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The Day Ahead 2016-12-29

The persistent drop yesterday to the far side of the range set since the FOMC meeting was a bit unusual and might be the harbinger of things to come, but am reluctant to throw in the towel on a new high just yet.

The Day Ahead 2016-12-28

Just a few more days in the year to hit Dow 20k. Considering how close it is, have to assume they can make it happen.

The Day Ahead 2016-12-27

The week between Christmas and New Year has thin volume as many are on holiday till this time next week. Expecting the equity markets to has a mild bullish bias this week.

The Day Ahead 2016-12-23

They probably try to push the equity market up today but not convinced Santa will be putting Dow 20k hats in stockings as they can easily drag this corrective structure out into next week.

The Day Ahead 2016-12-22

S&P 500 futures have been lifting in the early morning and expect that to run into the day session today.

The Day Ahead 2016-12-21

The S&P 500 has taken the first step to break up from the triangle that formed over the last several days. This week is historically positive and will assume the market attempts to continue to grind yet higher.

The Day Ahead 2016-12-20

The equity indices are up early this morning suggesting that they are finally ready to push up out of the range.

The short trade worked well in the Yen. What’s next?

The trade played out very nicely, but the decline may now be coming to an end. It is time to start watching support areas…

Treasury bond meltdown is overdone

Treasury bonds have put in a steep decline in recent months, but we believe they should find support nearby.

The Day Ahead 2016-12-19

The market probably increasingly thins out this week as we approach Christmas. Have been working on the assumption that the equity indices are in a holding pattern last week and can see that drift into this week but looks like it should eventually break higher.