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 higher; The odds are for a sideways to an up day; watch for break below 3392.50 and break below 3372.25 for clarity Key economic data due: Building Permits (1.55M vs. 1.45M est.; prev. 1.42M) at 8:30 AM Core PPI (0.5% vs. 0.2% est.; prev. 0.1%) at 8:30…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for break below 3355.25 for change of fortune Key economic data due: Fed Chair Powell’s Humphrey-Hawkins Testimony JOLTS Job Openings ( est. 6.93M; prev 6.80 M) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Factory Orders ( 0.7% est.; prev. -0.7% ) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Side 30-Min: Up 15-Min: Up 6-Min: Up-Side Key Levels: Critical…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Final Manufacturing PMI (51.9 vs. 51.7 est.; prev. 51.7) at 9:45 AM ISM Manufacturing PMI ( 50.9 vs. 48.5 est.; prev. 472. ) at 10:00 AM Construction Spending ( -0.2% vs. 0.35%…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Futures are up nearly 20 points and there is great chance that the next move could be sideways from pre-open low levels Key economic data due: Durable Goods ( 2.4% vs. 1.2% est. ; prev. -2.1%…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility Futures are sharply down at the open and there is great chance of a bounce from pre-open low levels Key economic data due: New Home Sales ( est. 730K; prev. 719K) at 10:00 AM Directional Bias…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3319.25 for change of fortune Key economic data due: Existing Home Sales ( est. 5.43M; prev. 5.35M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up 30-Min: Side-Up 15-Min: Up-Side…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day – watch for break above 3323.25 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Up-Side 15-Min: Down-Side 6-Min: Side Key Levels: Critical support levels for S&P 500…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3317.50 for change of fortune Key economic data due: Building Permits ( 1.42M vs. 1.47M est.; prev. 1.47M) at 8:30 AM Housing Starts (1.61M vas. 1.38M est.; prev. 1.38M) at 8:30 AM Capacity Utilization…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3294.50 for change of fortune Key economic data due: Retail Sales ( 0.3% vs. 0.3% est.; prev. 0.3%) at 8:30 AM Core Retail Sales (0.7% vs. 0.5% est.; prev. 0.1%) at 8:30 AM Philly…