Tag "trading setups"

S&P 500 Futures Trading Outlook: Battle Around 2711

Broad Stock Market Futures Outlook for May 18, 2018 As Fridays have the tendency to be more bullish than other days, we’ll keep our eyes on the break of resistance and the potential move to higher zones. Our fades are consistently supported by buyers in the otherwise bullish spaces. It looks like a…

S&P 500 Futures Trading Update: Market Drift

Broad Stock Market Futures Outlook for May 17, 2018 We are in a bit of a fade to support in larger intraday time frames, so the breach of yesterday’s lower high will be important to the resumption of bullish trend. Oil continues to accelerate higher. Gold is stabilizing around 1284 for…

Macy’s Stock (M) Rises On Earnings, But Likely Topping

Macy’s (M) traded 9% higher on Wednesday morning, after reporting earnings that beat Wall Street estimates. The company reported earnings per share of $0.42 and total revenue of $5.5 billion, above analyst expectations of $0.36 and $5.4 billion. They expect earnings for FY18 to be between $3.75 – $3.95, compared…

S&P 500 Futures Trading Update: Will Buyers Step Up?

Broad Stock Market Futures Outlook for May 15, 2018 Failure to break higher and a test of lower support have caution lights showing in the current bullish formations. The first pass dips into support zones will likely find buyers. Repeated failure to breach or hold highs will indicate more downside likely….

Stock to Watch: Enova International (ENVA)

If you’ve spent all of 2018 staring at the market indices, you might be missing out on the big picture: the numerous amount of individual stocks showing relative strength ready for a great 2H 2018. One stock in particular that I am bullish on is Enova International, Inc (NYSE: ENVA)….

S&P 500 Futures Trading Update: Into Overhead Resistance

Broad Stock Market Futures Outlook for May 14, 2018 Charts remain in bullish formations holding higher support but a series of measured moves across indices suggest that we are at a resistance zone that could easily bring fades to deep support. If you are looking for good swing setups, it seems…

S&P 500 Futures Update: Short-Term Bullish Targets

Broad Stock Market Futures Outlook for May 10, 2018 Buyers held support and we are pressing higher into new resistance. Pullbacks are still likely to find buyers in the bullish environment as we stretch closer to target areas above. Failure to hold support will be the first thing we see when…

S&P 500 Futures Trading Update: Watch Those Fades

Broad Stock Market Futures Outlook for May 9, 2018 Deep fades found buyers in a news-heavy day yesterday.  Buyers have prevailed across the board and now sit at key resistance noted in prior posts. Fades are likely to find buyers in the bullish environment here….but those fades could be deeper if initial…

S&P 500 Trading Update: Assessing The Rally

S&P 500 futures recorded a minor positive today by regaining 2636. This is causing a bit of an intraday Squeeze higher. Bonds turned lower with yields rising along with stocks, albeit the yield rise has cooled off as of mid-day. Yields currently sit around 2.95. S&P 500 futures are pushing past…