After an outside reversal trading day last Friday that found the Nasdaq going from up 1% to negative .23% and the Dow and S&P 500 basically flat for the day, index futures are in the red and following the lead of Asian markets. Friday’s late day reversal came on the announcement from the Robert Mueller…...
Last week we took a look at the price action of the S&P 500 after a very volatile week. We suggested that given particular technical indicators, price would at least come to test the 2600-2500 lows that were put in last Monday, and that is what we had during Friday’s trading session. Prices came to…...
Last week was a measured action against extremes. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme. The S&P 500 closed on Friday at 2619.55, rallying 1.5%…...
SPX 500, CFD (Daily Candles) As we enter the corrective phase of the market moves, we seek the guidance of technical analysis to provide us with some insight on possible market moves for the upcoming sessions. Above you will find a Daily Candle chart of the S&P 500 Contracts for Difference, which tracks the SPX.…...
The Grand Market Sell-Off: Is that what we’ll be calling the pullback in the indexes in the coming weeks? Most obviously it remains to be seen, but one thing is for sure…this pullback was well overdue. The Dow Jones Industrial Average fell nearly 700 points on Friday to cap an ugly week and after a…...
Starbucks is set to report its Q1 2018 results after the closing bell on January 25, 2018 and to much consternation that finds shareholders hoping for a positive outcome. The share price has lagged its peer group valuation as growth for the coffee and restaurant giant has recently underwhelmed investors. After missing consensus estimates for…...
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…...
What a week it was for the major averages. The meteoric rise would almost have to find perma-bears and “top callers” in dismay had they not left long positions in play until the markets showed actual signs of resistance and subsequent declines. The Dow Jones Industrial Average climbed 4.4% and the S&P 500 has rallied…...
Models are useful. They help us understand the world around us and aid us in predicting what will happen next. But it’s important to remember that models don’t necessarily reflect the underlying reality of the thing we’re modeling. The Ptolemaic model of the solar system assumed the Earth was the center of everything, but in spite of…...
Today, as part of the Golden Capital Portfolio holdings update, I will be adjusting capital exposure minimally with iPath S&P 500 VIX Short-Term Futures ETN (VXX) and/or ProShares VIX Short-Term Futures ETF (VIXY). Given the scarcity of shares to borrow in UVXY presently and likely until shares undergo a reverse split later this month or thereafter, VXX…...
