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The Day Ahead 2016-10-11

The good news is the market closed the overhead S&P 500 gap yesterday as expected. The bad news it that it has yet to break the wider range. Since there is little on the economic calendar today through to the FOMC minutes tomorrow afternoon, assume a range bound market today.

US 30 year bond futures 2016-10-10

Bonds are on plan falling from what appears to be a completed structure up from 2007.

The Day Ahead 2016-10-10

Today will have a little lighter volume than a normal Monday which may help the equity indices break up from the range they have been trading in.

IWM – charting a topping process in Russell 2000 fund

Our latest post at TraderPlanet updates the chart for what we believe is a topping process in the Russell 2000 and the related fund IWM.

Crude Oil futures and ETF (USO) 2016-10-09

Crude should be closing in on the end of a corrective bounce and start one last move lower into early next year.

Apple (AAPL) 2016-10-08

Apple may have a little higher left in it but may very well be putting the icing on the cake of a lower high to that of 2015.

The Day Ahead 2016-10-07

The NFP report is out and probably in the Goldilocks zone, not too hot yet not too cold, letting the market rise without fear of immediate rate hikes by the Fed.

The Day Ahead 2016-10-06

Have an upside bias today in SPX but not sure how far they manage in front of the NFP tomorrow morning.

The Day Ahead 2016-10-05

In the big picture, I am pretty bearish, but in the short to medium term, I just can’t be bearish as the pattern does not appear complete. Can the short term pattern be run over? Of course, but until it does, will attempt to navigate the market as it creeps higher. Note: replaced ES chart […]

The Day Ahead 2016-10-04

Continue to have a bias to higher into the end of the week for the equity indices. Gold is under pressure as I type and likely started the expected move lower into late in the year.