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S&P 500 Index (4.18.14)


Market direction

Over the past month the S&P 500 Index futures market has been going through a mild, but volatile correction since rallying to record highs earlier this year. 863 more words


Hurry Up and Wait ...

3:58pm eastern

The market has pushed up to the prior highs and spent today consolidating those gains … the market is at an emotional spot here with earnings reports coming out fast and furious.  177 more words

Market Outlook

Will That Be One Wave or Two?

5:16pm eastern

I wrote a blog post earlier today that detailed my thoughts on the bigger picture … here is how the intra-day charts finished the day. 559 more words

Market Outlook

Now What?

2:12pm eastern

I have been writing the past several days about how I was expecting the SLOT resistance level for the market to hold as price bounced off what I thought was my first level of support for a bigger daily wave structure lower (3-wave pattern).  1,064 more words

Market Outlook

Market outlook for 23/04/2014

Nifty closed down 2.30 points (0.03%) at 6815.35 while Future closed at 6829.60, premium of 14.25 points.
Bank Nifty closed up 28.60 points (0.22%) at 12987.10 while Future closed at 13001.85, premium of 14.75 points. 200 more words

Market Outlook

Can Earnings Flip this Market Back to Bullish?

5:52pm eastern

None of the price action from the market today really made me think that we were going to roll lower.  Before we make anything more than a small corrective wave, price is going to have to show a reluctance to go higher … today’s action did not give us any of that. 398 more words

Market Outlook

Market outlook for 22/04/2014

Nifty closed up 38.25 points (0.56%) at 6817.65 while Future closed at 6838.15, premium of 20.50 points.
Bank Nifty closed up 171.25 points (1.34%) at 12958.50 while Future closed at 12996.15, premium of 37.65 points. 200 more words

Market Outlook