Last week we took a look at interest rate sensitive sectors to kick off our mini-series on core income. In our second edition of the of this series we examine the Commodity sectors: Energy (NYSEARCA:XLE) and Materials (NYSEARCA:XLB) both of which are very sensitive to economic conditions. These sectors tend…
Stock Market Futures Trading Consideration For September 19, 2017 I’m digging out this morning so this will just be a short “chart” update for the S&P 500, Nasdaq, and crude oil futures contracts. The S&P 500 (INDEXSP:.INX) continues to hover near its highs on Tuesday morning but momentum is simmering…
U.S. Corn futures dipped lower early in the week only to recover by week’s end. Corn prices have been stuck in a range between $3.50 and $4.00 for several weeks. The lower end of that range is getting tested… and if it gives way, the 2016 lows could be tested….
S&P 500 Outlook (2-3 Days): BEARISH Upside is likely limited into Expiration as the rally stalls. There’s been no change in thinking given lack of movement here lately. While near-term trends have been positive, prices have the potential to reverse course into early next week. As stated yesterday, further gains likely…
Two of 2017’s major investing themes thus far are the return of Gold (NYSEARCA:GLD) and the prolonged weakness in the U.S. Dollar (CURRENCY:USD). Year-to-date, Gold is up 15.72% while the U.S. Dollar is down 9.57%. This follows a multi-year decline in Gold and a multi-year rise in the Dollar. The…
Stock market futures trading considerations for September 12, 2017 The S&P 500 (INDEXSP:.INX) is pointing higher once more on Tuesday. Traders will want to follow the support/resistance levels (and retest levels!) listed below for the S&P 500, Nasdaq, and crude oil. Check out today’s economic calendar with a full rundown of releases. And…
Note that this post went out to my “Gone Fishing” newsletter subscribers this past weekend. After hitting a 14-year high at the end of 2016, the US Dollar (CURRENCY:USD) has lost 11% in 2017. Whether a reaction to Trump talking it down post inauguration, US real disinflation, Euro melt-up (which…
West Texas Crude Oil (WTI) bounced up near $49/$50 last week after holding chart support in the $46 region. But that price area represents strong resistance. And it is showing today as Crude Oil and related ETFs (NYSEARCA:USO) are falling today. Crude prices remains highly volatile from day to day…
Stock Market Futures Trading Considerations For September 11, 2017 The S&P 500 (INDEXSP:.INX) and the broad stock market futures indices are rallying higher this morning. Key trading levels for today are listed below. Check out today’s economic calendar with a full rundown of releases. And note that the charts below are from our…
Most U.S. stock market indexes are trading down slightly with Europe and Asia largely mixed. Investors are still seeing signs of risk-off behavior with the USD/JPY (dollar/yen) sliding to lows of the year, Treasury yields trading slightly lower, and gold and silver higher. The S&P 500 (INDEXSP:.INX) is still very…