Market preview – week of September 16, 2019

Summary The S&P500 index is expected to build a short-term double top pattern with new all-time highs. But the FOMC rate policy announcement Wednesday is key to the outcome. A 0.5% rate cut may push the index to new highs; if not, a sell-off should be expected. Oil is expected to have a spiking breakout move early this week, but later may go back into its triangle pattern again. GOLD is expected to hold above the $1485 zone if the Fed cuts interest rates as … Continue reading

Market preview – week of September 9, 2019

Summary The S&P500 index is expected to have a minor pullback to test support first and then bounce later this week. Oil is expected to continue within the current narrow range first; eventually a breakout move will occur, but the timing and direction are mainly determined by extrinsic events. GOLD is expected to hold above the $1485 zone. But the short-term trend is changing and any early bounce may not last very long. Full weekly preview (free) Download the full market preview here.    Or … Continue reading

Market preview – week of September 2, 2019

Summary Following the Labor Day holiday in the U.S. The S&P500 index is expected to stay within its August range (2950 to 2810) at first. Depending on external events the Index may break free of its consolidation range later in the week. Oil is expected to have a narrow weekly range move within the $56.75 to $52.75 area for this week GOLD is expected to hold above the $1500-$1485 zone. Any dip is likely to attract new buyers. Full weekly preview (free) Download the full … Continue reading

Market preview – week of August 26, 2019

Summary The S&P500 index is expected to go lower; any bounce is not likely to last very long. Oil is expected to test $52.50 level or lower to $50.52 this week. GOLD is expected to go higher first in early days before price pulls back again later this week or next. 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