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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.

Natural Gas via (UNG) 2017-02-02

Natural gas has been moving lower for the last month. The advance from the low last year to the October high did not have an impulsive look and at the time argued for a move to a new low. That was followed by a swift drop in November that failed to make a new low. […]

Video: narrating the decline in FXB, the British Pound ETF

In our latest video, Tom narrates the decline in the British Pound and related ETF, with special attention to scouting for further shorting opportunities some months ahead.

GLD should rally for several months

It was late August when we suggested that See It Market readers should watch for a pullback in gold prices. In subsequent months, shares in the SPDR Gold Trust (NYSEARCA:GLD) retraced more than 75% of the gains they had made since 2015.

S&P 500 (SPX) Update

I had a typo in one of the upper resistances on the SPX chart thus posting an updated one.

The Day Ahead 2017-02-01

Today is a busy day on the economic calendar front with the main event being the FOMC at 14:00. The equity market probably has a mild positive bias into the early afternoon.