201604.05
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8

BND Forecast 4/5/16

The Vanguard Total Bond Market ETF (NYSE:BND) is an instrument we used as a proxy for the Federal Reserve a few weeks back. We forecast that prices would move up, indicating that the sentiment from the trading community was that the Fed would either stand pat or lower rates. This highlights an usual correlation between…

201604.05
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6

JOY Forecast 4/5/16

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 we have been stalking for a buy signal. With the odds as they are now, we would expect price to drop down near the $14 per share…

201604.05
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8

SPY Forecast 4/5/16

The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. We are in an area where a sustainable top can form, but the action is extremely slow and the top will likely be as well. We will on the sidelines for this index until that bullish energy can dissipate and the…