Tag "trading setups"

Stock Market Futures Trading Outlook For February 24

S&P 500 (INDEXSP:.INX,) Market Considerations For February 24, 2017 S&P 500 futures have dipped into important levels of support that are being tested at present.  I’m looking for a bounce that potentially gives us lower highs.  Bounces today might have a tough time holding. Buying pressure will likely strengthen above a…

S&P 500 Topping Update: Chasing Is A Dangerous Business

S&P 500 Futures Overview The S&P 500 continues to march upward to new record highs and unchartered territory. BUT this is not the time to join the euphoria and to disregard your risk management techniques. The current price of 2350 is only 50 points higher than my projected target discussed in my…

S&P 500 Futures Trading Outlook For February 23

Stock Market Trading Considerations For February 23, 2017 The S&P 500 (INDEXSP:.INX) has flattened out a bit but still holds momentum. This suggests that market pullbacks will still provide solid opportunities to move in the prevailing upside trend. Price levels remain the same as yesterday.  Federal Reserve minutes speak showed a hesitancy on…

Inside The Markets: 5 Charts For Active Investors (February 22)

It’s time for another round of macro technical charts as investors attempt to weigh the risk to reward ratio across several markets (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at 5 charts with important technical price developments.  Even if you’re not…

Crude Oil Price Compression: A Big Move Is Coming

We have an oil market in indecision. Indecision = compression. Crude oil price compression is building energy for a big move. There a variety of influences at play in the crude oil market: (i) with Permian-mania as a new swing producer (quick production switch back on and total production costs…

Stock Market Futures Trading Outlook For February 21

S&P 500 Futures Market Considerations For February 21, 2017 ES_F– Bullish action still holds with higher support levels building today.  We have been trapped in a channel after reaching a new high in the Globex event (holiday yesterday).  Pullbacks on the S&P 500 (INDEXSP:.INX) will still be bought. Although the chart is not…

Crude Oil Technical Update: Market Bulls Face Hurdles

There’s been very little change in the outlook for crude oil over the past week. Fundamental and technical hurdles remain but from a price perspective, traders are awaiting a major “break” in either direction. Crude Oil Technical Picture West Texas crude oil (WTI) is trading just above $53 per barrel, as it…

Gold Chart Update: Bulls Look To Power Through Resistance

After a second wave higher in the 2017 rally, gold prices spent much of last week trading in consolidation mode. Although the backdrop is bullish, the shiny metal nears key price resistance. Gold Price Resistance The SPDR Gold Shares (NYSEARCA:GLD) is sitting just under minor chart resistance near 118. And just…

Stock Market Futures Weekly Outlook – February 20

THE BIG PICTURE  We’ve seen seven relentless trending weeks to the upside to start 2017.  And last week was par for the course – the S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) closed at new all-time highs. In all, it’s been 15 weeks of nothing but one direction in the major…

Stock Market Futures Trading Outlook For February 17

S&P 500 Futures Trading Considerations For February 17, 2017 Bullish action still holds but drifts into higher support should be ‘business as usual’. Pullbacks will still be bought – the chart is not exhibiting anything that suggests collapse. However, the S&P 500 (INDEXSP:.INX) are due for a test of support today…