Market News & Insights

Stock Market Video: Trading Setups This Week (November 21)

The major U.S. stock market indices extended last week’s rally, making higher highs (and all-time highs in the case of the Russell 2000). This price action has left market bears in a bad position as they continue to wait for a meaningful retracement. The SPDR S&P 500 ETF (NYSEARCA:SPY) finished higher +0.96%;…

S&P 500 Chart Update: Is A Thanksgiving Week Pullback Coming?

S&P 500 Futures – Chart Insights The S&P 500 (INDEXSP:.INX) looks to be forming an ending diagonal of sorts on both the cash index and the futures.  Note the chart above is futures. This type of pattern forms when higher highs and higher lows create a triangle-like pattern – this has…

Emerging Markets Sovereign Debt (PCY) On The Ropes

Folks, some followers requested that I take a look at the Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY).  Honestly, I hadn’t looked at this particular ETF before. But my initial thoughts are: wow, that was a perfect sell pattern setup. As I’ve said before, some patterns work, while some don’t –…

Global Market Review & Economic Update – October 2016

October was a mildly interesting month, as both bonds and stocks sold off moderately. Usually these asset classes move in opposite directions.  The S&P 500 (INDEXSP:.INX) “total” return for October was -1.82%. Wall Street showed its hand, as stocks sold off on news of the FBI investigation of Clinton’s emails,…

Donald Trump’s Victory & The Fall Of The Middle Class

The Inconvenient Truth behind Donald Trump’s Victory Following the BREXIT vote in late June and passionate support for the Bernie Sanders campaign, the Presidential election of Donald Trump provided yet another sign that the American people, as well as many around the world, are increasingly demanding a new economic path….

US Corn Futures Weekly Price Outlook: Record Corn Yields?

There were a number of notable private U.S. Corn production forecasts issued this week. And we’ll get the USDA’s November 2016 WASDE report on Wednesday, November 9th. FCStone in particular issued a revised 2016/17 U.S. corn yield estimate of 175.3 bpa with total production pegged at 15,226 million bushels versus…

Successful Traders Remain In The Drivers Seat

This post was written by my wife, Holly Burns. We talk a lot about the importance of trading plans, but it has occurred to me that plans may be where many of us are coming up short. Merriam Webster defines a “plan” as a set of actions that have been thought…

China PMI Surprises To The Upside As Base Metals Breakout

The October official manufacturing PMI for China rose +0.8pts to 51.2, a 2 year high.  The Markit/Caxin manufacturing PMI also rose to 51.2. The key driver of the gains in the official China PMI were a lift in (domestic) new orders, input prices, and production. This was a classic case…

Stock Market Video: Consolidation A Positive For Investors

The past 3 months have seen the major stock market indices transition into consolidation mode. This churning in the stock market has created little net gain for the S&P 500 (INDEXSP:.INX) over this time. However, the consolidation looks healthy. October Stock Market Video In the video below, I look at sectors…