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The Day Ahead 2017-06-06

The day is starting off with S&P 500 futures lower, dropping in the move that we were shopping for yesterday. While close to support early this morning, think they can continue another four or five points lower in the morning before attempting much of a bounce. The last several day consolidation is the main target […]

The Day Ahead 2017-06-05

Just under two weeks left till the FOMC meeting but we do have the ECB on Thursday of this week along with contract roll. In the meantime, a consolidation in the equity indices makes sense to me.

The Day Ahead 2017-06-02

Yesterday was pretty a good job by bullish forces after they finally pushed up over the highs of last week, they kept at it till the close, and even into the overnight Globex session. We could see the market carry somewhat higher but should be nearing a consolidation if not a more major pullback.

Watch this area for a Dollar UUP bounce

This is the right area to watch for a bounce in the Dollar and the UUP fund. View the latest chart at See It Market.

The Day Ahead 2017-06-01

The S&P 500 failed to punch to a new high and fell early in the morning only to recover much of the drop by the end of the day. Unfortunately, I think we can see more of this behavior, where they take prices to one end of the range and back. I still think we […]

The Day Ahead 2017-05-31

Yesterday came through with a choppy day with a mild upward bias, today perhaps we can finally get the S&P 500 to make a marginal new high to that of last week.

The Day Ahead 2017-05-30

Today is the first day of the holiday shortened week and thus think the equity indices are prone to trade in a range though S&P futures are down about 7 points off the high.

iShares MSCI Italy ETF 2017-05-29

The formation for the last eight years has been that of a sideways converging pattern, a potential triangle. We initially started following this last year talking about the possibility of [d] of the triangle being set and to prepare for a bounce up into first quarter of this year. A relatively more recent update talked […]

Crude Oil 2017-05-29

Crude has been stuck in a range for just over a year. I’m skeptical that the crude low has been set but in the bigger picture we should be in the endgame now. Any new low into the end of this year is good enough. Could this be a broad basing pattern? Perhaps, will consider […]

Copper futures 2017-05-29

The copper bounce up from early 2016 has stalled out at the top of a channel and leaking lower for the past few months. I am working under the assumption that February 2017 is the end of a correction and now in the early stages of a decline to what will eventually be a new […]