As mentioned in the title, the chart of the Nasdaq 100 Index (INDEXNASDAQ:.IXIC) is showing topping formations. The chart below shows overhead resistance… and how momentum is beginning to stall out for large cap tech stocks. Although pullbacks are likely to be bought, traders should use caution here. Below is…
S&P 500 Trading Outlook (2-3 Days): BEARISH The S&P 500 Index (INDEXSP:.INX) has now risen into the first important zone where a trend reversal could take place between now and Friday. Overall, 2520 (futures) should be an area to sell into on any opening Spike between now and Friday. UNDER 2487, or last week’s…
Chasing the Dragon “There is no other agency of government which can overrule actions that we take.” – Alan Greenspan The Federal Reserve (Fed) currently expects real economic growth for the foreseeable future to average below 2.00%. Japan, the United Kingdom, and the European region are forecasting an even more…
Small-Cap volatility expectations just smashed previous record lows. I’ve written a fair amount lately on various themes related to volatility expectations in the stock market. Many of these posts focused on the behavior of volatility expectations relative to their underlying stock market indices, including one last week on the “stand-off” between the Russell…
The equity markets remain elevated with the S&P 500 (INDEXSP:.INX,) and Dow Jones Industrials (INDEXDJX:.DJI) sitting at record highs. The move to new highs is finding leadership via the Industrials Sector (NYSEARCA:XLI) and the Materials Sector (NYSEARCA:XLB). Stocks are being supported by improving global economic conditions and by a growing…
Professional Coaches Study The Game And Their Opponents Successful coaches in any sport break down film to better understand the small details that lead to long-term success. The same principles can be applied to the financial markets, trading, and investing. Michael Lombardi, who worked with NFL coach Bill Belichick for…
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…
THE BIG PICTURE The broader stock market remains in an uptrend. Worries continue to linger, but the best thing to do is follow the price action and avoid anticipation due to “noise”. If/When we enter a market correction, your process should stop you out of the trade. Without further adieu,…
Over the weekend, I shared a chart brief on my website looking at two sentiment charts while discussing their role alongside the rally in global equities in 2017. The two charts pit the Ipsos Consumer Sentiment vs Global Equities (All-World), along with the same consumer sentiment charted against the Global…
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…