equities

S&P 4.5% Higher From Sunday Night Low - FOMO Melt-Up Engaged

Blue Line Futures

August 30, 2019

What a week, the S&P is 4.5% off the Sunday night low and the FOMO melt-up is engaged.

S&P 500 Surges On Peak Optimism in Trade-Talks Jawboning Cycle

Blue Line Futures

August 29, 2019

U.S benchmarks are surging higher. The tables turned through yesterday morning after major three-star support held a retest at 7:00 am CT. Freshly upbeat rhetoric surrounding U.S and China trade has added a tailwind to yesterday’s trading session.

S&P 500 Futures Bears Are In Driver Seat Below 2866 Pivot Today

Blue Line Futures

August 28, 2019

U.S benchmarks reversed early gains yesterday and the S&P finished more than 1% from what is now a psychological ceiling at 2900. We noted here in the first half of the week that nothing ultimately changed from Friday’s news of fresh tariffs escalating the trade war.

U.S. Stock Market Not Thriving On Bad Economic News Anymore

Blue Line Futures

August 27, 2019

U.S benchmarks are clinging to yesterday’s recovery, but trade war uncertainties persist. We maintain the belief that this market is not thriving on bad economic news anymore, in fact, we believe recessionary-like data will encourage selling.

Trump Jawbones Stocks Higher After Risk-Off Sunday Open

Blue Line Futures

August 26, 2019

U.S benchmarks are snapping back from Friday’s bludgeoning after President Trump said China called him to restart trade talks and work towards a resolution. Although China has denied such a call.

Fed Chair Powell gives his keynote address at Jackson Hole at 9:00 am CT

Blue Line Futures

August 23, 2019

U.S. benchmarks trading lower after China implements 10% tariff on crude oil.

S&P 500 crucial area of technical resistance

Blue Line Futures

August 22, 2019

U.S benchmarks are lingering at the highest level in a week, a crucial area of technical resistance. Looking at 2950 level to the upside in S&P 500.

S&P 500 Traders Back From Hampton's for FOMC Minutes and Jackson Hole

Blue Line Futures

August 21, 2019

 U.S benchmarks are bouncing back from yesterday’s dull session. Price action achieved a strong wave of technical resistance Monday on the heels of three straight days of sharp gains.

S&P 500 Futures Holding Ground After Exuberant Three-Day Run

Blue Line Futures

August 20, 2019

U.S benchmarks are holding ground at unchanged after an exuberant three-day run to a strong wave of resistance; this is just about all the bulls can ask for at the onset of U.S trading hours.

Hopes on U.S and China trade negotiations buoy market

Blue Line Futures

August 19, 2019

U.S benchmarks are off to a strong start this week. One is welcome to credit this action to hopes on U.S and China trade negotiations, however, the move began after pinging major three-star support on Thursday and the reversal is much broader.