is 100-120 points. From this area (2398 to 2408), I see…

S&P 500: Rare Bollinger Band Signal Clears Important Hurdle

Part One: The Squeeze A November 30, 2016 analysis highlighted a very rare long-term occurrence on the monthly S&P 500 Index (INDEXSP:.INX) chart below (1982-2016). Notice how the Bollinger Band Width only reached 2016 levels on three other occasions (1984, 1995, and 2005). In each case, the S&P 500 consolidated…

Japanese Yen ETF (FXY): Elliott Wave Upside Targets

As a follow-up to Friday’s post about Yen futures, here we show some areas for the ETF trader to watch. Charting the CurrencyShares Japanese Yen Trust (NYSEARCA:FXY), we had been expecting a decline from last summer into the support zone that was tested. Now we expect a modest but tradable…

Rare Stock Market Indicator Flashes Bullish Signal

Only Three Other Occurrences Since 2002 The True Strength Index (TSI) is a momentum oscillator based on a double smoothing of price changes. As shown in the monthly S&P 500 (INDEXSP:.INX) graph below, a positive momentum crossover (black moves above red) has only occurred four times since 2002. In the…