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Indexes dip ahead of FOMC: Market Pulse

U Posted by d Comments Off on Indexes dip ahead of FOMC: Market Pulse

S&P Futures are dipping for a second straight day in a row. Price is currently trading within support between 2836 and 2823. I am not sure that I expect to see much in terms of price action here until after tomorrow's Fed interest rate decision. Gold Futures are ultimately continuing to consolidate within last week's price range here ahead ... Read More ]

Gold is starting to shine again: Market Pulse

U Posted by d Comments Off on Gold is starting to shine again: Market Pulse

S&P Futures are now trading within a 4-day price range here. I am continuing to watch for dip buying opportunities. I see daytrade opportunities at the lows of the current range at 2824 and then swing-interest down between 2800 and 2765. Gold Future bulls are making a second run up at that 1365 level, I believe that conviction over that ... Read More ]

Back to consolidation: Market Pulse

U Posted by d Comments Off on Back to consolidation: Market Pulse

S&P Futures have entered another period of consolidation, price is trading within a three-day range into this morning's open just beneath all-time highs. Daytraders will be looking to trade the highs and lows of the current range until said range is broken. I am continuing to eye support for possible long interest down in the 2800 ... Read More ]

Are investor numb to negative news? Market Pulse

U Posted by d Comments Off on Are investor numb to negative news? Market Pulse

S&P Futures are attempting a continued press here in pre-market trading and have already re-established new all-time highs. Dip buying is continuing to work like a charm, so I am watching the lower time frames for any retractions into support for possible long interest. First teir support on the daily is down at 2800.... Traders and investors ... Read More ]

Government Stalemate Continues: Market Pulse

U Posted by d Comments Off on Government Stalemate Continues: Market Pulse

S&P Futures are consolidating slightly just beneath all-time highs as the government's stalemate presses on. This is now day 3 of the government shutdown and investors are lacking any sort of appetite to take action given the circumstances. I am monitoring initial support at 2792 and secondary support in the 2751 territory. Gold Futures ... Read More ]

Looming shutdown rattles market: Market Pulse

U Posted by d Comments Off on Looming shutdown rattles market: Market Pulse

S&P Futures continue to consolidate up against all-time highs with no real conviction over the last few days. Day traders will be watching the highs and lows of the current range as an indication of what to expect moving forward. If price begins to break lower, I am eyeing initial support down at 2769 for possible longs. Remember that dip ... Read More ]

No sign of bulls letting up: Market Pulse

U Posted by d Comments Off on No sign of bulls letting up: Market Pulse

S&P Futures are consolidating up against all-time highs this morning. Bulls are taking every opportunity to buy the failed dips, even on the mildest of pullbacks. That said, I am eyeing initial support here in the 2785 territory and secondary support down in the 2750's. Gold Futures topped out in Tuesday's trading session and have begun to ... Read More ]

S&P bulls gun for 3,000: Market Pulse

U Posted by d Comments Off on S&P bulls gun for 3,000: Market Pulse

S&P Futures have hit new all-time highs in overnight trading as bulls push for that 3,000 marker which is just less than 200 points off. Day and swing traders will be taking every opportunity to buy the dips on this advance as long as this broader trend movement holds steady. Gold Futures are beginning to dip after last week's advance. I am ... Read More ]

Indexes find continued strength: Market Pulse

U Posted by d Comments Off on Indexes find continued strength: Market Pulse

S&P Futures are back at it pushing new all-time highs into this morning's open with no signs of slowing. Daily support is getting further and further out of sight, so I am looking at lower time frame support that will be considered on a pullback. There is initial ssupport down in the 2744 territory and secondary support in the 2732 ... Read More ]

Indexes inch higher in overnight trading: Market Pulse

U Posted by d Comments Off on Indexes inch higher in overnight trading: Market Pulse

S&P Futures posted a slightly new all-time high in overnight trading but is hesitating into this morning's open. Day and swing traders will be considering any pullback at these levels for possible long interest. I still believe that swing trade support is down in the 2700 area, but it would take a lot at this point for price to get back down ... Read More ]