The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • SPX rally ahead of CPI report has reached 2/2 peaks.  While this might be important short-term, it’s thought to be a temporary roadblock.  Longs still recommended, with any dips being buying opportunities for upside follow-through into Feb 14-15
  • Death Crosses aren’t too negative given historical data
  • Encouraging follow-through higher by Discretionary, Healthcare, Industrials as the “broader” market continues to play catch-up and recover


SPX’s rally has neared 2/2 highs heading just ahead of some important economic data and likely the strongest CPI reading since 1982. (Estimates 7.2%) (Incredible that the FOMC still will be pumping 40 billion worth of Agency MBS for another month. Overall, trends remain bullish but the area at 4595 could be a temporary challenge to exceed after this recent runup.  Overall, it’s right to stay long, expecting that pullbacks will be buyable for further upside in US Stock indices into 2/14-15, at/near 4640-50. the first important area of potential trend change for February.  Bottom line, no change to the thesis and a bullish bias into mid-to-late March looks correct.

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Does a Death Cross really matter?

Many investors have inquired...

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