Tag "trading setups"

S&P 500 Futures Trading Update: Bulls Testing Major Resistance

Stock Market Trading Considerations For April 21, 2017 Renewed hope in the tax plan and a strong showing from corporate earnings (75% of the reporting companies beating expectations) created an environment that allowed the S&P 500 (INDEXSP:.INX) to bounce into higher resistance. But how sustainable is this rally? Read more…

Treasury Bonds Update (TLT): Bulls Eyeing Key Resistance

The 20+ Year Treasury Bond ETF (NASDAQ:TLT) is attempting to breakout here. But it’s worth noting that this is the fourth attempt to take out the 2017 highs. Needless to say, this area of price resistance has become pretty clear cut. So what happens in the coming days will likely bear importance on the…

Amazon Stock Chart Update: AMZN Defying Gravity

Well, Amazon (NASDAQ:AMZN) did hit my target price zone and fall back… but it certainly did NOT continue lower. Here’s my last update. Instead, Amazon’s stock price reversed higher and zoomed to new all-time highs. So, it’s all probability folks. And, quite frankly, I love Amazon (AMZN). What an amazing company…

German DAX Update: 2017 Price Targets & Analysis

Honestly, I can’t believe it’s a been a year since our last German DAX post here. In that post, we shared a couple of key chart insights for the German DAX (INDEXDB:DAX): Notice that the bearish divergence had not appeared and the count called for one more move to all-time highs,…

S&P 500 Futures Trading Outlook For April 3

Stock Market Futures Considerations For April 3, 2017 Higher support is holding for the second day near 2356 on S&P 500 futures but the failure to recover over the significant weekly level of 2365 remains troubling. Momentum on the S&P 500 (INDEXSP:.INX) was not strong enough on Friday to hold highs…

S&P 500 Futures Trading Outlook For March 29

March 29, 2017 – S&P 500 (INDEXSP:.INX) Trading Considerations Higher lows yesterday set the table for another rally into upside resistance. Momentum is mixed so traders will need to be patient for setups. See key futures trading levels below.   S&P 500 Futures (ES) Higher lows as expected yesterday gave…

Russell 2000 Rally Prospects: Levels, Flows, & Short Interest

Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday – sending the Russell 2000 Index (INDEXRUSSELL:RUT) higher. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed under the…

S&P 500 Futures Trading Outlook For March 27

Stock Market Futures Considerations March 27, 2017 We begin the morning testing very important support levels of support. If lost, the S&P 500 Index (INDEXSP:.INX) could make a 100% retracement into the breakout area of February 9, 2017.  Check out today’s economic calendar with a full rundown of releases.  And note that the charts…

Crude Oil Likely To Rally Before Heading Lower Once More

Where Is Crude Oil Headed? West Texas Crude Oil (WTI) is currently sitting near $47.85/barrel, and continues to waffle around its 200-day average near $48.75.  I took some profits on my “short” crude oil position (via the short crude oil ETF, NYSEARCA:SCO) as I’m still looking for a bounce toward…