Latest Posts

The Day Ahead 2017-03-14

The S&P 500 futures are down as I type in what looks like a ‘c of ii’ which implies a possible morning low in the equity indices.

Crude Oil 2017-03-12

Crude is finally falling away from channel geometry. The path to a new low should not be expected to be a straight line, this is a good start.

The Day Ahead 2017-03-10

The S&P 500 finally came to life late yesterday and futures are extending that gain early this morning. The test will be if they can hold and continue rising after looking at the NFP later this morning.

Two upward paths for the U.S. Dollar

Here we examine the two most likely paths for the Dollar this year, and we’ll expand on the analysis in the next edition of our newsletter.

The Day Ahead 2017-03-09

The S&P 500 has been leaking under 2370, a shallow Fibonacci retracement, over the last few days with the next at 2350 which is a 38.2% retrace. I have been reluctant to call for SPX to drop that far but it remains a possibility. Equity futures roll to June today.

The Day Ahead 2017-03-08

The S&P 500 futures dropped after the close to the far side of a similar channel that we have been posting on the intraday SPX chart and been attempting to reverse up from that low. It is possible that there will be a retrace such that cash can trade lower but think it prudent to […]

The Day Ahead 2017-03-07

The rise out of the hole was slower than I thought it would be but eventually kicked in by the end of the day. Next step in the S&P 500 (SPX) should be a small consolidation, which may have taken place overnight, and a push up to the far end of the range, perhaps even […]

The Day Ahead 2017-03-06

S&P futures started the morning lower but have been lifting off of Fibonacci support. I am inclined to call that the first wave of a corrective pattern, possibly a triangle that will consume most of this week. That scenario implies a day or two of bounce.

Yen futures and ETF (FXY) 2017-03-05

Yen had followed the expected path lower late last year. It now appears to be trying to work up the low late last year following an upswing in the dominant monthly cycle which should take the yen net higher over the next two to three months.

The Day Ahead 2017-03-03

Since 2385 SPX did not hold, we know that that we should be forming a consolidation to correspond with the January 26 to January 31st move. A triangle would be a great way to waste time into the middle of the month for the next FOMC meeting.