Latest Posts

Euro ETF correction nearly complete

The Euro ETF has moved a bit higher than we anticipated in our June 16 post, but bears have a strong chance of countering the rally and taking price to new lows.

The Day Ahead 2017-08-07

The NFP last Friday didn’t disturb the equity market by much. Still coiled looking to break, probably up.

The Day Ahead 2017-08-04

Equity indices didn’t move much on the NFP number. I don’t have a strong preference for direction today. Market is coiled up for a break up or down.

The Day Ahead 2017-08-03

I think we remain trapped in the range until tomorrow morning at which point they are able to push SPX up to another high or begin to work lower to retest the break above the June high.

The Day Ahead 2017-08-01

There is a somewhat better chance at a pullback today. If the high from last week is to hold, they need to turn down today.

The Day Ahead 2017-07-31

The E-mini Nasdaq 100 futures touched the 20 EMA on daily bars last week and helped pull the S&P 500 futures to near the same point. Since they were unable to break under on last Friday, we have to assume an effort to push up to test or even best the highs from last week […]

The Day Ahead 2017-07-28

I’d like to see the SPX attempt to test the low from yesterday and perhaps a bit under. Probably unrealistic to expect much more than a slight new low today.

The Day Ahead 2017-07-27

The reaction in the equity indices was pretty tame yesterday. There was more volatility in the Euro where it spiked up but has given back about half the spike as I type.

The Day Ahead 2017-07-26

The main event today is the FOMC statement at 14:00. I prefer a move lower but that will be predicated on the market reading the FOMC statement tea leaves as hawkish. A bullish reading will take the S&P 500 up to 2490 to 2497.

The Day Ahead 2017-07-25

One day left till the FOMC meeting. Yesterday started out soft, today the opposite.