SPY Forecast 11/17/2015
The S&P 500 index proxy (SPY) has topped out, but we warn that the top is likely not quite in yet. We are forecasting that there will be one more failing bullish push before a sustainable top can form which will turn price.
The S&P 500 index proxy (SPY) has topped out, but we warn that the top is likely not quite in yet. We are forecasting that there will be one more failing bullish push before a sustainable top can form which will turn price.
(EUR/USD) continues to push lower and we have a new ivory zone to work with as maintain our forecast for a retest of the lows near 1.05.
Gold (Shown here as the ETF proxy GLD) is fighting to reverse, but the bears still have some power that needs to dissipate before a sustainable bottom can form. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive…
Gold (Shown here as the ETF proxy GLD) is fighting to reverse, but the bears still have some power that needs to dissipate before a sustainable bottom can form. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive…
(EUR/USD) continues to push lower and we maintain our forecast for a retest of the lows near 1.05…Nothing clear from an odds perspective at this time so we will keep our powder dry until better measurements show themselves.
The S&P 500 index proxy (SPY) has topped out, but we warn that the top is likely not quite in yet. We are forecasting that there will be one more failing bullish push before a sustainable top can form which will turn price.
L Brands (NYSE:LB) is the parent company of many common brands such as Victoria’s Secret, Pink, and Bath & Body Works. Having had a nice run recently, this stock is showing signs of reversal. There is still a bit of bullish energy out there, so we are forecasting that one more failing rally will…
Gold (Shown here as the ETF proxy GLD) is cycling back down to retest the lows of its recent range. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive price.
The S&P 500 index proxy (SPY) continues to drift higher as it challenges the red zone. It is looking like the political risk we discussed in previous videos is coming into play, we will wait and see if this trade survives or breaks above the $212 level to trigger stop loss orders.
(EUR/USD) building power to the downside and we are forecasting that a retest of the lows near 1.05 is coming…Nothing clear from an odds perspective at this time so we will keep our powder dry until better measurements show themselves.