Market preview – week of June 10, 2019

Summary The S&P500 index is expected to have a brief pullback. But 2800 will be a key support: above it a further rally is possible; below it, expect a short-term decline. Oil  is expected to hold above $52 and continue moving up toward $57.50 for testing. GOLD  is expected to have a small retracement to retest $1300-$1310 zone first, and then rally again. Full weekly preview (free) Download the full market preview here. Or click the pop-out arrow in the top left corner of the … Continue reading

Market preview – week of June 3, 2019

Summary The S&P500 index is expected to have a brief oversold bounce. Fed members speaking and the Fed policy conference Tuesday will largely influence price moves. Oil is expected to hold below $57.50 for price move lower. Any bounce may not last very long. GOLD is expected to hold above the $1290-$1288 zone this week. 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

Market preview – week of May 27-28, 2019

Summary The S&P500 index is expected to move lower. But external events surrounding the US-China trade war may change which will have a major influence on market movement. Oil is expected to hold above $57.50 to have a consolidation. Any bounce may not last very long. GOLD is expected to hold above $1270-$1272 zone. The rollover into August contract (last Friday) could lead to a big price swing for gold. Full weekly preview (free) Download the full market preview here. Or click the pop-out arrow … Continue reading

Market preview – week of May 20, 2019

Summary The S&P500 index is expected to hold under the 2900 line to retest last week’s low area. But an unexpected burst of good news could send it back up. Oil is expected to hold above $59 in its attempt to return to the $65-$66 area. GOLD is expected to hold above $1270. But if the Chinese Yuan continues to devalue this week, gold could go lower. Full weekly preview (free) Download the full market preview here. Or click the pop-out arrow in the top … Continue reading

Market preview – week of May 13, 2019

Summary The S&P500 index is expected to remain inside the 2900 to 2850 range for this week due to major traditional monthly option expiration. But a breakout of either the top or bottom of that range could lead the price to go up to 2930 or down to 2820. Oil is expected to make a breakout move. GOLD is expected to remain inside a sideway range, but any external news may produce a fake breakout move. Full weekly preview (free) Download the full market preview … Continue reading