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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.

Gold futures 2016-09-18

Gold may have a small bounce but should be headed lower into the end of the year.

(TLT) bond ETF 2016-09-18

Not suprisingly have the same view here as in bond futures, namely that a high may have been set in July and now in the early stages of moving lower.

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.

US 30 Year Bond futures 2016-09-15

Bonds have been under pressure but are in a zone on a daily chart that can accommodate a small bounce.

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.

Apple (AAPL) trying for a lower high

Our latest post at TraderPlanet shows our bearish forecast and target area for the next leg of the correction in AAPL. As a supplement to that article, the weekly chart shown below offers some fine-tuned resistance areas to watch in the near term.

The Day Ahead 2016-09-14

I think there is a good chance that the higher low sticks and triggers a rally into at least the FOMC meeting.

Natural Gas via (UNG) 2016-09-13

Natural gas is my bane. It is the one market that gives me the most trouble. Regardless, there has been a rise up from the March into June that has then been in a sideways consolidation pattern which may well break higher for several weeks