Tag "trading setups"

S&P 500 Update: Nagging Concerns, But New Highs Likely

S&P 500 Futures Trading Outlook (2-3 Days):  BULLISH Now that S&P 500 has eclipsed 2396, we have filled the gap while many sectors are on the verge of breakouts, including the Industrials (NYSEARCA:XLI). Over 2404 will drive the S&P 500 futures to 2425-35. And given the pattern since early March, its…

S&P 500 Futures Trading Outlook For May 22, 2017

Stock Market Futures Considerations for May 22, 2017 (and days ahead) The S&P 500 (INDEXSP:.INX) has rallied back into the open gap space created by last week’s whoosh lower. This will take some time to work through but buyers should be found at lower levels (read more below). Check out…

Energy Sector Update: Are Stocks Nearing A Bottom?

The character of oil and energy stocks has completely changed in May. After a rough start and a full blown liquidation of an energy trading firm, stocks have stabilized along with oil. In fact oil, has had a persistent bid of late. One huge reason to be bearish oil prices…

Tracking Sigma Scores Of Price Changes For Regime Shifts

Measuring price moves is the name of the game. However, measuring price moves given recent context can add additional benefits to your trading performance. At times, the market can get very quiet which can make a 1% price drop feel like a 10% price drop (think summer trading). At other…

S&P 500 Chart Update: Is A Deeper Pullback Underway?

Yesterday’s whoosh doused some water on the near-term prospects for a bullish breakout on the S&P 500 Index (INDEXSP:.INX). I was leaning toward an upside resolution to the current trading range, but that’s not in the cards. It’s possible that the larger stock market pullback I had been looking for…

Ways To Trade And Trade Off Of Market Volatility Indices

The financial press and related blogs are packed with tales of worry about the record low VIX Volatility Index (INDEXCBOE:VIX) levels. With the move below 10 last week, it prompted no less than five full length articles on the Wall Street Journal. Writers worried that we should “Fear the Stock…

Consumer ETF (XLY): An Elliott Wave Trading Update

Traders should trade carefully in the SPDR Consumer Discretionary ETF (XLY) The Consumer Discretionary SPDR ETF (NYSEARCA: XLY) may offer some good trading opportunities in the later part of 2017 and beyond. In this post we examine some scenarios and show how traders working on different time frames can make…

Crude Oil Trading Update: Bulls Need To Be Patient

West Texas Crude Oil (WTI) is currently marching back towards that $50 level… And with the recent bounce, has seen a failed breakdown. I have seen some positive developments, but Crude will have to over take some overhead supply if bulls want to play ball. As you can see in…

S&P 500 Update: Small Caps Lag But New Highs Likely

S&P 500 Futures: (2-3 Days) – Bullish Pullback attempts yet again were bought up by the bulls. The S&P 500 (INDEXSP:.INX) bottomed right where it needed to before rallying nearly 15 handles off early lows. Unless 2375 (futures) / 2378 (cash) is breached on a close, it’s still wise to play for…