On Demand

Markets Commentaries

Showing Posts 1 - 15 out of 17 found.

The Case For Smaller Rate Hikes More Often

The Case For Smaller Rate Hikes More Often

You would be foolish to believe the Fed is going to stand at zero interest rates forever.  The policy seems to have been the right move to avoid another Great Depression, though there are always the 'Monday am quarterbacks' who seem to know more than the Committee (let's be thankful we only have one group only to make decisions). The Fedspeak of late has been not about if but when rate hikes...

Continue Reading

Can Apple (AAPL) Lead This Market Higher?

Can Apple (AAPL) Lead This Market Higher?

Since its high in March, Apple has been moving in a sideways consolidation with highs at 133.50 – 134.54 and lows at 121.63 – 122.50.  Over the same period of time the Nasdaq 100 ($NDX) has been stronger, showing an upward sloping channel.  This relationship could easily change based on Apple’s resolution of its current consolidation range. The volume-at-price histogram in AAPL reveals the...

Continue Reading

Dow Transports Flash Death Cross Warning Signal

Dow Transports Flash Death Cross Warning Signal

Dow Theorists— we have a problem.  It appears to be the beginning of a larger move on the larger timeframe versus the ending move on a smaller timeframe in the iShares Dow Jones Transports ETF (IYT.)  A Little Background The trouble started back in March 2015 where we started to produce lower highs after making a triple top in the $165 area.  This was the first warning sign.  The last...

Continue Reading

Are Stock Traders Packing It In For The Summer?

Are Stock Traders Packing It In For The Summer?

In Tuesday's article we warned that a short-term retracement was likely. In Tuesday's trading, we got it. The S&P 500 mini futures (ES) not only broke below the 20-day moving average, it dropped even lower to the 40-day exponential moving average (ema), and was heading lower still until the customary 3:00 pm rally into the close left it with a modest bounce. The market looked naked,...

Continue Reading

The Target Has Been Set: Nasdaq Gap Test

The Target Has Been Set: Nasdaq Gap Test

I have been wondering when the big gap test would finally start… and Tuesday was the day. In yesterday’s review and forecast I indicated that key initial support was at 4485-4491. On Tuesday morning we quickly took that level out and then ended the day with a perky bounce that is likely to retest that level from below. So, at this time, what was recently key support is now important...

Continue Reading

This Is A Great Environment For Stock Picking

This Is A Great Environment For Stock Picking

It always strikes me with curiosity that when markets are at a crossroads we start reaching for expert opinions.  We hate uncertainty, which creates doubt and usually the wrong decision.  For so many of us being long the market has been the right decision, yet the game has to turn at some point, right?  And who wants to be left holding the bag when everyone else has cleaned house.  How do we...

Continue Reading

E-Mini Futures: Lack Of Volume Worrisome

E-Mini Futures: Lack Of Volume Worrisome

The S&P 500 mini-futures (ES) made a retracement move in overnight trading early Thursday morning, but stopped at the 2119 resistance area, and recovered during the day session to return to the previous day-time high at 2132. It fell back a little to close at 2128, about six points above the previous close, on very light volume. We are still worried about the lack of volume in this...

Continue Reading

Stock Review And Forecast: NQ Megaphone

Stock Review And Forecast: NQ Megaphone

Thanks to the release of market-friendly Fed Minutes, on Wednesday afternoon the Nasdaq futures once again made a run at our upside target, the High Volume Node at 4523. The third time was a charm and it was briefly surpassed: 4534 marked the high of the day. No doubt the zoom-up got some animal spirits pumping, but the bulls were soon left holding the proverbial bag. During the final hour...

Continue Reading

The Bears Escape

The Bears Escape

The S&P500 mini-futures, the ES, had a wild day Tuesday. The current contract (ESM5) dropped 18.50 points in pre-market trading before the open, nominally in response to a sell-off in German bonds. It settled down after the morning session and recovered 95% of the early loss by the close. It finished the day at 2095.00, down just 2.75 points from the previous close. This was pretty much...

Continue Reading

Banging Around for the Options

Banging Around for the Options

Yesterday: The S&P500 mini-futures (ES) bounced a little on Thursday, enough to recover some of the ground lost in Wednesday's sell-off, but not enough to calm the jittery Bulls. The futures closed at 2084.25, or 10 points above the previous day's close, on moderate volume. The ES dropped dramatically overnight but found support after the market opened, and marched steadily up into the...

Continue Reading

Withdrawal Pains

Withdrawal Pains

Yesterday On Wednesday the &P500 mini futures (ES) closed just below 2074.25, about 10 points below the previous day's close and a full 40 points below the high made on Monday. That was the good news. The bad news is that it made a low for the day at 2061.25 – a break below the lower boundary of  the ascending triangle pattern the market has been in for several weeks. The volume was the...

Continue Reading

Altera: Is A Buyout Still In The Works?

Altera: Is A Buyout Still In The Works?

Altera rallied to multi-year highs last month on speculation of Intel looking at a potential takeover offer for the smaller semiconductor company. Talks appeared to stall just a few weeks ago according to CNBC's David Faber, but the most interesting part of this is that Intel reportedly was willing to pay $50+ per share to acquire them. Unusual Options Activity On top of this, post initial...

Continue Reading

SPX - Triangle Breakout Target Is...?

SPX - Triangle Breakout Target Is...?

Last week I wrote about the SPX trading within a range-For Now! The pattern has been well publish (a triangle) and many are now looking for a possible top target for the pattern. It is pretty simple to figure out. You just take the points from top/bottom of the triangle and add them to where it broke out and that is your target. So the high for the triangle pattern came on 02/25/15 and the...

Continue Reading

Delayed Decline

Delayed Decline

The recent forecast for a high on April 15 looked good as the Dow stalled out the next day and then dropped almost 280 points on April 17. But according to the forecast for the next low the “tax-day top” was supposed to precede a decline into late last week. Instead, the market has rallied from the low on April 17.   Despite the single-date forecasts generated by my Hybrid-Lindsay approach...

Continue Reading

ESM5: This Market Is Nuts

ESM5: This Market Is Nuts

Yesterday Well, we said it would be choppy.  The S&P 500 mini futures (ESM5) closed at 2073.25 Monday (Apr. 6) after a wild buying spree that pushed the price up about 35 points in the morning session, before falling back a little for the close. It was the biggest open-to-close bump since last November. The trading since the market closed for Good Friday has been a classic example of...

Continue Reading
    1 | 2    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.