The near-term picture still looks positive for US benchmark indices and while momentum has reached intra-day overbought levels, this doesn’t imply a selloff has to happen right away.  Despite some minor intra-day weakness, S&P and NASDAQ still pushed up briefly above last Friday’s peaks during...

Biotech breakout worth following as Healthcare gets stronger

Treasury Yields- Breakout? Or Fakeout?

The failure of $SPX to turn up immediately is a bit disconcerting given my short-term Cycle projection into mid-September, and it’s looking increasingly likely that this cycle will now invert and produce a low in stocks into 9/14, not a high.  My 3920-5 area of importance was breached on a...

Alternative Energy breakout looks important

$SPX managed to extend gains sharply following FOMC’s 75bp hike Wednesday, though there seems to be confusion everywhere as to whether the hike was dovish or hawkish.  Technically speaking, this kind of uncertainty is precisely what can lead Equities higher at a time when most market participants remain on the...

Bullish breakout should drive SPX to 4060

Tuesday produced nearly a textbook breakout which not only exceeded late June and early July highs in $SPX, but also successfully exceeded 3-4 month downtrends for $SPX and $DJIA.  Seven of the 11 S&P Select SPDR ETF’s were higher by more than 3%, and volume was nearly 10/1 bullish on...

Coal stocks should strengthen further after breakout

Monday’s rally confirms a short-term Equity rally is underway into early next weekGrowth might rebound temporarily, but Value still looks compelling for 1H 2022Coal stocks have recently broken out again and remain extraordinarily strong ------------------------- SHORT-TERM BULLISH- Equities look to be turning up on schedule, and further strength looks likely...

  • Crypto Technical Analysis
Wed November 3, 2021

Ethereum recent outperformance vs Bitcoin can persist after breakout above Sept highs

Ethereum remains a near—term outperformer to Bitcoin over last two weeks, and this looks to last a bit longer after its breakout above Sept highsSolana remains quite bullish after its recent surge, but yet stretched ------------------------- Bitcoin Technicals - Yesterday’s breakout to new weekly highs following the minor three-day consolidation...

  • Daily Technical Strategy
Tue November 2, 2021

Technology, Transport, Small-cap Breakout all encouraging near-term

Technical Strategy Video (Recorded Tuesday, November 2nd): https://vimeo. com/641682283/3255a9bd33 Further signs of broad-based recovery happening with NYSE Advance/Decline moving back to new all-time highsTwo formerly underperforming groups, the Dow Jones Transportation Average and Russell 2000, both have moved back to new all-time highsTechnology just broke out again on an...

  • Daily Technical Strategy
Thu October 21, 2021

“Value-Line Breakout bullish, despite SPX hitting all-time highs on negative breadth

Technical Strategy Video (Recorded Thursday, October 21st): https://vimeo. com/637663751/c2bddbafeb Value Line Geometric Composite breakout gives confidence that an “Everything Rally” is very much underway despite the ongoing rotationSPX breakout back to new highs happened on negative breadth while 8 sectors fell on the day; Unimpressive, yet Healthcare, Cons. Discretionary...

  • First Word
Fri March 12, 2021

COVID-19 UPDATE: S&P 500 "breakout" now implies 4,300 in 1H2021 before any potential "correction"

VACATION ALERT! NEXT WEEK (3/15-3/19), SPRING BREAK ARRIVES FOR TIRELESS KEN AND FOR ME.   - DAILY COVID-19 UPDATES WILL BE SENT, HANDLED BY THE DATA SCIENCE TEAM - BUT NO STRATEGY COMMENTARY, NOR ANALYSIS. - IF THERE IS BREAKING MARKET MOVES, WE WILL SEND OUT FLASH INTRADAY AS NEEDED END...

  • Tom Lee's Equity Strategy
Fri September 6, 2019

After a Meandering Summer, Resilient Market Breaks Out

Some of our readers might remember an old black and white TV commercial about a Timex watch in which the manufacturer attached the timepiece to a motorboat engine blade; shot it at a wall using a bow and arrow, and dropped it in a washing machine, among other tests of...