Equities Outperforming Other Asset Classes U.S. Treasury Bonds ($USB) have risen since October 2018 (see Panel 1, Chart 1) after mostly declining from a high of 176.06 in June 2016 to a low of 136.40 in October 2018. It is approaching the high, 157.94, of Q3 2017. On relative basis, $USB is under-performing the equities,…
The large cap indices – S&P 500 and Dow Jones Industrial Average (DJIA) – are in confirmed uptrend along with the tech-heavy NASADAQ Composite. Their all three timeframes – monthly, weekly and daily – are showing varying degree of uptrend and bullish chart formations. The broader market index, Wilshire 5000 Total Market Index, is also…
Trading is a serious and a funny business. On the one hand it requires a tremendous amount of patience, subject knowledge, skills and experience. On the other hand it also requires a good amount of luck although many will say this for the luck part. Similarly there are legions of past, current and wannabe traders who…
Paraphrasing an old adage, the economic expansions do not die of old-age and the current expansion, even though it has become the longest in the U.S history, is in no danger of ending anytime soon. Another old adage is that the stock market is not the economy and the economy is not the stock market,…
Note: The charts and data are as of Friday April 5, 2019. To enlarge please click on charts. International Equities World equities are on an upswing. The S&P 500 stumbled a bit in the early part of 2018 and then again in Q4 too but since then it is rising consistently (see Chart 1) It…
Directional Bias For The Day: S&P Futures are lower; gradually rising since 1:00 AM The odds are for a sideways to up day from pre-NYSE session levels with high volatility – watch for break below 2487.00 for change of fortune Key economic data due: Non-Farm Employment Change ( -700K vs. -100K est.; prev. 2737K )…
Directional Bias For The Day: S&P Futures are higher to unchanged; were higher before Unemployment Claims report; down from 2502.00 at 4:00 AM to near 2460.00 at 9:00 AM The odds are for a sideways to down day from pre-NYSE session levels with high volatility – watch for break above 2502.00 for change of fortune…
Directional Bias For The Day: S&P Futures are lower The odds are for a down day with high volatility – watch for break above 2512.00 for change of fortune Key economic data due: ADP Non-Farm Employment Change ( -27K vs. -150K est.; prev. 179K ) at 8:30 AM Final Manufacturing PMI (est. 48.2; prev. 49.2)…
Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to an up day with high volatility – watch for break below 2495.00 for change of fortune Key economic data due: Pending Home Sales (est. -1.8%; prev. 5.2%) at 10:00 AM Directional Bias Before Open: Weekly: In Correction Daily: In…
Directional Bias For The Day: S&P Futures are lower; declining since 7:45 PM on Thursday – down 100 points The odds are for a sideways to down day with extreme volatility – watch for break above 2567.75 and break 2527.00 for clarity Key economic data due: Core PCE Price Index ( 0.2% vs. 0.2% est.;…
Directional Bias For The Day: S&P Futures are lower; declining since 2:00 PM on Wednesday – down 150 points The odds are for a sideways to down day with extreme volatility – watch for break above 2451.25 and break 2387.00 for clarity Key economic data due: Unemployment Claims ( 3283K vs. 1648K; prev. 281K) at…
Directional Bias For The Day: S&P Futures are lower and volatile; off the higher around 2500.00 reached in European session The odds are for a sideways day with extreme volatility – watch for break below 2387.50 and break above 2498.00 for clarity Key economic data due: Durable Goods Orders ( 1.2% vs. -1.0% est.; prev.…
Directional Bias For The Day: S&P Futures are higher and volatile; The odds are for an up day – a bounce from oversold levels; extreme volatility – watch for break below 2301.25 for change of fortune Key economic data due: Flash Manufacturing PMI (est. 45.1; prev. 50.7) at 9:45 AM Flash Services PMI ( est.…
Directional Bias For The Day: S&P Futures are erratic; The odds are for an up day – a bounce from oversold levels; extreme volatility- watch for break below 2204.50 No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Down 30-Min: Down-Side 15-Min: Side-Up 6-Min: Side Key Levels: Critical…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – a bounce from oversold levels; extreme volatility- watch for break below 2380.75 and break above 2499.00 No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Down 30-Min: Side-Up 15-Min: Side-Up 6-Min:…