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Head of Technical Strategy
EQUITY TRENDS REMAIN BULLISH, YET SPX IS CLOSE TO SEVERAL PROJECTED TARGETS NEAR 5900 WHICH SHOULD SLOW THIS RALLY DOWN AS IT NEARS THE END...
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MEANINGFUL RELATIVE STRENGTH OCCURRED IN SMALL-CAPS AND TRANSPORTATION ISSUES WEDNESDAY, WHICH LOOKS QUITE CONSTRUCTIVE FOR THE BROADER MARKET. FINANCIALS HAVE ALSO JOINED SUIT IN THE...
US EQUITY TRENDS HAVE REACHED AREAS OF RESISTANCE WHICH LIKELY MAKE THE ROAD BETWEEN NOW AND MID-NOVEMBER A BIT TRICKIER, DESPITE THE ONGOING BULLISH UPTREND. ...
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