Daily Technical Strategy
Technical Strategy
Daily Technical Strategy
Technical Strategy
- Daily Technical Strategy
- Daily Technical Strategy
What does this Discretionary weakness say about the Consumer?
FOR THOSE WHO MISSED IT, YOU CAN VIEW MY CNBC APPEARANCE THIS MORNING (5/10) BY CLICKING HERE EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS. SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS FROM LATE MARCH INTO APRIL, AND LIKELY WILL...
- Daily Technical Strategy
What does this surge in Utilities mean for the Stock market?
EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS. SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS FROM LATE MARCH INTO APRIL, AND LIKELY WILL TEST AND BREAK OUT ABOVE RESISTANCE AS US DOLLAR AND US TREASURY YIELDS START TO WEAKEN. THE...
- Daily Technical Strategy
Top areas to expect mean reversion as Dollar & Rates fall
EQUITIES HAVE EXTENDED GAINS AND REMAIN IN A NEW SHORT-TERM BULLISH UPTRENDS AS PART OF INTERMEDIATE-TERM UPTRENDS WHICH NEVER WAVERED DURING THE RECENT THREE-WEEK DECLINE. WHILE MORE EVIDENCE OF FALLING YIELDS AND US DOLLAR LIKELY BEGINNING IN THE DAYS/WEEKS AHEAD, IT’S LIKELY THAT THE RECENT UPTICK IN HEALTHCARE, FINANCIALS AND...
- Daily Technical Strategy
Equal-weighted S&P 500’s breakout gives reason for optimism
EQUITIES HAVE EXTENDED GAINS AND REMAIN IN A NEW SHORT-TERM BULLISH UPTREND AS PART OF INTERMEDIATE-TERM UPTRENDS WHICH NEVER WAVERED DURING THE RECENT THREE-WEEK DECLINE. WHILE MORE EVIDENCE OF FALLING YIELDS AND US DOLLAR IS LIKELY BEGINNING IN THE DAYS/WEEKS AHEAD, IT’S LIKELY THAT THE RECENT UPTICK IN HEALTHCARE, FINANCIALS...
- Daily Technical Strategy
Technology on much better footing after AAPL’s confirmed breakout
EQUITIES HAVE SHOWN EVIDENCE OF TURNING BACK HIGHER TO END THE WEEK FOLLOWING CONFIRMED BREAKOUTS IN AAPL ALONG WITH INITIAL EVIDENCE OF BOTH TREASURY YIELDS AND US DOLLAR TURNING LOWER. WHILE THE EQUAL-WEIGHTED S&P HAS SOME WORK TO DO TO REGAIN ITS FORMER BULLISH STRUCTURE, THE COMEBACK IN HEALTHCARE AND...
- Daily Technical Strategy
AAPL behavior gives confidence ahead of this week’s CPI print
EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS. SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS FROM LATE MARCH INTO APRIL, AND LIKELY WILL TEST AND BREAK OUT ABOVE RESISTANCE AS US DOLLAR AND US TREASURY YIELDS START TO WEAKEN. THE...
- Daily Technical Strategy
Higher rates should prove temporary headwind only for Equities
THE RELENTLESS PUSH HIGHER IN RATES CONTINUES TO BE AN IMPORTANT FACTOR THAT’S SPOOKING THE STOCK MARKET, PREVENTING A MORE MATERIAL BOUNCE OFF THE LOWS. THESE NEXT FEW DAYS WILL BE IMPORTANT TO ASCERTAIN THE TREASURY FUNDING LEVELS AND THE POSSIBILITY OF POWELL TO PRODUCE A MORE DOVISH MESSAGE GIVEN...
- Daily Technical Strategy
Very encouraging broad market rally and above-average strength from Small-caps and Healthcare
LAST WEEK’S EQUITY RALLY HAS STARTED TO STRENGTHEN TO KICK OFF THE NEW WEEK AND SHOULD CARRY SPX INITIALLY UP TO TEST MARCH PEAKS, WITH ADDITIONAL TARGET FOUND NEAR 5400. BOTH US DOLLAR AND TREASURY YIELDS HAVE SHOWN INITIAL SIGNS OF TRYING TO TURN BACK LOWER AND LAST WEEK’S TECHNOLOGY...
- Daily Technical Strategy
Further Equity rally likely despite a lack of broad-based strength
THE RALLY WHICH STARTED MONDAY LIKELY SHOULD CARRY SPX BACK TO 5400. A FIVE-WAVE ADVANCE HIGHER REPRESENTED THE FIRST REAL POSITIVE STRUCTURAL EFFORT OFF THE LOWS, AND BOTH US DOLLAR AND TREASURY YIELDS LOOK CLOSE TO TURNING BACK LOWER. GOOGL, NVDA AND MSFT’S GAINS LOOK IMPRESSIVE TECHNICALLY AND CAN LEAD...
- Daily Technical Strategy
Technology looks to be turning higher, despite higher rates
THE RALLY WHICH STARTED MONDAY LIKELY SHOULD CARRY SPX BACK TO 5400. A FIVE-WAVE ADVANCE HIGHER REPRESENTED THE FIRST REAL POSITIVE STRUCTURAL EFFORT OFF THE LOWS, AND BOTH US DOLLAR AND TREASURY YIELDS LOOK CLOSE TO TURNING BACK LOWER. AS I INDICATED IN RECENT DAYS, TECHNOLOGY AS A SECTOR IS...