Summary The S&P500 index is expected to have a whipsaw move Oil is expected to roll into the Octber contract (CLV19) and repeat the selling at last week’s high area GOLD is expected to hold above $1480-70. This week we have the FOMC minutes on Wednesday and Jackson Hole symposium on Friday with the Fed Chairman speaking at 10am. These external events could cause the stock market to take out everybody’s stops in a big whipsaw move. Full weekly preview (free) Download the full market … Continue reading
Category Archives: Free Weekly Preview
Summary The S&P500 index is expected to stall under its 20- and 50-day moving average lines and return to 2800 area or lower. Oil is expected to stop advancing under $55.50 line and return to $52.50 area or lower again. GOLD is expected to hold above $1480-70 line and continue to see a buy-on-dip move. This week is a major monthly option expiration week. All of the above products are expected to have high volatility early in the week and low volatility towards the end … Continue reading
Summary The S&P500 index is expected to have a brief oversold bounce this week. But any price movement this week is unlikely to change the short-term downside trend direction. Oil is expected to bounce from $52.50 area and maintain the price in a narrower range GOLD is expected to hold above the $1410 line to return to last week’s high area. Full weekly preview (free) Download the full market preview here. Or click the pop-out arrow in the top left corner of the image … Continue reading
Summary The S&P500 index is expected to have some weakness/pullback in the very short-term. The Fed announcement Wednesday will likely contribute to that move. Oil is expected to remain inside its narrower range into the end of the month. GOLD is expected to hold above $1400 line and eventually return to the previous high level. 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 this week. Oil is expected to bounce from the low of its narrow range this week. GOLD is expected to hold above $1400 for consolidation. 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