Latest Posts

iShares MSCI Italy ETF (EWI) 2016-10-25

I’m not saying this is incredibly bullish, everyone has seen the news about Italian banks, but do think there is a counter trend bounce developing that can last into the end of the year if not into the start of the next.

Apple (AAPL) 2016-10-25

The rise up from the low this year is getting long in the tooth but can extend a bit more before turning lower into next year.

The Day Ahead 2016-10-25

Equity futures made a new high over that of yesterday overnight thus think the plan for higher is still intact.

The Day Ahead 2016-10-24

The equity indices are up overnight and see no reason for that not to continue into the day session.

CurrencyShares British Pound Sterling Trust

A strong 3rd wave has driven FXB price into a major support level. From here, it could drift upward or sideways for a year or longer.

British Pound futures could venture upward

Cautious traders might view this as a signal to lighten up on existing short positions, while more aggressive traders might begin shopping for long positions.

The Day Ahead 2016-10-21

S&P 500 futures weak early this morning will mean that cash will open with a gap lower. If there is not a rally immediately at the open, expect moderately lower in the morning.

The Day Ahead 2016-10-20

S&P 500 E-mini futures are off the globex high but not overly concerned at this point. As I type, the ECB press conference Q&A is starting and that always can be a wild card, but overall think the equity markets should still have a positive bias.

The Day Ahead 2016-10-19

Goal to today should be to take out the high from last Friday in SPX.

The Day Ahead 2016-10-18

Will start the day with a gap up in S&P 500 (SPX) and not expecting much pullback today but instead thing they will try push to near 2150 or more later in the day.