Mon December 18, 2023

Near Record cash on sidelines could be helpful to markets heading into 2024

TECHNICALLY THE BROAD-BASED PARTICIPATION HIGHER IN MULTIPLE SECTORS IN THE LAST MONTH IS CERTAINLY A POSITIVE HEADING INTO 2024.   WHILE NEAR-TERM RISK/REWARD DOESN’T SEEM FAVORABLE FOR THOSE WITH TIMEFRAMES LESS...

Mon December 11, 2023

Semiconductor breakout happening as yields try to break out higher

US EQUITIES AND TREASURIES TECHNICALLY LOOK TO BE NEAR RESISTANCE, WHILE THE US DOLLAR INDEX HAS BEGUN TO RALLY.  A MAJORITY OF THE MAJOR SECTORS ARE ALSO NOW RIGHT NEAR...

Tue September 5, 2023

OIH and XOP favored within Energy as Supply cuts help boost Crude

US EQUITY MARKETS HAVE STALLED OUT GIVEN US TREASURY YIELDS HAVING TURNED BACK UP SHARPLY; GIVEN RECENT CORRELATION TRENDS, THIS MIGHT PERSIST THIS WEEK BEFORE STOCK INDICES RALLY BACK.  ENERGY...

Thu May 18, 2023

SPX breakout to new 2023 highs should help rally extend a bit more; Favor Homebuilders

SPX TREND BULLISH BUT MIGHT ENCOUNTER RESISTANCE AT 4235-4250 and maximum lift to 4325 before consolidation sets in. Wednesday’s breakout wasn’t noticed by many, but set the stage for Thursday’s...

Tue April 18, 2023

Discretionary leads the way on breakout to new weekly highs

Tuesday’s mild gains remain under key resistance, but breadth has definitely started to slow in the last couple weeks.  Following a close just above SPX-4124 on 4/3, the last 10...

Mon February 27, 2023

Bounce largely uninspiring but a tradable bottom looks near

Treasury yields and the US Dollar both stalled out and have consolidated gains in recent days.  Treasuries look likely to reverse course and very well could get a reprieve from...

Mon February 6, 2023

Mid-caps continuing to make headway

The near-term two-day pullback in both Stock indices and Treasuries hasn’t done much damage, and trends in both remain higher over the last few weeks. Pullbacks are happening in most...

Tue June 21, 2022

Short-term bounce unlikely to exceed SPX 3975 before retest

A bounce looks to be underway, given Tuesday’s prices lifting up to multi-day highs and closing near highs of the session.  While this might seem overdue given the extent of...

Wed March 23, 2022

On 2/24/2022, >40% of S&P 500 stocks were in a bear market = 9 of 9 times past 30 years stocks higher 12M out (ex-recession)

We publish on a 4-day a week schedule Monday Tuesday Wednesday SKIP THURSDAY Friday As many states are reducing the frequency of COVID-19 reports, we will only publish COVID-19 updates...

Tue March 22, 2022

While Powell's comments unnerved markets...for all these "bearish risks" the S&P 500 is on the verge of regaining its 200D

We publish on a 4-day a week schedule Monday Tuesday Wednesday SKIP THURSDAY Friday As many states are reducing the frequency of COVID-19 reports, we will only publish COVID-19 updates...

Mon March 21, 2022

Even as credit markets remain "hawkish" Nasdaq is already in a "bear market" = lots of bad news priced in

We publish on a 4-day a week schedule Monday Tuesday Wednesday SKIP THURSDAY Friday As many states are reducing the frequency of COVID-19 reports, we will only publish COVID-19 updates...

Fri March 18, 2022

While 2022 brought cascade negative headlines, metrics show institutional investors already positioned for recession = more evidence bad news baked in

We publish on a 4-day a week schedule Monday Tuesday Wednesday SKIP THURSDAY Friday STRATEGY: WHILE 2022 BROUGHT CASCADE NEGATIVE HEADLINES, METRICS SHOW INSTITUTIONAL INVESTORS ALREADY POSITIONED FOR RECESSION =...