Technical Strategy Video:

The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • Intermarket divergences remain something to watch carefully as markets continue to grind sideways, with SPX largely unchanged from six trading days ago
  • Defensive groups like Consumer Staples and REITS have shown some of the best performance amidst the S&P SPDR ETF’s over the last 1 and 3 month periods.   Technically these groups along with Utilities are ones to favor in the short run
  • Treasuries look to be 1-2 days from bottoming out, which should coincide with yields turning back lower, after one of the toughest starts to the year for Treasuries in more than a decade.   

US Equity markets remain in a state of flux for 2022, which is a source of frustration to bulls and bears alike as SPX remains largely unchanged over the last six trading days.   The negative divergence seen in the NASDAQ, however, remains important to pay attention to in the short run, and Tuesday saw prices finish under the lows of the last six trading days.  While many are citing the positive 1.5% return over the “Santa Claus rally” period as a seasonal positive, it will be important to resolve these divergences that are seen as a larger negative to progress right now.  Most of Europe i...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)