Latest Posts

The Day Ahead 2016-11-21

The US equity indices continue to hold up and I have been talking about SPX needing to find a way to 2200 for a couple of months but think this is much closer to an ending than a beginning, especially since there have been calls for SPX 2500 now.

US 30 Year Bond futures 2016-11-21

I’ve had a request to update the bigger picture bond charts and I’m happy to oblige. Bonds are behaving as they should if they have made a significant high as I have been talking about most of this year. Only thing that is surprising is the speed over the last month and in retrospect shouldn’t […]

The Day Ahead 2016-11-18

The market continues to inch toward the August highs and the round number 2200 SPX. A small retrace or consolidation prior to punching over 2200 still looks better to me than punching to a new high now.

Crude oil futures should drop even lower

As a supplement to our recent post at TraderPlanet, this monthly chart gives some context for the expected drop.

The Day Ahead 2016-11-17

The market is being stubborn about giving the expected test of the break higher. I know I am turning into a broken clock on this but I just can’t be enthusiastic about looking for higher. In fact, I’m starting to get cold feet about pounding the table for 2200+ in SPX. Other major indices have […]

Crude Oil and USO 2016-11-17

When I last talked about USO, the ETF that tracks crude, I had a slightly different count there than crude. I have decided it is a bit better and applying it to crude charts. It is more of a technical change with no bearing on the forecast which is for lower into the first half […]

Things are looking up for the U.S. Dollar Index (DX)

As a companion to our recent post at See It Market about the CurrencyShares Euro ETF, we wanted to provide an update of our bullish forecast for the U.S. Dollar Index.

The Day Ahead 2016-11-16

Equity index futures are down overnight which is consistent with the view that a retrace is due before pushing higher to test 2200 SPX.

The Day Ahead 2016-11-15

The S&P 500 has been narrowing over the last few days. I’m reluctant to call it a triangle and look for a thrust higher, but instead lean to failure for a test of the break.

The Day Ahead 2016-11-14

While the S&P 500 should have a date with 2200 and bit beyond, a pause is reasonable first.