Alternatively, consider this a situation where you continue to see a lot of noise in this market and realize that you need to be very careful with your position size. The NASDAQ 100 was...
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S&P 500 Forecast: Pulls Back Only to Find More Buyers
Buyers still seem to be coming into the picture and are starting to buy again. The SandP 500 initially retreated only slightly to find buyers below during Thursday’s trading. In doing so, we formed...
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2 Minutes
GBP/JPY Forecast: Gets Pummeled
The size of the daily candlestick certainly suggests that there is a lot of selling pressure and momentum is on the downside. Looks like the market is right again. There has been talk of...
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2 Minutes
S&P 500 Forecast: Continues to Wait for the Jobs Figure
If we don’t make a big intraday move on Friday, I suspect we should see the market move more when we come back next week. , The SandP 500 is slightly lower in trading...
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WTI Crude Oil Forecast: Market Attempts to Recover on Thursday
I don’t think we’ll necessarily break out significantly from this, but I think the rallies in general will continue. West Texas Intermediate crude oil market is slightly higher during Thursday’s trading as we look...
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NZD/USD Forecast: Breaks Above the 200-Day EMA
If we break below the 200-day EMA, I suspect many people will want the NZD higher, but a break below the 0.61 level could lead to something much more negative. , NZD/USD advanced during...
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2 Minutes
S&P 500 Forecast: Slams into a Big Figure Again
I think the market is more likely than not to continue, and between now and Wednesday it may be difficult to navigate. , The S&P 500 rose during the trading session on Friday, as...
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2 Minutes
S&P 500 Forecast: Gives Up Early Gain as Mood Turned Sour
Last session’s shooting star signaled that we might see trouble, and now it looks like it’s about to materialize. The SandP 500 E mini contract initially tried to rally during Thursday’s trading, but gave...
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2 Minutes
GBP/USD Forecast: Continues to be Noisy
The Fed is expected to raise interest rates by 75 basis points, but that’s the statement people are paying most attention to. Looking at GBP/USD we can see that we tried to move a...
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2 Minutes
S&P 500 Forecast: Gives Up Early Gains as Momentum Fails
Wall Street almost always has some excuse that earnings aren’t great and they don’t care about forward guidance. The SandP 500 E-mini contract initially tried to move higher during trading on Thursday as we...
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