Stocks & ETFs

Walmart’s Stock Price (WMT) Nears Crossroads Into 2017

It’s been a rough ride for Walmart (NYSE:WMT) investors over the past 2 years. The stock fell sharply in 2015 before rallying back in 2016.  Now it’s at a crossroads heading into 2017 As you can see in the chart below, Walmart’s stock price has formed a pennant pattern over the past…

Stocks Gap Higher: Technical Outlook For January 3

The S&P 500 (INDEXSP:.INX) has snapped back after declining about 1.5% in the final 5 days of the year. But it will need to make up some ground to expect smooth sailing in the days ahead. A sharp advance in stock market futures this morning created a gap higher on the…

Stock Market Futures Weekly Review & Outlook – January 1

THE BIG PICTURE – Stock Market Futures 2016 is out the door.  Welcome to 2017! You may have never thought we would make it through the presidential election in one piece and the uncertainty from one fed meeting to another didn’t make anything feel very smooth. However, markets eventually consolidated…

Overheated Bank Stocks Set To Underperform Broad Market

The stock market has enjoyed a nice rally higher in the fourth quarter. Much of the gains have come since the election in early November. And, if you haven’t noticed, bank stocks have been market leaders. Banking sector outperformance has come hand in hand with higher interest rates. But the…

Global Dow Index Chart Highlights Year-End Resistance For Stocks

The Global Dow Index is running into its long-term Down trendline stemming from the 2007 all-time peak. Here in the U.S., equity investors have been a bit spoiled as they’ve watched index after index break into all-time high ground this year. Around the globe, investors have not been so lucky….

Under Armour Stock (UAA) Nearing “Buy” Level Support

Under Armour (NYSE:UAA) is now on my trading radar. After breaking important support around 31.64, Under Armour stock price is nearing a buy zone around $26-$28. Again, this is all based on probabilities. Personally, I like Under Armour’s products but I have very little idea about their fundamentals or go to market…

Investor Sentiment Charts Worked Wonders In 2016

A look at two unique 2016 investor sentiment charts… and how valuable they were in timing market trend changes. The first chart was one of the “people’s choice charts” in my 2016 End of Year Special report. It shows a different perspective on investor sentiment which called the bottom of the market and…

Higher Volatility Ahead For Stocks? This Ratio Says So

One of the great things about being a technician is the ability to constantly explore new charts and look at markets from all angles. The Volatility Index (VIX) has gotten a lot of attention lately as it gets to historically low levels. Charlie Bilello, CMT  pointed out that the VIX…

NASDAQ Futures Update: Careful For That Ascending Wedge!

The Nasdaq 100 () rallied back to new highs in December before losing momentum recently.  Today, I want to look at a chart of the NQ Nasdaq 100 e-mini contract (futures). In the chart below, you can see the strong move higher, followed by a sideways to higher consolidation. This set the…

S&P 500 Futures Trading Outlook For December 23

December 23, 2016 Stock Market Outlook –   Note that the bond markets close at 2pm for the Christmas holiday today. The price action on the S&P 500 (INDEXSP:.INX) continues to tighten.  Over on the futures chart, 2261 looks to be early resistance today. Buyers took advantage of a break…