Wed January 31

SPX pullback should prove short-lived;  Healthcare deserves an Overweight

SPX AND QQQ LOOK TO HAVE BEGUN MINOR PULLBACKS WITH WEDNESDAY’S DECLINE, WHICH HAPPENED DURING A SIGNIFICANT WEEK OF FOMC MEETING, “MAGNIFICENT 7” EARNINGS AS WELL AS CYCLE CONFLUENCE.  HOWEVER,...

Thu January 11

Short-term SPX Peak should be near;  DXY could strengthen into March

NEAR-TERM TRENDS LOOK TO BE TURNING DOWN FOLLOWING A TEST OF DECEMBER 2023 PEAKS ACROSS MULTIPLE US INDICES ON THURSDAY.  WEAKNESS OVER THE NEXT WEEK LOOKS POSSIBLE, AND COULD KICK...

Tue October 31, 2023

Trick Or Treat from the FOMC? Equity rally will accelerate short-term if early Oct. lows are recouped

SPX AND QQQ VERY WELL COULD HAVE BOTTOMED LAST FRIDAY ON A PERFECT 3-MONTH ANNIVERSARY TO THE PEAKS FROM LATE JULY.  HOWEVER, AS DISCUSSED IN RECENT DAYS, INDICES REQUIRE A...

Fri October 13, 2023

Friday the 13th Reversal should prove short-lived into next week

US EQUITY MARKETS LOOK TO HAVE BOTTOMED ON 10/3 AND ARE LIKELY TO PROGRESS OFF OCTOBER LOWS IN A TWO-STEPS FORWARD, ONE STEP BACKWARDS TYPE PROCESS.  BOTH US DOLLAR ALONG...

Wed September 13, 2023

Market internals worsening despite indices holding up

US EQUITY INDICES AND TREASURY YIELDS REMAIN QUITE CHOPPY, BUT THE PATH OF LEAST RESISTANCE REMAINS LOWER OVER THE FINAL COUPLE WEEKS OF SEPTEMBER.  TREASURY YIELDS LOOK LIKELY TO BREAK...

Thu August 31, 2023

Upticks - August 2023

UPTICKS LAGGARDS MEANINGFUL MOVEMENT WORTH DISCUSSING AMONG CURRENT UPTICKS HOLDINGS BOSTON SCIENTIFIC ($BSX- $53.95) Source: Trading View BOSTON SCIENTIFIC ($BSX- $53.95) was added to my UPTICKS list back on 2/22/23,...

Tue August 29, 2023

“Bad news is good news” for Equities as yields plunge on economic data

DESPITE TUESDAY’S STRONG SURGE, HOURLY OVERBOUGHT CONDITIONS WHEN WEEKLY MOMENTUM IS NEGATIVE DON’T NORMALLY REPRESENT THE IDEAL TIME TO CHASE A THREE-DAY RALLY.  WHILE I AM BULLISH FOR SPX GAINS...

Tue March 21, 2023

Healthcare should start to “kick into gear”

SPX rally has successfully regained 4000 at a time when bearish sentiment indicators suggested few thought such a feat might be possible.  Technology’s comeback has been joined by a welcome...

Mon March 13, 2023

Healthcare springs to life as Financials nose-dive

The SPX’s near-term decline is ongoing, regardless of some brief stabilization attempts on Monday.  While US indices are now in the window for a possible change of trend, more upside...

Wed February 22, 2023

February 2023 Upticks

NOTE: THIS UPTICKS REPORT WILL BE IN REPLACE OF MY DAILY TECHNICAL STRATEGY PIECE TODAY (2/22/2023). UPDATE US Equity markets continue to be caught in a tug-of-war between bulls and...