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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 28, 2015 Forecast

July 28, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 28, 2015 Forecast

September E-mini Russell 2000 Index futures are trading steady-to-better shortly before the cash market opening. The market is rebounding slightly after a successful test of the May 12 bottom at 1209.70 on Monday. The pre-market opening over a steep downtrending angle moving down 8 points per day from the 1274.20 may also be a sign that downside momentum is weakening. This angle comes in at 1210.20. Daily September E-mini Russell 2000 Index Crossing to the weak side of this angle at 1210.20 will indicate the presence of sellers. Crossing to the bearish side of the bottom at 1209.70 will indicate the selling is getting stronger. This could trigger a further break into the May 5 bottom at 1201.00 and...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 28, 2015 Forecast

July 28, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 28, 2015 Forecast

September E-mini Dow Jones Industrial Average futures are trading higher shortly before the cash market opening. The market opened higher and remained firm through-out the pre-market session. Today is the eighth day down from the 18075 top so a short-covering rally at this time is not a surprise. Daily September E-mini Dow Jones Industrial Average Yesterday, the main trend turned down on the daily swing chart when the market traded through the 17354 main bottom. Recovering this bottom during...

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GBP/USD Firms on Strong Second Quarter Economic Growth

July 28, 2015
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GBP/USD Firms on Strong Second Quarter Economic Growth

The GBP/USD traded higher on Tuesday, bolstered by strong second quarter economic growth. According to the Office for National Statistics, the U.K.’s economy grew by an estimated 0.7% in the April to June period. Traders were looking for a reading of 0.7%, but this report was better-than-the-previous 0.4% reading. The U.K. economy has now seen 10 quarters of sustained economic growth. The catalyst behind the strength in the GDP was a big jump in oil and gas production. North...

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Technical Analysis Natural Gas for 7/27/15

July 26, 2015
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Technical Analysis Natural Gas for 7/27/15

Natural gas prices tumbled on Friday following a report from the National Oceanic Atmospheric Administration that showed that the weather through the mid-west and the east coast of the U.S. would be below normal during the next two week period, reducing the demand for cooling from natural gas generated...

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AUD/USD Forex Technical Analysis – July 27, 2015 Forecast

July 26, 2015
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AUD/USD Forex Technical Analysis – July 27, 2015 Forecast

After two weeks of consolidation, the AUD/USD broke hard, resuming the downtrend, and finishing the week sharply lower. A perfect storm of fundamentals have lined up to put a bearish influence on the market. These include a possible interest rate hike by the Fed in September, the threat of...

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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 27, 2015 Forecast

July 26, 2015
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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 27, 2015 Forecast

After reaching a new contract high on July 20, September E-mini NASDAQ-100 Index futures finished the week lower.  The sell-off produced a potentially bearish closing price reversal top on the weekly chart. Right now, the index is making a normal correction in a bull market. Whether the correction ends...

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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 24, 2015 Forecast

July 24, 2015
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E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 24, 2015 Forecast

September E-mini NASDAQ-100 Index futures are called higher shortly before the cash market opening. The index is currently testing the short-term retracement zone that stopped the rally on Thursday. Trader reaction to this zone will likely determine the direction of the market today and perhaps over the near-term. Daily...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 24, 2015 Forecast

July 24, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 24, 2015 Forecast

September E-mini Dow Jones Industrial Average futures are trading slightly better shortly before the cash market opening. The market is sitting inside a retracement zone. Trader reaction to this zone will determine the direction of the market today. The main trend is down on the daily swing chart. The...

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Despite Gold, Crude Oil Weakness, U.S. Dollar Finishes Week Lower

July 24, 2015
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Despite Gold, Crude Oil Weakness, U.S. Dollar Finishes Week Lower

This strange week is about to come to an end with the U.S. Dollar finishing lower at a time when gold is trading at a five-year low and crude oil is sitting at its lowest level of the year. Gold futures broke sharply early in the session after another...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 22, 2015 Forecast

July 22, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 22, 2015 Forecast

September E-mini Russell 2000 Index futures are expected to open lower. The index followed through to the downside during the pre-market session, completing a 50% retracement of the last rally. There was a slight rebound following a test of this level. Trader reaction to this price should determine the...

