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

Near-term trends for US Equities have stalled following sharp uptrends over the last month and look susceptible to consolidation in the weeks ahead.  Treasury yields and US Dollar look to be bottoming out.  Equity indices might temporarily peak this week and pullback ahead of a rally into 2024.   At present, precious metals, Crude oil, and Cryptocurrencies are more attractive than Equities over the next few weeks.

Thursday’s reversal looked important for Treasury yields and the US Dollar while Equities managed to close mixed, with positive closes from SPX and DJIA to finish the month, while NASDAQ finished lower by -0.35%.

Technology and Financials sectors lie right near July 2023 peaks, and these levels should be challenging to exceed in the days/weeks to come without consolidation.

As discussed in recent days if US Equity markets have been roughly flat this past week while Technology and Financials have advanced, then it might prove difficult for an immediate move above SPX 4600 like many investors expect heading into December (For those that missed my reasoning as to why Stocks and Treasuries might be ripe for trend reversal, kindly see my Technical reports and Videos from Monday-Wednesd...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)