Category Archives: Commodities

9 Mar: Forecast: Stocks, Commodities

  S+P: 2362 Stocks have continued to correct the recent Trump rally, with the S+P a little lower but leaving the overall outlook unchanged. The dailies are looking increasingly toppish and may signal a deeper dip in the days ahead, although the 4 hour charts are looking a little more positive and it could be that we are… Read More »

3 Mar: Forecast: Stocks, Commodities

  S+P: 2383 US stocks are a little lower today (with the exception of Snapchat, +50%!) Technically, the dailies still point higher although the 4 hour charts now suggest some downside momentum may be building. A cautious stance is warranted and I would stand aside, but buying dips towards 2360/70 may be a plan within the longer term… Read More »

2 Mar: Forecast: Stocks, Commodities

  S+P: 2394 Stock Markets liked the tone of Donald Trump’s words yesterday and have soared to new all time highs, with the S+P climbing to 2400. Banks stocks led the way today, liking the increasing idea of a March rate hike; although at these levels you would have thought that much of the “good news” is now… Read More »

28 Feb: Forecast: Stocks, Commodities

  S+P: 2368 Another day, another all time high on hopes of a major announcement to come tomorrow, from Donald Trump. Technically, the dailies still point higher, so the ongoing drift to new all time highs could well continue this week as we head slowly towards 2400. On the downside, support will be seen at today’s session low… Read More »