Tag "trading setups"

S&P Industrials Sector: Short-Term Trading Longs To Consider

The S&P Industrials Sector (NYSEARCA:XLI) is trying to breakout based largely on CSX Corp’s (NASDAQ:CSX) gap higher, but other stocks like Norfolk Southern (NYSE:NSC), Union Pacific (NYSE:UNP), Alaska Airlines (NYSE:ALK) and Emerson Electric Co (NYSE:EMR) all higher today as well. One thing to note, however, is that daily charts now show…

S&P 500 Futures Trading Outlook For January 19

Stock Market Futures Outlook for January 19, 2017 –  Price support and resistance levels on the S&P 500 (INDEXSP:.INX) have been well defended and have tightened in latest days. Buying pressure will likely strengthen above a positive retest of 2271.50.  Selling pressure will strengthen with a failed retest of 2258. Price…

Treasury Bonds Update: Mapping The Possibilities In Early 2017

Back in mid-December, I provided a ‘heads up’ that the bonds were oversold and that active investors should expect a bounce. The levels highlighted in that post worked and treasury bonds (NASDAQ:TLT) are currently in the midst of a bounce. Right now, I believe there is more work to be done on…

Stock Market Futures Trading Outlook For January 18

S&P 500 (INDEXSP:.INX) Broad Market Overview For Traders – January 18 Charts remain range bound as Davos meetings continues and traders wait for direction from administration.  Support and resistance levels have been well defended. Buying pressure will likely strengthen above a positive retest of 2271.50.  Selling pressure will strengthen with a failed…

Shares Of Amazon (AMZN) May Be Headed Lower Soon

In August of 2016, shares of Amazon (NASDAQ:AMZN) were zooming higher. Investors were feeling giddy and it was apparent that I needed to do some chart pattern analysis for traders So on August 8th I wrote a post about Amazon’s rally prospects. And more importantly, I highlighted some price targets for…

S&P 500 Futures Trading Outlook For January 17

Stock Market Futures Considerations For Jan 17, 2017 We begin a short US trading week today with a dip lower through support and a bounce back into congestion.  Momentum on the S&P 500 (INDEXSP:.INX) is drifting lower, so if we fail to breach above 2267, we will slip into the formation…

Stock Market Futures Weekly Review & Outlook – January 16

THE BIG PICTURE Consolidation on Dow Jones futures (YM) and S&P 500 futures (ES) seems to be the trend of 2017 as Nasdaq futures (NQ) steams ahead and leaves the indices in its dust trail. Week two, day four (1.12.17) seemed to be the hope of some correction in the market,…

Yahoo Stock (YHOO) Update: Time For A Trend Change?

Yahoo! Inc. (NASDAQ:YHOO) has been in the news a lot over the past few years. Whether it be acquisitions, speculation about being acquired, operations, or valuation, it’s been covered. And with the stock under pressure into 2016, the news wasn’t always cheery. But if we look at a long-term linear…

Biotech Sector (IBB): A Closer Look At The 2017 Rally

The Nasdaq Biotechnology ETF (NASDAQ:IBB) saw a knee-jerk reaction lower Wednesday after President-elect Donald Trump made harsh comments about drug pricing. On Wednesday, it finished off by -2.99%. While that decline was sharp, and may have hit a few traders, there was a silver lining for opportunistic traders (and I shared this yesterday on my…

S&P 500 Futures Trading Outlook For January 13

Stock market futures considerations for Jan 12, 2017 Yesterday, the S&P 500 (INDEXSP:.INX) tested the edges of deep support. However, we still held the current pattern of buying weakness. Our candlestick bodies on 4hour time frames remain landlocked. See today’s economic calendar with a rundown of releases.   TODAY’S RANGE OF MOTION – Stock…