Technical Take: S&P 500 Partial Breakout

What’s in today’s report: Technical take: S&P 500 partial breakout, ISM non-manufacturing index takeaways, Futures are down nearly 1%, economic data & more…

Chart of the Day: Gold Holds On, Barely

Gold futures continue to hold on to critical support in the low $1200’s for now, but if the dollar rally continues, it will likely end the short-lived bull market we pointed out back in April.  

Chart of the Day: S&P 500 Prints “Inside Day”

The S&P 500 printed an “inside bar” on the daily chart yesterday which is historically a signal of indirection. But the bulls have momentum on their side since the election, leaving the path of least resistance higher.  

Oil and Metals Jump React to Trump

Oil futures got caught up in “risk trading” during the election drama. Energy futures sold off hard with global stocks overnight Tuesday and then surged higher as money poured back into risk assets on Wednesday. That was about the extent of the effect that Trump had on the energy markets at least so far. Tyler […]

Chart of the Day: Gold Approaches Key Technical Support

As volatility subsided yesterday in the wake of the election and money flows were still largely “risk-on,” gold futures came under pressure and are now testing key support at $1250/oz.  

Chart of the Day: Surge in the 10 Year Yield

The 10 year yield surged back above 2% for the first time since late January yesterday.  Stocks were able to withstand the rise given hopes for more growth, but the pace of the rise must slow down.  

Stock Market Reaction & Strategy to Trump’s Win

Stocks saw their biggest drop since Brexit early this morning while currency and bond markets made historic moves overnight, and I have no doubt that clients are calling you asking: “What do we do?” I basically didn’t sleep last night making sure we could help our subscribers answer that question when clients called today.   […]