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BND Forecast 3/15/16

  The Vanguard Total Bond Market ETF(NYSE:BND) is an interesting proxy to look at as we go into another critical meeting of the Federal Reserve. The trading action in this proxy shows a mild bias towards rate cutting. I expect the Fed will leave rates where they are tomorrow, while sabre rattling that a cut…

201603.15
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JOY Forecast 3/15/16

  Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. The stock is now undergoing a counter cyclical re-tracement which our models have identified as a buy signal. We would expect price to drop down near the $15 per share level, then rally up to test…

201603.15
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OIL Forecast 3/15/16

  The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) has shifted its power from bearish to bullish at long last. We are waiting for this counter cyclical move to take price down into the green zone…

201603.15
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SPY Forecast 3/15/16

  The S&P 500 index proxy (SPY) has rallied to trade within the bearish ivory zone we defined last week. The bullish power has grown on the daily level and for this reason we continue to wait for a chance to take short exposure in this index.