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 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…
Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for break above 3289.75 for change of fortune Key economic data due: PPI ( 0.1% vs. 0.2% est.; prev. 0.0%) at 8:30 AM Core CPI (0.1% vs. 0.2% est.; prev. -0.2%) at 8:30 AM…
Directional Bias For The Day: S&P Futures are little changed to lower; The odds are for a sideways to an up day – watch for break below 3275.75 for change of fortune Key economic data due: CPI ( 0.2% vs. 0.2% est.; prev. 0.3%) at 8:30 AM Core CPI (0.1% vs. 0.2% est.; prev. 0.2%)…
Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3271.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Side 15-Min: Side-Up 6-Min: Up Key Levels: Critical support levels…
Directional Bias For The Day: S&P Futures are higher; Non-Farm Payroll day The odds are for an up day – watch for reaction following payroll report; watch break below 3264.25 for change of fortune Key economic data due: Non-Farm Employment Change ( 162K est.; prev. 266K ) at 8:30 AM Average Hourly Earnings ( 0.3%…
Directional Bias For The Day: S&P Futures are higher; bounced up following the drop during the last half-hour of trading on Wednesday; up 18 point from that low; moving sideways since 2:30 AM The odds are for an up day – watch for break below 3257.75 for change of fortune Key economic data due: Unemployment…
Directional Bias For The Day: S&P Futures are higher following a nearly 50+ points drop during Asian session; The odds are for an up day with elevated volatility – watch for break below 3221.75 for change of fortune Key economic data due: ADP Non-Farm Employment Change (202K vs.160K est.; prev. 124K ) at 8:15 AM…
Directional Bias For The Day: S&P Futures are lower; price is arching own on 30-minute charts The odds are for a down day with elevated volatility – watch for break above 3247.25 for change of fortune Key economic data due: Trade Balance ( -43.1B vs. -44.5B est. ; prev. -46.9B ) at 8:30 AM ISM…
Directional Bias For The Day: S&P Futures are lower; gapped down at week’s open and broke below a low since then; bouncing off the lows near support levels The odds are for a down day with elevated volatility – watch for break above 3222.75 and 3230.00 for change of fortune Key economic data due: Final…