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Friday’s strength in SPX and QQQ has broken initial resistance, giving reasons for optimism that a more meaningful low could be in place.QQQ bounce makes both legs of decline equal in price and time into late May.Ethereum has fallen out of favor vs Bitcoin, and...

Bounce above 4114 in SPX gives reason for optimism that lows might be in place

Short-Term Rally Possible as SPX Reversed at Base Case ‘22 Target

Friday’s decline has achieved my Base case 2022 technical target and Friday’s reversal gives hopes for a short-term rally getting underwayVery good price action in Equal-weighted Healthcare and Technology this weekVIX recent lagging could be construed as bullish, sniffing out market bottom https://vimeo. com/712238976 Markets promptly reversed early uptrends to...

Equal-weighted SPX hits highest vs SPX in over a year

Tuesday’s NASDAQ pullback has violated Feb/March lows, while SPX is at these levels, and DJIA remains a relative outperformer, trading ~3% above as of 4/26 close.Microsoft and Tesla analyzed technically and key support, resistance revealed.Equal-weighted SPX and NASDAQ both showing strength vs Cap-weighted. https://vimeo. com/703496495 The selloff has proven difficult...

SPX breaks support as Tech weakness spreads to broader market

Technical Strategy Video: https://vimeo. com/662809726/af65efdf14 SPX break to multi-day lows was accentuated by Technology’s declineValue continuing to make inroads vs Growth- While Large-Cap Growth was far better than Value into End of year 2021, Mid and Small-cap Growth had never really strengthened as much.  Recent days shows Value across...

  • Technical Strategy
June 12, 2020

Slide Does Technical Damage But Doesn’t End Rally Mode

Last week’s market drop-off did considerable technical damage to many charts BUT there are a few silver linings we would encourage investors to consider. The Standard & Poor’s (SPX), along with many stocks, notably cyclicals, were overbought at resistance heading into the beginning of this week. The SPX has pulled...

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  • Tom Lee's Equity Strategy
December 27, 2019

In 2020 It's All About SPX's EPS Growth; We See a 10% Rise

Through 2020 and into 2021, it’s all about earnings per share growth for the Standard & Poor’s 500 index and potential U.S. equity returns. As noted last week, I see 10% plus EPS growth and that should translate into another double-digit equity return next year as investors begin to discount...