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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 22, 2015 Forecast

July 22, 2015
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E-mini Dow Jones Industrial Average (YM) Futures Analysis – July 22, 2015 Forecast

September E-mini Dow Jones Industrial Average futures are trading lower shortly before the cash market opening. The overnight weakness has made 18075 a new main top. The new main range is 17354 to 18075. Its retracement zone at 17714 to 17629 is the primary downside target. Since the main...

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BOE Minutes Say Members Discussed Rate Hike Underpinning GBP/USD

July 22, 2015
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BOE Minutes Say Members Discussed Rate Hike Underpinning GBP/USD

The GBP/USD strengthened on Tuesday after minutes from a meeting of Bank of England policymakers showed support for an interest-rate hike. The minutes from the BoE’s monetary policy committee meeting in July suggested that more officials are in favor of a hike in the short term. Previous minutes showed...

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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 20, 2015 Forecast

July 20, 2015
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E-mini Russell 2000 Index (TF) Futures Technical Analysis – July 20, 2015 Forecast

September E-mini Russell 2000 Index futures sold off on Friday. The selling started when the index gapped the steep uptrending angle that had been guiding the market higher since the 1218.10 bottom on July 8, 2015. Earlier in the week, sellers produced a potentially bearish closing price reversal top...

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Major Fund Selling Fuels Huge Gold Plunge

July 20, 2015
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Major Fund Selling Fuels Huge Gold Plunge

August Comex Gold future plunged on Monday. The market fell below the $1100.00 level and quickly retreated to $1080.00, its lowest level since February 2010. A few catalysts behind the selling are the improving U.S. economy, the threat of higher U.S. interest rates, the stronger U.S. Dollar, and the...

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The Impact of High Frequency Trading on Retail Investors

July 20, 2015
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The capital markets is one of the purest forms of true commerce.  Nearly every participant, with the exception of central banks, is involve with one specific intention and that is to make money.  Whether you are a trader looking to earning your daily keep or a corporate hedger looking...

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Technical Analysis Crude Oil for 7/20/15

July 18, 2015
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Technical Analysis Crude Oil for 7/20/15

Crude oil prices rallied to $51.23 highs where it was met by reported hedge fund selling, which smashed the contract back to new three-month lows of $50.14. The April 10 low of $50.06 is within striking distance now, with a break expected to result in a test of April...

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Technical Analysis EUR/USD for 7/20/15

July 18, 2015
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Technical Analysis EUR/USD for 7/20/15

The Euro moved lower against the greenback on Friday, on broader dollar strength following a stronger than expected housing starts report released earlier in the session. U.S. housing starts rebounded 9.8% to a 1,174k pace in June after dropping 10.2% to 1,069k in May. Permits increased 7.4% to 1,343k...

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Technical Analysis Natural Gas for 7/20/15

July 18, 2015
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Technical Analysis Natural Gas for 7/20/15

Despite a larger than expected build in natural gas inventories on Thursday prices were able to remain buoyed following the latest release of the 8-14 day weather forecast from the National Oceanic Atmospheric Administration.  The weather forecast shows that temperatures will remain well above normal in the east and...

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Technical Analysis EUR/USD for 7/16/15

July 16, 2015
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Technical Analysis EUR/USD for 7/16/15

The EUR/USD moved lower Fed’s Beige Book showed economic activity expanded at a modest to moderate pace in most Districts. The report, prepared by the Atlanta Fed also revealed improvements in spending were varied, with lower energy pricing boosting consumption while some border Districts noting weakness tied to the...

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Technical Analysis Crude Oil for 7/16/15

July 16, 2015
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Technical Analysis Crude Oil for 7/16/15

Crude oil prices moved higher initially on Wednesday following robust inventory reports from the Department of Energy, but it was unable to hold on to gains, and fell sharply into the close.  U.S. industrial production beat estimates with a 0.3% June rise, after a net upward revision in the...

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