Commodities

S&P 500 Futures Trading Outlook For December 2

Stock Market Outlook for December 2, 2016 – The job numbers are released today at 8:30am ET and will provide volatility. Critical price support levels for the S&P 500 (INDEXSP:.INX) were broken yesterday. And this morning we tested our final target of the short for the setup in yesterday’s blog….

Commitment of Traders Report (COT): Commodities In Spotlight

The following is a recap of the recent Commitment Of Traders (COT Report) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of November 22. Note that the change in COT report data is week-over-week. Excerpts of this blog post originally appeared…

S&P 500 Futures Trading Outlook For December 1

Stock Market Futures Outlook for December 1 2016 – There’s a big news release day ahead of us. After a bullish setup in the pre-market yesterday, S&P 500 futures hit price resistance and retreated to lower support levels. This same action also happened on Nasdaq futures (an underperformer). The S&P…

Gold Update: Can The Yellow Metal Get Up Off The Mat?

Since the presidential election, there has been relentless selling going on in the gold market. Last Thursday, I highlighted Gold as being oversold and a potential trading setup to watch. Gold futures prices have fallen a bit further, demonstrating just how weak the yellow metal has been in November. One thing I stated…

S&P 500 Futures Trading Outlook For November 30

Stock Market Outlook for November 30, 2016 – Stock market futures charts look poised to expand as S&P 500 futures held price support near 2198 for a couple of days. S&P 500 futures are now holding just above price resistance as news sits slightly bullish all around. Pullbacks on the S&P 500 (INDEXSP:.INX) should…

Energy Sector Update: Is It Time To Fade OPEC?

Who knows what OPEC will actually do. And really, who even cares?  At least, that’s the trader in me. OPEC “noise” is just something that adds short term movement to crude oil prices and drives sentiment shifts in oil prices and energy stocks. Is it time to tune out the noise…

S&P 500 Futures Trading Outlook For November 29

Stock Market Futures Outlook for November 29, 2016 – Tuesday begins with a muted move to the north. S&P 500 futures are currently holding just above price support near 2199 – 2197.   I suspect we test that support level again yet we should remain bound by 2209 (overhead price resistance). Traders continue…

SPDR Gold ETF (GLD) Hits Key Fibonacci Price Support

Spot Gold prices and the SPDR Gold Shares Fund (NYSEARCA:GLD) have been hit very hard in the post-election day trade. This trade has also coincided with a rising dollar and equities – 2 potential headwinds for Gold. But U.S. equities and the greenback have risen sharply in recent weeks and may be…

S&P 500 Futures Trading Outlook For November 28

Stock Market Outlook for November 28, 2016 – We stopped three ticks shy of the top price resistance level quoted on Friday near 2212.5 on S&P 500 futures. This will remain resistance for the S&P 500 (INDEXSP:.INX) today if sellers fail to breach and recapture 2211.75, else the levels near…