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

The near-term US Equity market index trends remain bearish, and S&P’s failure to recoup 4250 on a close keeps prices trending lower and offers an above-average likelihood of an upcoming test and possible temporary break of February lows.   The volatility most are witnessing is reminiscent of 2008 and it’s important to remember that after a 135-point range on Tuesday, it’s not where prices are trading intra-day, but where they finish.  SPX has now been lower for the last four trading sessions and closed Tuesday at the lowest levels since last June, albeit still above February intra-day lows.  Meanwhile, this remains an excellent stock pickers environment for those with Energy, Utilities, Agriculture, Metals exposure.  As discussed, trends are bearish under 4250 and bullish above, but are expected to test 4114, and under should lead to 4000.

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Short-term & Intermediate-term Technical Thoughts on XLE, OIH

Before delving into Clean energy, It’s right to revisits thoughts on the technical attractiveness of the main fossil fuel related Energy ETF’s which have skyrocketed fo­­llowing the Russian invasion and subsequent US banning of Russian Oil imports, announced today, Tuesday 3/8.&nbs...

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