Weekly Stock Market Forecast
New York Mercantile Exchange › RBOB GASOLINE JUL 22/JAN 24 (NYMEX:QRB.N22-QRB.F24)
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Equity
REV Group, Inc (REVG) +75
2 days ago
Trading up +0.69 (+3.63%) at 19.03. Bull Market Weakness (+75) - REVG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on REVG as it may be in the beginning stages of a reversal.
IHS Markit Ltd. (INFO) -60
2 days ago
Trading down -0.030 (-0.03%) at 104.970. Crossroads (-60) - INFO is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Index
S&P UNITED KINGDOM (PDS) (SPUK) +100
2 days ago
Trading up +15.89 (+1.13%) at 1406.60. Strong Uptrend (+100) - SPUK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPUK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
S&P Composite 1500 Independent Power Producers & Energy Traders (Sub Ind) (SP1500-55105010) -85
1 day ago
Trading up +5.22 (+3.67%) at 142.41. Countertrend Down (-85) - SP1500-55105010 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Future
CRUDE OIL Jan 2022 (CL.F22) +85
1 day ago
Trading up +1.17 (+1.86%) at 62.95. Countertrend Up (+85) - CL.F22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
SOYBEAN MEAL TAS Jul 2021 (ZMT.N21) -55
2 days ago
Trading up +0.3 (+150.00%) at 0.2. Sidelines Mode (-55) - ZMT.N21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Foreign Exchange
British Pound/Mexican Peso (GBPMXN) +85
this minute
Trading up +0.01490 (+0.05%) at 28.04265. Countertrend Up (+85) - GBPMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
US Dollar/Russian Ruble (USDRUB) -70
1 day ago
Trading down -0.1061 (-0.14%) at 74.0185. Weak Downtrend (-65) - USDRUB is showing signs of a strengthening downtrend. Monitor USDRUB as it may be building momentum to the downside.
Mutual Fund
POPLAR FOREST PARTNERS FUND INSTI CLASS (IPFPX) +85
1 day ago
Trading up +0.75 (+1.30%) at 58.23. Countertrend Up (+85) - IPFPX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
NUVEEN FLAGSHIP WI MUNI BD FD CL R (SRS OF NUVEEN FLAGSHIP MULTISTATE (FWIRX) -70
1 day ago
Trading unchanged at 11.03. Weak Downtrend (-65) - FWIRX is showing signs of a strengthening downtrend. Monitor FWIRX as it may be building momentum to the downside.