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The Day Ahead 2016-02-01

Today, and the week, is likely to be filled with cross currents until we get to the NFP on Friday. Thinking today begins with a modest pullback but buying to come back later in the day.

iShares Russell 2000 ETF (IWM) 2016-01-31

The Russell 2000 has a somewhat more bearish look short term than the major US equity indices and more vulnerable to a new low under the January low before moving into a larger consolidation or bounce.

The Day Ahead 2016-01-29

The plan for today is much the same as yesterday, aim for the gap left from January 14th as the first overhead target.

S&P Biotech ETF (XBI) 2016-01-28

The biotech sector could be poised for a bounce within several days as it approaches a target range.

Crude Oil 2016-01-28

Crude is on track for a bit higher but expect some slowing this morning.

The Day Ahead 2016-01-28

Yesterday was a wild day with more movement pre FOMC than normal. Still think the market wants to test higher before any more meaningful pullback.

The Day Ahead 2016-01-27

The equity markets cooperated yesterday by being bid but my concern about inability to push to new highs was validated. After the close yesterday, both Apple earnings and the API crude inventories put pressure on futures overnight. Still think the theme is modestly higher in S&P 500 but probably need to wait for the FOMC […]

Yen futures 2016-01-26

Yen should have a month or two of bounce left as it rises with the dominant cycle.

The Day Ahead 2016-01-26

Prices pulled back a bit more than expected late in the day yesterday do to weakness in crude but the main theme holds, that the market is relatively firm into the FOMC meeting tomorrow.

Dollar Index 2016-01-26

I remain longer term bullish the USD but could use several weeks of modest retracement before embarking on a new thrust higher.