Tag "financial sector"

S&P 500 Trading Update: Waiting For A Reversal

S&P 500 Index Trading Outlook (2-3 Days):  BULLISH Still looks a bit early to turn bearish given the breakouts yesterday in Financials (XLF) and in Technology (XLK) while Industrials (XLI) have begun to accelerate after making its own minor trend breakout. While it was thought that a move over 2715 would…

S&P 500 Market Update: Bullish Bias Into Year-End

S&P 500 Chart Update Ongoing resiliency suggests long exposure still correct, and premature to take too much off the table ahead of year-end.  A move under 2652 is required before any real concern sets in. Market Thoughts Overall, stock prices still remain resilient, with positive price action out of Financials…

S&P 500 Trading Update: Pause And One More Rally?

S&P 500 Trading Outlook:  BULLISH Yesterday’s pullback failed to do much technical damage, closing at, but not below prior days lows. As well, Demark counts are incomplete in the bullish month of December. While another 2-3 days of weakness very well could happen, no trends have been broken, and anticipate…

U.S. Equities Trading Update: Tech Slowdown

S&P 500 Trading Outlook (2-3 Days):  Sell into strength Overall upside is limited on the S&P 500 (INDEXSP:.INX) through next week. While the trend has certainly been quite positive over the last few days, with the Industrials (NYSEARCA:XLI) and Transports breaking out to new highs and the Financials Sector (NYSEARCA:XLF) reaching…

S&P 500 Trading Update: Time / Price Align Into End Of Week

S&P 500 Trading Outlook (2-3 Days): Caution into Targets There may be one last opportunity for nimble traders to buy pullbacks on Wednesday in the 2612 – 2617 zone (on futures) with upside targets at 2636-46 into late Thursday/Friday. Note that these upside S&P 500 (INDEXSP:.INX) price targets look important from a time…

S&P 500 Market Update: Holiday Rally, Then What?

S&P 500 Trading Outlook (2-3 Days):  BULLISH, but… The S&P 500 is (INDEXSP:.INX) nearing resistance which could cause this rally to stall out directly over 2600. Active investors can stay long equities through the pre/post Thanksgiving holiday, but momentum has failed to lead stock prices back to new highs, and…

U.S. Equities Trading Update: Breadth & Momentum Deteriorating

S&P 500 Trading Outlook (2-3 Days):  BEARISH The S&P 500 Index (INDEXSP:.INX) remains locked in range-bound consolidation, and has now overcome multiple pullback attempts. But each ensuing rally / recovery has come in spite of deteriorating breadth and momentum. The price area to watch is 2562. This level has held three…

S&P Sector ETFs: The Latest Long & Short Interest

The following data, analysis, and charts highlight long and short interest as of October 31, 2017 across several S&P 500 Sector ETFs.  Note that these stock market charts and excerpts also appeared on my blog in the full article. Below I highlight 3 of 9 important stock market sector ETFs. We look at the SPDR…

S&P 500 Trading Update: 7 Reasons For Caution

S&P 500 Short-Term Trading Outlook (2-3 Days):  BEARISH I’m seeing signs of a minor pullback underway here in early November for the S&P 500 (INDEXSP:.INX).  BUT, we’ll need a break of 2562 on futures for any real concern to mount. Prices got up to 2590-2 and reversed, with weakness in Financials (NYSEARCA:XLF),…

Stock Market Update: Election Anniversary Turning Point?

S&P 500 Trading Outlook (2-3 Days):  Above 2560 keeps trend positive as early pullback attempts failed. While upside might prove limited for the S&P 500 (INDEXSP:.INX), the bias still appears to upward, as declines have failed thus far to gain any traction. But the anniversary of last year’s election lows is…