US Markets

Oil Heading Lower? The USO Short Trading Setup

Crude Oil prices have broken lower this morning and it appears that even lower prices are in the cards over the coming days. If this development continues, it will mean two things: 1) less pain at the pump and 2) an opportunity to get short with well defined risk-reward. One…

Chart Of The Day: Federal Reserve vs ECB Balance Sheets

You might not be an expert in balance sheets (I’m sure not), but I’m guessing you’ll be able to tell the major difference between what the Federal Reserve has done differently from the European Central Bank over the past few years. Just check out the chart below, highlighting their respective…

How Has NFP Friday Performance Fared Recently?

Just Ahead of Today’s NFP release at 0830ET, here’s a brief look at how Fridays featuring “the jobs report” have fared over the last 6 months (March-August): All Fridays: 25 Average overall: 0.05% 15 positive (60%) — Average positive: 0.36% 10 negative (40%) — Average negative: -0.47% Though May-July had…

Capital Markets Recap: Fed, Dollar, Geopolitics In Spotlight

July was an eventful month on the political and economic front, as the conflict in the Ukraine was joined in the headlines by renewed U.S. involvement in Iraq. The Fed continued to unwind QE and is on pace to conclude all ‘money-printing’ within a few months. Stocks drifted slightly lower,…

3 Reasons The SPX Is Still A Dip Buyers Market

At these heights, I feel hesitant to argue that there aren’t any technical warning signs for equities. But that’s the case: none of the measures of trend, momentum or internal data that I monitor for the S&P 500 have turned bearish… yet. So once again, we’ll likely see dip buyers emerge….

S&P 500: More Rally Ahead? Watch This Level

This is the question.  Is there more rally ahead for stocks over the near-term?  As a technical analyst, I prefer to follow price. So let’s see what investors are looking at today and in the days ahead. The bounce from 1900 wasn’t entirely unexpected; myself and other technicians had been…

A Financial Conversation With Millennials

A young couple recently put me on the spot asking for financial advice as they began their journey in life together. Did I have any words of wisdom? I stumbled, bumbled, and stammered unable to give any semblance of a cohesive answer. All I could think of was the mountain…

Financial Markets Weekly Overview: Large Caps In Focus

The U.S. equity markets recovered slightly last week with the S&P 500 gaining 0.33% and the Russell 2000 jumping 1.55%. Before we get too excited we should keep in mind that this is the second week of August and the year-to-date gain for the Russell 2000 is -2.75%. The S&P…

A 10 Year Look At The SP 500 With Corrections

Let’s take a look at the S&P 500 from the beginning of the housing/financial fiasco in 2007 – 2008 and the following recovery; albeit Central Bank driven, numbers are numbers. We’ll also take a look at the corrections along the way. But, first things first, let’s take a closer look…