Category: Market Analysis

The Day Ahead 2017-04-21

The market is playing along with theme of holding up into the next FOMC meeting the first week of May. As to whether that will be a lower high or a new high to that of early March I don’t know as I can put forth arguments for both.

The Day Ahead 2017-04-20

The market stalled just short of the resistance range mentioned, SPX 2254, and dropped the rest of the day. Certainly a good job done by bears but bulls are not on the mat just yet. Overnight equity futures are up and over the hourly moving averages. We will see if they can hold most of […]

The Day Ahead 2017-04-19

So far the S&P 500 is following the script as it bounced up out of support yesterday. After moving a little higher we will see what they decide to do at the next decision point, either break over or resume selling, of which I expect the former.

The Day Ahead 2017-04-18

The market has been choppy keeping several paths open. Overall, I think they are trying to take the market up, either to a new high or lower high, into the next FOMC meeting that is two weeks away. The opposite is of course still possible but looks like a lower odds outcome. The good news […]

The Day Ahead 2017-04-17

I’ve decided to look at the Dow today in an effort to search for clarity in the equity indices.

The Day Ahead 2017-04-13

The very short term certainly has a bearish look but I don’t see how I can take the possibility for a sharp rise off the table yet.

The Day Ahead 2017-04-12

I have been reluctant to become bearish but instead been interested in finding places to buy and that worked out yesterday but that low is about as low as they can afford to let this drop or they stand to have a 50+ point air pocket.

The Day Ahead 2017-04-11

The SPX had made an attempt to break up out of the range but failed yesterday. I still favor a bullish outcome to a break out of the range but my confidence is waning the longer it takes.

The Day Ahead 2017-04-10

The two main ideas for the S&P 500 are still active. Either rising to an eventual new high over that of early March in what should be the penultimate high or the penultimate was made in March and now rising in the middle section of a corrective formation.

The Day Ahead 2017-04-07

Equity futures had a quick dip lower last night on the news of the cruise missile strike in Syria but have regained the drop ahead of the NFP. This is in harmony with the two leading wave counts which still point up.