Category: Market Analysis

The Day Ahead 2016-09-28

The economic calendar is pretty full today with central bankers talking. I assume that will cause congestion at least in the morning today.

The Day Ahead 2016-09-27

The overnight gains have been eroding but interested in seeing if a higher low forms early this morning which gives cash markets a chance to trade up into the same area futures did overnight.

The Day Ahead 2016-09-26

The market is weak overnight and may even continue somewhat lower but should regain its footing and climb to challenge SPX 2200 or a bit more over the next couple weeks.

The Day Ahead 2016-09-23

Today is probably similar to yesterday, subject to choppiness but with an upward bias in the stock indexes.

The Day Ahead 2016-09-22

As expected, no rate hike yesterday. That sets the stage for SPX to eventually push over 2200 over the next couple weeks.

The Day Ahead 2016-09-21

Today the main events are the FOMC statement to be released at 14:00 and the press conference at 14:30. I lean to there not being a hike but the q&a in the press conference implying that it is very close. Till then, there probably will be few trade opportunities aside from perhaps testing the top […]

The Day Ahead 2016-09-20

The market went on to push higher in the morning yesterday as expected but then went on to test deep support. That doesn’t change the theme of higher into tomorrow and the equity index futures have been up overnight as would be expected if that was true. However, it is also possible that they remain […]

The Day Ahead 2016-09-19

Equity index futures are up overnight which is consistent with our expectation of a rise at least into Wednesday. Will be looking for those gains to tranfer and carry on into the day session today.

The Day Ahead 2016-09-16

The equity index futures retraced modestly last night and are recovering as I type. I suspect cash markets need to do something similar thus expecting a consolidation day today with a mild bullish bias.

The Day Ahead 2016-09-15

There has a been a nice move up in equity futures into early this morning. Will assume that the rise continues after a small pullback.