Category Archives: Commodities

11 Dec: Forecast: Stocks/ Commodities.

  S&P: 2651 The S&P is turned higher on Friday, and with the momentum indicators now generally aligned to the topside, another run towards the all-time high at 2664 may be on the cards. 1 hour/4 hour indicators: Up Daily Indicators: Turning higher Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term… Read More »

7 Dec: Forecast: Stocks/ Commodities.

  S&P: 2629 The S&P is pretty much unchanged again today after having recovered from a dip to 2620 1 hour/4 hour indicators: Neutral Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend currently remains intact although the short term momentum indicators and the… Read More »

6 Dec: Forecast: Stocks/ Commodities.

  S&P: 2628 The S&P has rejected an early squeeze up to 2648 and is closing on its lows at 2627 weighed down by Tech Stocks 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, the long term uptrend currently remains intact… Read More »

5 Dec: Forecast: Stocks/ Commodities.

  S&P: 2638 The S&P gapped higher on Monday’s open, making a new all-time high before reversing lower to finish at around 2640. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  The shorter term indicators are pointing lower and a move towards 2600 would not now surprise. Further out, despite the increasing… Read More »

4 Dec: Forecast: Stocks/ Commodities.

    S&P: 2643 The S&P had a wild ride on Friday (2604/50), but recovered from the spike low to finish not too far from the all-time highs. 1 hour/4 hour indicators: Turning lower? Daily Indicators: Up Weekly Indicators:  Up Preferred Strategy:  Despite the increasing risks of staying long, there seems to be no real reason to change… Read More »

6 Nov: Forecast: Stocks/ Commodities.

    S&P: 2581 Preferred Strategy: The S+P continues its slow but steady march higher in making another new all-time high 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 of a… Read More »

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 »