Commodities

S&P 500 Futures Trading Outlook For April 24

Broad Stock Market Futures Outlook for April 24, 2018 Congestion remains the formation with a bounce in progress into old resistance regions in the S&P 500 near 2687. We are in a retrace of bullish motion from last week and close to stock market support levels that need to hold across…

S&P 500 Weekly Market Outlook: Headwinds Remain

Stocks slid yesterday and the rally may face additional headwinds going forward. Here’s our latest look at key technical indicators and market trends for the trading week ending April 20, 2018. Key Takeaways: A pessimism-fueled bounce has led to some near-term breadth improvements. Lack of a breadth thrust and more…

Silver Gold Ratio… Set To “Spring” Precious Metals Higher?

Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance. One thing that has been missing is Silver strength… but yesterday’s big move by Silver may be the lift that precious metals need. During bull markets for precious metals, silver tends to lead….

Commodities Compression: Price Nearing A Decision Point!

The commodities space has dealt investors a difficult hand over the past decade. Back in 2010/11, the Thomson Reuters Equal Weight Commodities Index peaked following a fast and furious move to the upside. Since then, Commodities have been a mess. Failed rallies and rangebound trade have caused frustration across crude…

Oil ETF (USO) Nearing Elliott Wave Reversal Area

Crude oil prices have made a significant break out of the long-term downward channel in recent months. This has led us to treat last year’s low as a durable low, and we believe a new upward pattern has begun forming in the very big picture. However even with a long-term…

S&P 500 Futures Trading Update: Bulls Back Again

Broad Stock Market Futures Outlook for April 16, 2018 S&P 500 resistance holds from the indexes Friday’s highs. I am watching for a lower high against higher lows. How well we hold higher support levels will determine how the day goes for traders. Earnings season continues and if momentum projects the actual…

Patient GOLD Bulls Continue to Wait for a Breakout

The following chart and data highlight non-commercial commodity futures trading positions as of April 10, 2017. This data was released with the April 13 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 GOLD. For the week, spot…

S&P 500 Futures Trading Update: Breakout or Fakeout?

Broad Stock Market Futures Outlook for April 13, 2018 Charts sit at the top of resistance range today with momentum holding steady to the upside.  How well we manage this breakout will tell us whether we are able to maintain upside. Earnings season begins and as mentioned yesterday, we expect to see…