Category: Market Analysis

The Day Ahead 2017-08-17

The S&P 500 futures are lower as I type. Think we should assume that carries into the day session.

The Day Ahead 2017-08-16

Since the futures held overnight, need to allow the SPX to try to poke past the last couple days of consolidation with 2475 to 2477 SPX as the main attractor for price.

The Day Ahead 2017-08-15

Today the bears should try to make a stand and attempt stepping in to set a lower high in the SPX. How successful they will be is an open question.

The Day Ahead 2017-08-14

The day will start with a gap up on the S&P 500. Expect prices to drift higher and hold today.

The Day Ahead 2017-08-11

Finally making some progress in a summer correction in the S&P 500. There may be a modest move lower in the early morning but expecting consolidation day.

The Day Ahead 2017-08-10

Yesterday was expected to bounce in the morning but that bounce lasted all day. Now in the process of attempting to break the broader range by moving lower though not expecting that to be easy. Probably have to deal with at least a choppy morning but my bias is to lower.

The Day Ahead 2017-08-09

The S&P 500 ran up into a new high yesterday and came under some initial selling pressure. That selling resumed overnight which will start the day with a gap down. I want to see selling resume during the day session but will allow for an early morning bounce.

The Day Ahead 2017-08-07

The NFP last Friday didn’t disturb the equity market by much. Still coiled looking to break, probably up.

The Day Ahead 2017-08-04

Equity indices didn’t move much on the NFP number. I don’t have a strong preference for direction today. Market is coiled up for a break up or down.