Category: Commentary
What to Expect at a Critical Market Point: End of a Wave 2 Rally
What to Expect at a Critical Market Point: End of a Wave 2 Rally “Most investors are convinced that the bull market never went away.” By Elliott Wave International The […]
If the JPY was popcorn, it may be time to grab the butter.
Over the last five or so trading days, the JPY has seen strength across all currencies pairs. Even more telling is in the USDJPY as the US Dollar has been bullying […]
Trump Calls Off North Korean Summit
Index Futures Net Changes and Settlements: Contract Settlement Net Change +/-% S&P 500 (ESM18:CME) 2727.50 -3.25 -0.11% DowJones (YMM18:CBT) 24,803 -56 -0.22% Nasdaq 100 (NQM18:CME) 6957.25 +0.25 +0.003% Russell 2000 […]
Pound Weakness Extends Versus the Yen
A tidal wave of selling has pummeled the GBP/JPY pair through this week, as short term optimism smiled on the Yen while mounting concerns weighed on Sterling. Pound /Yen has […]
Keystone Charts – #XLE
XLE: XLE vs XLK breaks the 200dma which has been pivotal. XLE/SPY back below the pivot line. Using the .382 retrace as initial key support in XLE and XOP. David […]
Memorial Day meltdown
By Phil Flynn May 25, 2018 • Reprints Crude oil prices are under pressures as the Organization of the Petroleum Exporting Countries (OPEC) and NON-OPEC start laying the groundwork for a production increase […]
Only 2 Things Can Help Gold Bulls before November
Gold has had a pretty good couple of days. It is up 4 of the last 5 sessions and has made back more than 50% of the big down move […]
Day Trade Ideas – Oil, Gold & Silver
WTI Crude Oil: Gold & Silver: As always, please use protective buy and sell stops when trading futures and options. Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency […]
Free Webinar: Sell in May Critical in this Midterm Election Year
Please register for Sell in May Critical in this Midterm Election Year on May 30, 2018 1:00 PM EDT at: https://attendee.gotowebinar.com/register/6258252350961569281 Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac and Almanac Investor and Chief Market Strategist […]
US Indices in Congestion
The US indices have developed a congestion range on the daily charts, while the weekly charts are indicating that price is testing for potential resistance with the Stochastics indicating that […]