Tag "crude oil"

S&P 500 Futures Trading Outlook For January 20

Stock Market Futures Trading Overview For Jan 20, 2017 S&P 500 (INDEXSP:.INX) price support levels broke yesterday, but in true form buyers came to the rescue and brought us back into congestion.  S&P 500 futures charts remain undecided with a slow news release day and options expiration. Market momentum has dipped…

S&P 500 Futures Trading Outlook For January 19

Stock Market Futures Outlook for January 19, 2017 –  Price support and resistance levels on the S&P 500 (INDEXSP:.INX) have been well defended and have tightened in latest days. Buying pressure will likely strengthen above a positive retest of 2271.50.  Selling pressure will strengthen with a failed retest of 2258. Price…

Stock Market Futures Trading Outlook For January 18

S&P 500 (INDEXSP:.INX) Broad Market Overview For Traders – January 18 Charts remain range bound as Davos meetings continues and traders wait for direction from administration.  Support and resistance levels have been well defended. Buying pressure will likely strengthen above a positive retest of 2271.50.  Selling pressure will strengthen with a failed…

S&P 500 Futures Trading Outlook For January 17

Stock Market Futures Considerations For Jan 17, 2017 We begin a short US trading week today with a dip lower through support and a bounce back into congestion.  Momentum on the S&P 500 (INDEXSP:.INX) is drifting lower, so if we fail to breach above 2267, we will slip into the formation…

S&P 500 Futures Trading Outlook For January 13

Stock market futures considerations for Jan 12, 2017 Yesterday, the S&P 500 (INDEXSP:.INX) tested the edges of deep support. However, we still held the current pattern of buying weakness. Our candlestick bodies on 4hour time frames remain landlocked. See today’s economic calendar with a rundown of releases.   TODAY’S RANGE OF MOTION – Stock…

Crude Oil Futures Speculation Nears 2014 Highs

Speculators in crude oil futures are back near their “obscene” record net-long position set just prior to the 2014 collapse in oil prices. Here’s why oil bulls should be worried about current crude oil futures speculative positions… When we started posting our charts on social media and writing this blog some…

S&P 500 Futures Trading Outlook For January 12

Stock Market Futures Outlook for January 12, 2017 – The S&P 500 (INDEXSP:.INX) is landlocked for the seventh day, and though we extend ourselves over the edges for a moment during the day, we are quickly seeing that strength is being sold and weakness in being bought. This is a…

S&P 500 Futures Trading Outlook For January 11

Stock Market Futures Outlook for January 11, 2017 – Range bound behavior continues for stock market futures (and S&P 500 futures) into the news conference scheduled today. Our levels for expansion and contraction remain the same as yesterday. Buying pressure will likely strengthen above a positive retest of 2271.50. And selling pressure…

5 Charts For Investors: Around The Global Financial Markets

I’m back with another set of 5 macro technical charts to watch as we move further into the near year (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

S&P 500 Futures Trading Outlook For January 10

Stock Market Futures Outlook for January 10, 2017 – After posting new highs, the S&P 500 (INDEXSP:.INX) chart has retreated but still holds above key support. For futures trading, that key support level is 2268. The trend is still bullish meaning the bounces off support are likely to hold. Earnings releases…