Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Once again, Both the e-SPM and Crude Look Like They Have Unfinished Business on The Upside


The e-SPM and Crude Oil are following the same path today-- to the upside.

In fact, the action in the e-SPM and in Oil, since Tuesday and Wednesday, looks like both have ended corrections, and both has started news uplegs that are pushing up towards a confrontation with near-term resistance at 2132.25, and at $61.50/65, which if hurdled and sustained, should trigger upside continuation and acceleration-- especially in the aftermath of a more "dovish" than expected speech Friday after my Fed Head Yellen.

At this juncture, only sudden downside reversals that break 2115 and $58.30 will compromise the constructive near-term patterns.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!