Latest Posts

The Day Ahead 2017-05-03

While we wait for the FOMC statement at 14:00, I still think we should be open to a little weakness to test supports 10-15 SPX points lower.

The Day Ahead 2017-05-02

The equity indices are still probably stuck in a range till the major economic news on Wednesday afternoon or Friday morning.

Watching for a short in the Yen

The modest rally in the Yen that we predicted in our February post has advanced nicely. Now price is approaching the area we have been watching for a downward turn.

The Day Ahead 2017-05-01

Many global markets are closed today thus thinking today is somewhat constrained. The futures are up modestly but think cash will open near the first resist at 2389 SPX. Can’t rule up a touch of the next resist at 2394 but think there is still a decent chance for 2374 SPX to be tested before […]

iShares MSCI Germany ETF (EWG) 2017-04-30

The MSCI German ETF (EWG) has what is thus far a corrective structure up from 2009 to 2014 and a possible ugly leading diagonal down to the 2016. From there, the move up looks like a three into a standard deep retrace value. This area is also roughly a test of the 2000 high.

The British Pound rallied as expected. What’s next?

Last week’s spike in the British Pound caught some traders off guard, but if you have been following our posts at See It Market you were prepared for it.

The Day Ahead 2017-04-28

Think the equity markets are mostly range bound today.

The Day Ahead 2017-04-27

It is not clear whether SPX is working on pushing up to a new high in (iii) or if in ‘b of (iv)’ but from a practical standpoint there is not that much difference. Both imply a turn lower before much longer.

Yen futures and ETF (FXY) 2017-04-27

The yen has been moving up the first part of this year as expected but should be nearing an inflection either in May or June.

The Day Ahead 2017-04-26

Expecting a corrective, time wasting move today in the equity indices. Better chance at a move, up or down, from the ECB press conference tomorrow morning before the open.