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The Day Ahead 2017-02-13

S&P 500 was up on Friday though it did have a little more staying power than expected. Equity futures are up as I type thus should have an up bias early and but not thinking a runaway up day but one where most of the gain is early in the day.

Gold futures 2017-02-11

Note: Fixed typo on weekly alternate chart Gold has been performed well from the low late last year but should be due for a stall or retrace that should span three to five weeks. I am including charts, both monthly and weekly, that cover the two scenarios in gold that I favor, in some ways […]

The Day Ahead 2017-02-10

The market cooperated by moving higher yesterday in a steady fashion. Today, look for a modest continuation higher before going into the Friday doldrums.

The Day Ahead 2017-02-09

The equity indices followed the script yesterday with a modest morning low and a rise. Today, thinking higher but will come into contact with previous highs early which may take time to chew through.

The Day Ahead 2017-02-08

Equity indices did travel higher yesterday, though short of expectations, before retreating. Today, thinking a little lower to start the day but not by much before an attempt to rise again.

The Day Ahead 2017-02-07

Judging from the overnight action the depth and length of the correction yesterday was enough for the moment and now have to look higher in the short term.

The Day Ahead 2017-02-06

Starting the week with little on the economic calendar means a consolidation day is probably ahead. Said consolidation probably started middle of the day on Friday and completes this morning.

iShares 20+ Yr Treasury Bond ETF (TLT)

The short trade in TLT is certainly long in the tooth but looking for a new low, as in bonds, before a better bounce.

The Day Ahead 2017-02-03

Futures are up off of the NFP which is consistent with the theme of retesting overhead support but not sure if it will be sustained all day.

The Day Ahead 2017-02-02

The economic calendar is sparse today ahead of the NFP tomorrow morning. Thinking that is a recipe for a bounce today into tomorrow morning.