Category: Market Analysis

The Day Ahead 2017-01-24

The modest bearish bias paid off early but could not be sustained. Today thinking we turn that behavior on its head and expect higher but may be prone to pullback after an initial rise, perhaps late in the day.

The Day Ahead 2017-01-23

The equity indices closed at resist Friday on the close and futures are down slightly as I type. It is fair to have a tentative bearish bias early but if the market doesn’t cooperate don’t be stubborn, just let them test the next step up and try again from higher.

The Day Ahead 2017-01-20

Equity futures have drifted higher overnight but going to have a provisionally bearish bias today. Like yesterday, the morning may push a little higher but will be watching to see if they sell off today.

The Day Ahead 2017-01-19

The S&P 500 (SPX) did bounce but wasn’t setting any speed records. Today, thinking is best to favor lower again. Note: Fixed the omission of the Gold chart.

The Day Ahead 2017-01-18

A mildly bearish bias has worked well for the last few trading days but am going to turn mildly bullish today. Not excited about it but bears are not doing much damage so the game of seeing who will be first to blink continues.

The Day Ahead 2017-01-17

Thinking that the equity indices are in much the same condition that they were in last Friday, thus looking lower today.

The Day Ahead 2017-01-13

Yesterday started out on the outlined path but reversed hard midday. Now what? Keeping a mildly bearish stance since we have had four consecutive lower highs in the e-mini S&P 500. Monday is a holiday in the US thus suspect trading activity thins out quickly today as people start a three day weekend early.

The Day Ahead 2017-01-12

The market again had a little something for everyone yesterday but bulls took the lead in the last part of the day. Today is difficult. I’m going to go with a minor negative bias but still can’t rule out a minor new high.

The Day Ahead 2017-01-11

Yesterday, came into the day with a bullish bias which was rewarded but there were plenty of bears that were looking to get short near the highs which reversed much of the morning gain. Today, think it best to have a nominally bearish bias and see if market bears can get a little follow-through lower […]

The Day Ahead 2017-01-10

Equity futures had some follow-through lower overnight but are recovering thus suspect the right move is to allow for higher. Crude is certainly touchy but also think it best to give the bulls a chance to push to a new high on this swing.