Indices Analysis

The NASDAQ Composite closed with a hanging man candle, which may be signalling a reversal to come. Tomorrow’s price action will be important to see if a down/bearish candle will be posted to confirm the reversal. Since we are not at the 127% extension as of yet, the rally could …

Yes, we certainly live in interesting times. This, the last segment of our multi-part article on the current Q2 and Q3 2020 U.S. and global economic expectations, as well as current data points, referencing very real ongoing concerns, we urge you to continue using common sense to help protect your …

DAX 30 September futures NOT starting a new bull phase as suggested, as we reverse recent gains. Initially, we bottomed exactly at the 12490/470 target for a bounce to the first resistance at 12610/640. Shorts here worked on the slide back to 12490/470 for a potential 130 ticks profit. Today’s …

A couple of years ago I wrote a blog post titled, ‘What Were You Thinking?’ in reference to a famous Scott McNeely quote from the aftermath of the Dotcom bust: At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 …

The end of Wednesday’s session brought a sweet bullish reversal for global indices, which confirmed the defense of crucial mid-term supports. That should have given us significant optimism on Thursday morning but today buyers seem rather skeptical and they aren’t following that bullish sign from yesterday, at least not yet. …

Emini Dow Jones September Futures longs at first support at 25720/690 worked perfectly several times as a scalping level on the bounces to first resistance at 25890/920. We have reached as far as 26029 as I write over night. Nasdaq September Futures held just above best support at 10470/440 & …

FTSE 100 September Futures remains very much in a sideways trend. Longs at the 2 week trend line support at 6100/6090 worked perfectly on the bounce to first resistance at 6165/75 & we topped exactly here. Shorts here were offered another 60 ticks profit. Today’s Analysis FTSE 100 Futures holding …

US Weekly Jobless Claims The Dow futures, along with the S&P 500 Futures, are paying attention to the upcoming US weekly initial and continuing jobless claims data. The expectations are that they have fallen to 1.38 million from 1.43 million. Continuing claims are likely to gain more attention and the …

The malls were high risk before COVID-19, given the number of bankruptcies of chain stores such as Pier 1 and Toys “R” Us. Online shopping generated malls to become like ghost towns. Now with COVID-19, one would expect the high risk to go to full-on death and destruction. Just this …

Emini S&P September Futures in a choppy consolidation phase as we enter a sideways trend. Support at 3138/35 worked perfectly as a scalping level with only 1 spike lower to the next target of 3126/23 during the day. Nasdaq September Futures held just above best support at 10470/440 & initially …