Category: Market Analysis

The Day Ahead 2016-10-26

Expecting the equity markets to remain stuck in the range for a couple more weeks with yesterday the first step in testing the low end of the range. Several days of choppy action can occur before the low end of the range is tested.

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.

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 2016-10-18

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.

The Day Ahead 2016-10-17

Hope to see the S&P 500 (SPX) attempt a modest new low to that of Friday today and rally again to at least the top of the range it has been in for the last several weeks.

The Day Ahead 2016-10-14

Overnight had the US equity futures hold and push a bit higher such that they should open with a gap up. Expecting it to be a ‘gap and go’ type day not one where the gap is fully filled first before resuming the climb. Added bond chart

The Day Ahead 2016-10-13

Futures were down in the Asian overnight session but have been recovering in the European morning. That probably means a gap down open in the NY day session but think they will be ready to try for another bounce attempt today.