by Admin | Jul 27, 2017 | Day ahead
The reaction in the equity indices was pretty tame yesterday. There was more volatility in the Euro where it spiked up but has given back about half the spike as I type. I just can't be excited about higher though must leave the option of a brief new high open. Crude...
by Admin | Jul 26, 2017 | Day ahead
The main event today is the FOMC statement at 14:00. I prefer a move lower but that will be predicated on the market reading the FOMC statement tea leaves as hawkish. A bullish reading will take the S&P 500 up to 2490 to 2497. Crude is near its first roadblock on...
by Admin | Jul 25, 2017 | Day ahead
One day left till the FOMC meeting. Yesterday started out soft, today the opposite. Think the theme will be to push for a new high. Once achieved, they probably hold above 2475 SPX the rest of the day. Nice two day move up from support in crude. It should push up to...
by Admin | Jul 24, 2017 | Day ahead
Initial idea for this week was to have an move lower early in the week followed by a bounce up into Wednesday. I prefer that low be closer to 2462 or even 2453 SPX but it may have been put in early this morning in the futures. If the low is for the day, SPX […]...
by Admin | Jul 22, 2017 | Currencies, Premium
GPB has fallen from what I am calling a 'B' wave high in 2014 to a low early this year and been bouncing in a overlapping move to the present. Since the assumption that this drop is a 'C' wave, it should have five impulsive components and to my eye can use one more...
