support
- Daily Technical Strategy
US equity markets remain trending lower in the short run, but are close to near-term support which should materialize between 12/21-12/23 at marginally lower levels. While daily momentum has not yet reached traditional oversold levels per Relative strength index (RSI), we’ve begun to see RSI...
- Daily Technical Strategy
VIX down to support as “FAANG” hits resistance
Increasing signs of stalling out in US Equities ahead of a potentially very important Jobs report on Friday (8/5), and stock indices largely continue to be fairly resilient amongst a sea of gloom on the economy and earnings. To the bears’ chagrin, this rally has happened amidst widespread participation and...
- Daily Technical Strategy
Treasury yields likely to bounce further after hitting support
Given the degree of sideways trading in Equities over the last week, the real focus should be on what’s happening in Foreign Exchange (FX) as well as Treasuries. US 10-Yr Yields look to have found good initial support near 2.70%, a meaningful support level coinciding with lows over the last...
- Daily Technical Strategy
DJ Transportation Avg. breaks yearly support
Wednesday’s about-face looks serious and likely leads prices down to 3800 initiallyTreasury yields look to be rolling over and should continue down into JuneDJ Transportation Avg has broken down to new yearly lows https://vimeo. com/711384269 Wednesday’s decline was severe enough to suggest that a move back to lows to test...
- Daily Technical Strategy
Both US Equities and Bitcoin near temporary Support
SPX and QQQ look to be nearing initial support after recent weakness.Some of this week’s biggest areas of weakness- Transports and Semiconductor issues, are now closing in on “Make-or-Break” support which looks likely to hold on this retest.Implied volatility looks attractive to own on a 2-3 month basis after its...
- Daily Technical Strategy
Intra-day reversal holds trendline support, for now
Technical Strategy Video: https://vimeo. com/664488793/e1f410ef88 While a short-term bottom could materialize for US equity indices this week, it’s right to expect further weakness into late January before any meaningful low is at handSector strength in Financials and Energy continues to hold markets up, creating a sloppier selloff than what...
- Technical Strategy
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...
