Latest Posts

The Day Ahead 2017-06-23

The pattern in the S&P 500 is still opaque. The overall price level it reached on June 19th is a decent enough place for a high but the pattern for a high is still questionable and hence have to keep the door open to the idea of higher if the market finds support above 2417. […]

The Day Ahead 2017-06-22

As you know, I’m getting pretty nervous about the S&P 500 in this area but it is still holding together and thus am forced to look for supports and expect it to creep higher.

The Day Ahead 2017-06-21

The S&P 500 has dropped enough yesterday to take away the hope of a new high in the very short term but not enough to rule it out over the next couple week. Yes, I think the ice is getting very, very thin, but we need more supports to break to be aggressively bearish.

The Day Ahead 2017-06-20

We probably see a consolidation of the most recent advance today in the S&P 500. It is getting close to the next target of note, 2458, perhaps it can reach that after a relatively small retrace.

The Day Ahead 2017-06-19

The US equity market is still holding after the FOMC meeting but I can’t be enthusiastic about the prospects for higher.

Natural Gas via (UNG) 2017-06-18

In general, have been thinking that natural gas has been feeling its way to a higher low to that of 2016 and still think that is the case.

Euro futures and ETF 2017-06-17

Since the Dollar index is at an interesting juncture, it makes sense that the Euro would be as well. There is no change to the theme from the last time I posted the Euro charts, just minor changes to levels because of the adjustment for the past contract roll.

The Day Ahead 2017-06-16

Today is quad witching and while anything could happen, usually it is a dull day with any volatility pushed to the following Monday.

The Day Ahead 2017-06-15

The equity futures are down overnight but at a point that can attempt to hold. Thinking there will be a choppy bounce in the morning after which we will see if the bearish forces can press down again.

The Day Ahead 2017-06-14

And finally, the main event for the week, the FOMC decision and press conference. The plan has been a net rise up to today and the market has stayed to script. What comes next is murky. This could turn into the high of the year or a penultimate high. Which type of high is probably […]