US Indices Forecast, January 10, 2017

E-mini S&P 500

March E-mini S&P 500 Index futures are trading slightly higher during the pre-market session. The index is covering from early session weakness that took the market down to 2259.50, slightly above Friday’s low at 2258.25. Although it looks like a minor top was formed at 2277.00 because today’s low took out yesterday’s low, the index is actually trading inside Friday’s range… Read More E-mini S&P 500 Forecast

E-mini NASDAQ-100

March E-mini NASDAQ-100 Index futures are called flat shortly before the cash market opening. There’s not much to say about this market. Money managers had investment capital to place on Monday and they chose this index because it didn’t have any exposure to crude oil that was dragging down the other indexes. Well, that’s what I think. It could also be they think the tech and biotech sectors are immune to Trump… Read More E-mini NASDAQ-100 Forecast

E-mini Dow Jones

March E-mini Dow Jones Industrial Average futures are called lower shortly before the cash market opening. The market is trying to claw back from an early session break into 19785.

Although the Dow took out yesterday’s low, it is still trading inside Friday’s range. This tells me that someone is trying to prop up the market or defend Friday’s low at 19760. There may be sell stops hidden under this price… Read More E-mini Dow Jones Forecast