Category Archives: Commodities

30 Oct: Forecast: Stocks/ Commodities

  S&P: 2577 Preferred Strategy: The S+P made another new all-time high in the wake of the strong run higher by the Nasdaq on Friday, and from the look of the charts a test of 2600 seems imminent. As before, I prefer not to be involved at these lofty levels although at this stage there is little sign… Read More »

23 Oct: Forecast: Stocks/ Commodities

  S&P: 2573 Preferred Strategy: The S+P had another record day on Friday, reaching 2574 and looking as though it will head higher if further progress can be made on the tax plan. As before, I prefer not to be involved. For those who do want to trade it, then looking to buy dips seems to be the… Read More »

19 Oct: Forecast: Stocks/ Commodities

  S&P: 2560 Preferred Strategy: The S+P had a tight session but closed once more at an all-time high and further gains look likely although I prefer not to be involved. Good corporate results are currently underpinning the index, as is the prospect of Trump’s tax-plan being passed in the US Senate. If this fails to proceed, we… Read More »

18 Oct: Forecast: Stocks/ Commodities

  S&P: 2557 Preferred Strategy: The S+P had a tight session close to the all-time high. Further gains look likely although I prefer not to be involved. For those who do, looking to buy dips seems to be the plan although note that the daily charts do suggest that we are getting close to a topping scenario. 24… Read More »

9 Oct: Forecast: Stock Indices, Commodities + Trade Ideas

  S&P: 2545 Preferred Strategy: Stocks remained unperturbed by the poor NFP reading and had a tight, rangebound session on Friday. The slow grind higher seems set to continue but I prefer to stand aside. Neutral. 24 Hour: Neutral Medium Term: Neutral Resistance Support 2570 Minor 2541 Friday low 2565 Minor 2534 5 Oct low 2560 Minor 2530… Read More »

4 Oct: Forecast: Stock Indices, Commodities

  S&P: 2533 Preferred Strategy: Another day, another all-time high. The slow grind higher seems to be accelerating and appears set to continue but I prefer to stand aside. Neutral. 24 Hour: Mildly Bullish Medium Term: Neutral Resistance Support 2555 Minor 2525 Minor 2550 Minor 2520 Minor 2540 Minor 2515 27 Sept low 2535 Minor 2511 (23.6% of… Read More »

27 Sept: Forecast: Stock Indices, Commodities

  S&P: 2495 Preferred Strategy: Neutral 24 Hour: Neutral Medium Term: Neutral Resistance Support 2520 Minor 2492 (23.6% of 2445/2505) /Session low 2515 Minor 2484 25 Sept low 2510 Minor 2482 (38.2% of 2445/2505) 2507 20 Sept high – all-time high 2475 Minor 2500 Session high 2470 Minor … DJI: 22243 Preferred Strategy: Neutral 24 Hour: Neutral Medium… Read More »

26 Sept: Forecast: Stock Indices, Commodities

  S&P: 2498 Preferred Strategy: Neutral 24 Hour: Neutral Medium Term: Neutral Resistance Support 2525 Minor 2492 (23.6% of 2445/2505) 2520 Minor 2484 Session low 2515 Minor 2482 (38.2% of 2445/2505) 2510 Minor 2475 Minor 2507 20 Sept high – all-time high 2470 Minor … DJI: 22278 Preferred Strategy: Neutral 24 Hour: Neutral Medium Term: Neutral Resistance Support… Read More »

25 Sept: Forecast: Stock Indices, Commodities

  S&P: 2500 Preferred Strategy: Neutral. The charts do look a bit toppish but we have been here many times before and buying dips is probably the medium term plan. In the short term I prefer to sell rallies with a tight SL placed above 2510. 24 Hour: Neutral Medium Term: Neutral Resistance Support 2525 Minor 2492 Friday… Read More »