Forecasts & Analysis

We have seen some really big moves in various S&P sectors over the past 60+ days and these trends look like they may continue for a while.

At this time, there is no clear bullish catalyst for gold so a rally may have a hard time gaining traction.

Technically, the direction of the March natural gas futures contract is being controlled by the 50% to 61.8% retracement zone at $2.485 to $2.552.

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 2 to 289 this week.

Odds are now equally weighted between a rally continuation and failed breakout following Tuesday’s earnings report.

Following is a list of company earnings scheduled for release January 25-29, along with earnings preview for select companies. Next week’s earnings are of much significance for major market movements as over 100 S&P 500 companies, along with Microsoft, Apple, Tesla and Facebook will release their financial statements.

Short-lived as it may become, the Biden era has begun; and regardless of Harris waiting in the wings, ought higher be the price Gold brings.

It’s a mixed start to the day for the majors. Steering clear of the day’s pivot levels would support a run at the major resistance levels, however.

Existing home sales surge

The strongest sectoral ETFs may continue to see a much stronger upside price rally as a result of this trigger.