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The Day Ahead 2016-11-09

What a roller coaster last night. A big drop in futures only to have much of it recovered this morning. The roadmap for last night was that of the Brexit vote, panic followed by a sharp rally.

The Day Ahead 2016-11-08

The US equity indices should consolidate the gain from yesterday. Any equity volatility will likely be in the futures this evening as election results roll in and tomorrow.

Crude Oil futures 2016-11-07

Should eventually get a new low in crude.

US 30 year bond futures 2016-11-07

Bonds have dropped down to the initial support zone on the monthly chart. Expecting a bounce in this area before moving lower to test the lower channel.

The Day Ahead 2016-11-07

The futures gapped up on the Sunday open and have been in a relatively tight range in the European session. Thinking the market doesn’t really move much today or tomorrow.

Italy ETF bouncing as expected

The countertrend bounce that we suggested several months ago appears to be working for EWI, the iShares MSCI Italy ETF.

Apple (AAPL) should head lower

Although Apple’s stock price has risen higher than we expected during the time since those charts were posted, our main price target area for the next stage of the decline is still in the range of $64 to $72.

The Day Ahead 2016-11-04

The market dropped to the channel on the close on Thursday, now we find out if it will hold with the NFP this morning.

Natural gas via (UNG) 2016-11-03

While thinking natural gas is ripening for a value play in the very big picture, I have been skeptical of the rise from the low earlier this year as it has not had the characteristics of an impulse. These fears have turned out to be warranted with the last week or so of steep decline.

The Day Ahead 2016-11-03

The Cubs won the world series which created a dimensional break making anything possible now. Joking aside, congratulations Cubs fans. Equity futures are up from very early lows which is positive but with the NFP tomorrow any advance is likely to be contained. Gold down from important resistance hit yesterday and will see if a […]