Weekly preview

Market preview – week of July 16, 2018

Summary The S&P500 index is expected to have a strong move early in the week but may tend to have less volatility toward the end of the week due to July monthly option expiration. Oil is expected to have more downside ahead after it completes its oversold bounce. GOLD may have a minor bounce this week Download the full preview 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 July 9, 2018

Summary The S&P500 index is expected to have a upside breakout June’s high soon. Oil could retest last week $72.14 low area in early this week. It depends on how last week’s support can hold up price or not. GOLD is expected to continue having a minor bounce if the dollar keeps its short-term correction. Download the full preview 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 July 2, 2018

Summary The S&P500 index will be roiled by the July 4 holiday. External events, especially concerning the “trade wars,” are driving the market this week, rather than technical price levels. The market is capable of swinging in either – or both – directions. Oil could have a continuation rally as long as the $72.90 monthly breakout level holds up, with the next stopping point around the $75-$78 area. GOLD is expected to have a small oversold bounce soon. But the broken downtrend line is expected … Continue reading

Market preview – week of June 25, 2018

Summary The S&P500 index is expected to go lower in the early days of the week, but bounce in the last day for the end-of-month settlement heading into the July 4 holiday. Oil rallied strongly after the OPEC production target announcement Friday. If there is a follow-through this week, it could revisit the overhead resistance around $72. Otherwise the market could retrace toward $67-$66.50 zone. GOLD is expected to have a small bounce. But it will not change its downtrend direction as long as price … Continue reading