The math is simple. When the top four components of the S&P500 index, all mega-cap technology companies, are down between 0.92-3.1%, the index is doomed for the session. To make…
The Santa Claus rally was derailed after just one day as the S&P 500 index was unable to overcome the carnage in the mega-cap technology sector. The top four components…
The first day of the Santa Claus Rally did not disappoint. There were moments in both the premarket trading and regular sessions when a green close was in doubt. However,…
The combination of a few poor earnings reports (Micron Tech and Karmax) had the S&P 500 index under major selling pressure. The retreat in premarket trading off a double top…
After barely ending a four-day losing streak on Tuesday, the S&P 500 index needed a catalyst(s) to keep the rally going. It was provided by investors’ reaction to FedEx’s mixed…
A hawkish move by the Bank Of Japan coupled with an earthquake in California propelled the S&P 500 index to its lowest level since early November in premarket trading. However,…
When your catalyst for the rally in premarket trading ceases to be a catalyst, then look out on the downside. Although it may be subtle, Elon Musk’s Twitter poll over…
The rally to end Thursday’s session faded and faded hard. The S&P 500 stock index futures spent very little time in the green at the onset of premarket trading. Also,…
Over the last 26 trading sessions, the S&P 500 index futures have been in a trading range from 3945.75 (last week’s low) to 4180 (Tuesday’s high). Most of the trading…
Premarket traders were hopeful for a light Producer Price Index as the futures were bid, but that did not turn out to be the case. Instead, the result was a…