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

Market preview – week of May 6, 2019

Summary The S&P500 index is expected to have a minor pullback early, but as long as the index holds above the 50-dEMA line, it is bullish. We expect to see buyers continue stepping in if/when the price pulls back. Oil is expected to see some oversold bounce. This may take the form of a dump-and-bump move. GOLD is expected to remain in a sideways consolidation range first, but there is a strong chance it will challenge (but initially not break) overhead resistances. Full weekly preview … Continue reading

Market preview – week of Apr. 22, 2019 — Clone of

Summary The S&P500 index is expected to have a breakout movement this week. The FOMC policy announcement Wednesday will directly influence price moves. Watch the retest of the break-out point to see if the index is making a true breakout or not. Oil is expected to have a further pullback this week to search for support. If it has an early bounce, it is likely to see more selling pressure. GOLD is expected to go sideways in the current range from $1300 to $1278 first … Continue reading

Market preview – week of Apr. 22, 2019

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