Latest Posts

The Day Ahead 2015-02-12

Crude is bouncing today and bringing the equity indices up with it. Did we form a type of swing low in crude and US equity indices yesterday? Maybe.

The Day Ahead 2015-02-11

The overnight trade has been heavy thus will open with a gap lower. That stresses my main count and may be forced to switch to the alternate.

S&P 500 (SPX) Update

Targets mentioned in the Day Ahead post met. Probably in a consolidation much of the rest of the day.

The Day Ahead 2016-02-10

Yesterday was a choppy inside day leaving the door open for a small move lower before turning up. An SPX move lower is still possible but the odds are decreasing.

Gold futures 2016-02-10

Gold is in a resistance zone but may creep slightly higher over the next few weeks. As long as gold stays under 1126 a new low later this year is to be expected.

The Day Ahead 2016-02-09

Experiencing some weakness in futures this morning but do not think it persists for long into the NY day session.

S&P 500 (SPX) Update

Those short should be watching for a bounce and the bounce can turn into something more.

Russell 2000 and IWM sticking with plan for lower

The Russell 2000 and the related ETF are still going according to our projection for lower in to spring. Our latest post at See It Market shows the chart and updated targets for near-term resistance and eventual support.

The Day Ahead 2016-02-08

Since many Asian markets, primarily China, are closed due to the lunar new year, I think the markets stabilize this week. Europe is trying to pick up the slack by selling off this morning but do not think the selling persists all week.

The Day Ahead 2016-02-05

Overall prefer the US equity markets to begin to push lower but have to be open to that not kicking till next week.