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Showing Posts 61 - 70 out of 106 found.

Futures Market Review and Forecast: Target Zone Awaits

Futures Market Review and Forecast: Target Zone Awaits

The Volume Profile Point of Control (VPPOC) at 2051 was tested intraday on Wednesday and held up well. The bounce near that level was sudden and impressive. It led to a final print above the key “ceiling” level of 2061. That’s good news for the bulls. The new upside target is 2088. Between there and here is a low-volume “speed zone.” Price action in this zone may be unusually swift. A Note...

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Turning Technological Corners and Finding Cool, Scary?

Turning Technological Corners and Finding Cool, Scary?

Yes, I did say it, but I kinda pulled back from it, meaning, I did not want to come off as saying I really was in a rut, even though sometimes the market boxes me in with the news, so it feels as if I am in a rut, and maybe that is enough to actually put me in a rut, but, hey, what is a “rut” after all – a state of mind? That opening sentence would be enough to take anyone out of a rut, if...

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A Conservative Play On Wheat

A Conservative Play On Wheat

Thursday’s weekly export sales report showed 397-thousand metric tons of wheat was sold last week, down 27% from the week prior.  Key world buyer Egypt purchased 300-thousand metric tons from France and Romania this week.  The United States still remains a third or fourth port of origin for wheat for human consumption.  Asian countries were the main buyers in purchasing wheat at a discount...

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ESH5: Cat And Mouse Game

ESH5: Cat And Mouse Game

Yesterday The S&P500 mini-futures (ESH5) continued their cat-and-mouse game yesterday (Tues. Feb. 10). The market has been coyly flirting with an extended rectangle pattern that marks a broad consolidation area going back to the beginning of the year. Friday it broke out to the upside … sort of. Monday it pulled back inside the consolidation area. Tuesday it closed at 2062.25, close to...

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Futures Market Review and Forecast: New Target Zone

Futures Market Review and Forecast: New Target Zone

The forecast foray to the upside occurred in a timely manner yesterday, with the market closing at the key “ceiling” level of 2061 after a brief overshoot. Surprise rallies happen when a significant “wall of worry” is in place, as it is now. This is a new profile from Mid-December, showing a volume profile point of control (VPPOC) at 2051, which should act as a new floor for any retracement....

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Job Openings Just About Says It All

Job Openings Just About Says It All

Do you ever feel as if you are in a rut, and you just cannot get out? Of course you do; everyone does, now and then.  I do now, and it is not the first time I have felt this as I write. When I feel this way, I always wonder why. After all, I can write about anything in the market, so why do I sit here and feel what I am writing about is me in a rut? Actually, the answer is not about me at...

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Sell The LO Feb Put Spread

Sell The LO Feb Put Spread

Lorillard Inc. (NYSE: LO, $66.31) is a Greensboro, NC-based tobacco company marketing cigarettes under brand names including Newport.  So far in 2015, shares haven’t had any adverse health effects on investors - the stock is up nearly 5.5% year to date.  The long term impact has been positive as well – shares were up over 26% on the year in 2014, after posting solid gains the year prior.  In...

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The Market In Cha-Cha-Cha Mode

The Market In Cha-Cha-Cha Mode

Where Is The Market Heading? Higher oil prices and good economic data helped US equities rally last week.  On Friday, market indices started to sell into the close and this momentum continued into the Monday morning trading session. So what's ahead for the market, and should we be tightening our stops in our long positions? A Close Look At The QQQ's. Since mid-December, when the QQQ's...

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SPX Downside Cycle Starting

SPX Downside Cycle Starting

The Sentiment Timing Index has been doing a very good job letting in us know when to expect the larger moves both to the upside and downside.  The important thing about trading the Sentiment Timing turn dates, though, is not to be anchored to the date but to use it as a time period for a potential turn. Since January 15th, when we were set up for a confusing grind higher, the volatility has...

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SPX: Back In The Box

SPX: Back In The Box

Yesterday Monday (Feb. 9,) we described how the S&P500 large-cap index (SPX) had formed a rectangle pattern, and we warned that false breakouts from these rectangles were common. A couple of hours later, the SPX pulled back inside the box, like a groundhog frightened by its shadow. Six more weeks of winter! The futures (ESH5) dropped from Friday's exuberant run up over the week, rallied...

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