Summary The S&P500 index is expected to repeat last week’s range first and then choose the direction of the next movement. It could decline somewhat but it will not melt down like last December’s movement. Oil is expected to pullback a little to resolve an ultra-short-term overbought condition then move back up to the high area again. GOLD is expected to continuate staying under the $1298 line for a while until it finds a short-term bottom. Full weekly preview (free) Download the full market preview … Continue reading →

Summary The S&P500 index is expected to have a minor pullback first and then a continuation high move later. Oil is expected to have a consolidation move first before price struggles to move higher again GOLD is expected to stay under the $1300 line for a while. Full weekly preview (free) Download the full market preview here. Or click the pop-out arrow in the top left corner of the image to read it on this page.   … Continue reading →

Summary The S&P500 index is expected to have a continuation low move first before the GDP report Thursday, and (assuming no disasters) bounce into the end of the week. Oil is expected to have a further decline to test the bottom of the rising trend channel early in the week; it may bounce later. GOLD could go in either direction this week. The GDP revision on Thursday will help determine the next move. Full weekly preview (free) Download the full market preview here. Or click … Continue reading →