Tag "stock chart analysis"

S&P 500 Futures Trading Outlook For June 28, 2017

S&P 500 Futures Considerations For June 28, 2017 The S&P 500 (INDEXSP:.INX) declined into deep price support overnight and is now bouncing higher. Below are key levels to watch today. Check out today’s economic calendar with a full rundown of releases. S&P 500 Futures (ES) Yesterday’s charts faded into the breakout zones…

NASDAQ 100 ETF (QQQ) Testing Key Price Support Area

The PowerShares Nasdaq 100 QQQ ETF (NASDAQ:QQQ) and FANG stocks (Facebook Amazon Netflix Google) have been underperforming for weeks now. And the QQQ now finds itself sitting on top of an important confluence of price support. This will likely lead to a bounce, but discipline is advised here. This price…

S&P 500 Futures Trading Outlook For June 27, 2017

Stock Market Trading Considerations For June 27, 2017 Stocks are trading mixed heading into Tuesday’s session. After opening higher yesterday, the S&P 500 (INDEXSP:.INX) reversed lower. It will need to find support today before it can bounce. Check out today’s economic calendar with a full rundown of releases.  And note that the…

S&P 500 and Nasdaq Futures Weekly Trend Outlook – June 26

BIG PICTURE – What’s Ahead? Looking across the major stock market futures indices, the Dow Jones Industrials (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX) closed below the weekly open, while the Nasdaq (INDEXNASDAQ:.IXIC) closed above. Open gaps closed on Dow Jones futures (YM) and S&P 500 futures (ES), while Nasdaq futures (NQ) broke…

S&P 500 Futures Trading Outlook For June 26, 2017

Stock Market Futures Trading Considerations For June 26, 2017 Traders are resuming bullish control as the S&P 500 (INDEXSP:.INX) opens the week above price levels that used to be resistance. How much higher can bulls push the market? See the charts and analysis below. Check out today’s economic calendar with a full…

2 Housing Sector ETFs That May Be Topping

The housing sector is very sensitive to interest rates. So the past several months have been pretty darn good to stocks related to real estate and home construction / builders. In particular, the Home Construction ETF (NYSEARCA:ITB) and the SPDR Home Builders (NYSEARCA:XHB) have rallied sharply.  But both are nearing…

S&P 500 Weekly Outlook: Investors Look For New Leadership

In this week’s investing research outlook, we analyze the technical setup of the S&P 500 Index (INDEXSP:.INX), key stock market trends and indicators, and discuss emerging themes and news that we are watching closely in our investing research. Here’s a summary of our findings for the week ending June 23, 2017: Looking for New…

Sector Update: Health Care and Biotech Stocks Hot

I recommended the Health Care Sector ETF (NYSEARCA:XLV) in my June 8th “On The Mark” newsletter, predicting a short-term move up to the 79/80 area. Today we’ll provide an update while looking at the red-hot biotech sector (NASDAQ:IBB) as well. XLV is now trading at 79.63 for a 3.8% gain in…

Stock Market Futures Trading Update: Bulls & Bears Collide

S&P 500 Futures Trading Considerations For June 23, 2017 The battle lines are drawn on the S&P 500 (INDEXSP:.INX) and traders are competing for power across these price lines (support/resistance).  We’re pretty much landlocked until either buyers or sellers win out. Check out today’s economic calendar with a full rundown of releases….

Deutsche Bank Stock Chart Forming Bullish Buy Pattern

After bottoming in September of 2016, Deutsche Bank’s stock (NYSE:DB) nearly doubled (to $21 in January of this year). And the latest zig zag pullback is creating a potentially bullish buy setup for DB shares just below current prices. As you can see in the chart below, Deutsche Bank’s stock…