Weekly preview

Market preview – week of Oct. 16, 2017

Summary The S&P500 index is expected to make new highs before it reverses. The major October options expire this week and could lead to fast price moves in both directions. Short-term strategy: buy on dips. Oil has the rollover to the next contract this week, and the October options expire. The key element early this week is price behavior near the major support around $49.50-$50.50. We expect the price to retest major support lines first before it makes any strong directional move. GOLD could have … Continue reading

Market preview – week of Oct. 9, 2017

Summary The S&P500 index is expected to have a minor pullback this week. But the price should not drop too much; it may just fill several unfilled gaps. The price should hold above the 2500 level. Oil may break below the $49-$48.50 zone, or at least make a serious attempt to break it. GOLD is expected to have a minor bounce. But as long as the price stays under $1298-$1300 the short-term trend is still down and price could return to last week’s low area again. … Continue reading

Market preview – week of Oct. 2, 2017

Summary The S&P500 index is expected to form another short-term top this week. But buying on dips will continue. Oil is expected to hold above $49.50 level and continues to consolidation under $52 line. GOLD is expected to hold under $1320 level and continue going lower toward its 200-day EMA line around $1265. Download here Or click the pop-out arrow in the top left corner of the image to read on this page. … Continue reading

Market preview – week of Sept. 25, 2017

Summary The S&P500 index is expected to form another short-term top this week. But buying on dips will continue. Oil is expected to hold above $49.50 level and continue to consolidation under the $52 line. GOLD is expected to hold under the $1320 level and continue going lower toward the area of its 200-day EMA line at $1265.  Download here Or click the pop-out arrow in the top left corner of the image to read on this page. … Continue reading