Stock futures are more than likely going higher for the opening today as investors placed bets that new data on economic output and housing sales will show the economy is continuing to recover. Overseas markets strengthened. A report that the British economy did not contract as much as previously thought in the third quarter sparked a ...…
Most solar stocks look like they are ready to fall here soon. Given the massive move higher of late and overhead resistance: most solar stocks are looking bearish right now. Take note of JASO which has hit major resistance following a big jump higher that stalled in the last two days on light trading volume.…
EUR/USD chart outlook today shows that it is in a broad consolidation, after bottoming at 1.2331. Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA which doesn’t help that much for direction. With the break below 1.4304 the downtrend has been renewed and the overall bias remains negative for 1.4170 ...…
The US Dollar rally has made a huge move higher since the end of November – gaining of about 5%. What is interesting is that it has broken a major trendline which is history repeats itself could be the beginning of something big. As shown below, the recent action in the Dollar looks a lot like ...…
/ES and /NQ futures trading towards higher opening Monday, following gains in major markets overseas in what is expected to be a quiet week of trading. Trading is likely to be light during the Christmas holiday-shortened week as the Markets will be closed Friday for Christmas. Investors traditionally avoid placing big bets during the last two ...…
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Well, the D.C. snow storm has officially come this morning. We have more than 12″ inches right now and they are expecting more later tonight and tomorrow. Retailers are counting on time-crunched shoppers to swarm stores on “Super Saturday,” but the heavy winter storm is going to strand people at home on the final weekend ...…
The Bull/Bear investors sentiment ratio right now is at the exact same level where the market topped in 2007. Interestingly enough everyone is crazy about buying stocks right now – so to us this is as clear of a sell signal as you are going to get in this market.…
The EUR/USD trading range chart outlook remains firmly to the downside having decisively violated its two key supports Thought it may get a mirror bounce out of sheer desperation, we expect this to fail and turn the pair lower again towards the 1.4176 level. CLICK IMAGE TO ENLARGE.…
/ES mini futures are trading higher this morning after good earnings reports from RIMM, Oracle and Nike which reinforced confidence in the ability of companies to grow profits next year. Research In Motion jumped 11% as the maker of the BlackBerry reported a 59% jump in third-quarter profit, topping estimates on both earnings and shipments.…
Sugar prices and commodity markets headed for a strong finish to the last full trading week of 2009. To top the list: Sugar prices at record levels, crude oil trading above $73 a barrel and gold holding around the $1,100 an ounce level. White sugar prices traded at record levels on supply concerns with Liffe March ...…
Is the recent dollar rally going to collapse? After climbing to a three-month high after the FED delivered a fairly “good” report on its assessment for the US economy. Still, pledging to keep rates lower for an extended period would suggest a weaker dollar – for now at least. But given the recent strength and overextension, we feel a significant ...…
YTD the financial sector performance has been amazing – in case you haven’t been around for the past 10 months. However, with interest rates clearly on the rise in the futures the big question is “What will drive growth from here?” Who know’s but it’s something worth keeping our eye on right folks. Click image ...…
Here is the latest option open interest for the SPX – based on the S&P 500. As you can see the PUT open interest clearly out-weigh the CALL open interest. Again as we always advise, the market will likely close in the area that will cause most of the option to expire worthless. Per the ...…
