Category: Market Analysis

The Day Ahead 2016-07-27

The main event today is the FOMC statement at 14:00. Expecting a dull morning trade with an up bias till the statement hits the wires.

The Day Ahead 2016-07-26

There may be some market movement with the 10am news but should have low expectations a day ahead of the FOMC. I’d love to see SPX modestly lower into tomorrow but the low from yesterday may be it.

The Day Ahead 2016-07-25

Today is a slow news day such suspect there is little reason for the market to rise much more today, but instead think there is reasonable chance that some of the Friday gains are eroded.

The Day Ahead 2016-07-21

I know I am being stubborn but the equity market can really use a rest before attempting higher later. And since I bring up being stubborn, crude oil would look better lower before attempting a bounce.

The Day Ahead 2016-07-20

Looks like we will finally see a new high over that from last week. I’d prefer that it be ephemeral but will have to see.

The Day Ahead 2016-07-19

Must assume that the consolidation pattern from the last two to three days will have an upside resolution if only to make a nominal new high.

iShares Italy ETF (EWI) 2016-07-18

The Italian banks have been in the news and have been hit hard and the broader market has been dropping as well. A bounce may be due. The Italian government will likely put together some plan to restructure the banks fairly soon and the pattern and cycles support that view. [/am4show

The Day Ahead 2016-07-15

The decline yesterday was not convincingly impulsive so have a mild bullish bias today. Crude is in process to rolling into September, I’ll move my charts ahead on Monday.