technical
- Daily Technical Strategy
The four-day SPX rally has now quietly regained 5% just in the last three weeks, one of the longest uninterrupted rallies this year. Near-term, prices are nearing key make-or-break levels that technically look likely to result in a stalling out/reversal in prices heading into next...
- Daily Technical Strategy
Key Technical reasons for thinking a larger low is near
Friday marked the broadest rally we’ve seen all week, with excellent participation and also more than 90% of the volume into advancing stocks vs. declining. This week’s move was encouraging in how it has helped short-term momentum improve a bit. However, while a number of reasons stand out as to...
- Daily Technical Strategy
Despite pessimism, it’s early to call for a Technical bottom
Monday’s breakdown has taken SPX, QQQ and DJIA to lowest since at least a yearMicrosoft’s breakdown of $270 a definite headwind for Equities given its representationSentiment has been bearish for a few weeks, yet no definite evidence of capitulation https://vimeo. com/707981426 The relentless selloff has continued as this new...
- Daily Technical Strategy
Technical Longs and Shorts to Consider into May
Friday’s about face should lead to an upcoming test and break of February lowsAMZN’s outsized decline could be buyable temporarily at 3850-75Favorite Longs and Shorts are listed as investments to consider heading into May https://vimeo. com/704705731 Markets have reversed course after just a minor three-day bounce attempt and are now...
- Daily Technical Strategy
AMZN technical analysis- Where to buy dips?
Thursday’s rise lifted S&P up to resistance at 4303- While it’s possible a bit more upside can happen on Friday, the risk/reward for trading longs is growing poorAMZN analyzed after Thursday’s post earnings breakdownUS Dollar surge vs Yen has reached highest levels in 20 years https://vimeo. com/704342899 The S&P...
- Daily Technical Strategy
Top Technical Shorts to consider
Monday’s follow-through decline has caused SPX to close at lowest since 3/24.Technology remains under pressure, and still early to expect meaningful snapback.TNX pushed up above last week’s highs, and still no meaningful evidence of a top. https://vimeo. com/696304450/49e18d17ad US stocks seem to be following the technical playbook and might weaken...
- Crypto Technical Analysis
Cryptocurrency Technical Review
Cryptocurrency rally looks to have temporarily stalled out after a sharp three-week rally. Ethereum has stalled out in its relative performance vs Bitcoin, and for now, Bitcoin is an outperformer over Ethereum and should be favored. Weekly momentum remains negative and Cycle composites start to turn lower in early March into...
- Daily Technical Strategy
2022 Technical Strategy Outlook
There will be no Technical Strategy Video today, and a replay of today's webinar will be available tomorrow. To access a FULL copy of this report in PDF format, click this link. Year-end Target 2022 SPX- 4750-5000 (Flat to +5%) DJIA- 36,400-38,200 (Flat to +5%)Volatility continues throughout 1H 2022...
- Daily Technical Strategy
Defensive technical strength is meaningful amidst ongoing Divergences
Technical Strategy Video: https://vimeo. com/662437385/46f3cb138a Intermarket divergences remain something to watch carefully as markets continue to grind sideways, with SPX largely unchanged from six trading days agoDefensive groups like Consumer Staples and REITS have shown some of the best performance amidst the S&P SPDR ETF’s over the last 1...
- Daily Technical Strategy
5 Top Technical Longs to Consider
Technical Strategy Video: https://vimeo. com/659795451/3b131b5026 SPX push to new all-time highs is slowly starting to be seen in other indices and Groups. While negative divergence is present, we’ll use these levels as the “dividing lines in the Sand” QQQ-400, IWV-275.87, and SPX 4723- Above it’s right to be bullish,...
- Daily Technical Strategy
Breadth impressive but more technical price upside required for conviction
Technical Strategy Video: https://vimeo. com/659126141/733cd3949d Trends snapped back Tuesday in what many felt was the beginning of a late year push higher. However, despite the strong 7/1 Positive breadth, price has some work to doFinancials and Discretionary both pushed back into recent consolidations that were on the verge of...