Wed March 27

Government Support

A daily market update from FS Insight — what you need to know ahead of opening bell "That government is the strongest of which every man feels himself a part."...

Tue March 26

Healthcare likely underperforms into late April; Lowering to Neutral

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF AT THIS TIME. WHILE PRICE...

Wed February 28

Equal-weighted SPX has yet to gain traction while QQQ/SPY down to support

EQUITY TRENDS SHOW NO EVIDENCE OF WAVERING.  DESPITE THIS WEEK’S MILD CONSOLIDATION IN EQUITY INDICES, THE CYCLICALS HAVE MANAGED TO KICK INTO GEAR TO PROVIDE SUPPORT TO EQUITIES AND LITTLE...

Thu February 1

Modesty or Musk

A daily market update from FS Insight — what you need to know ahead of opening bell "Modesty is the only sure bait when you angle for praise." — Lord...

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...

Wed January 3

Recent Selling looks nearly complete; Expecting rally back above SPX 4850

TECHNICALLY, OUR RECENT THREE-DAY SELLOFF LIKELY MARKS AN ATTRACTIVE OPPORTUNITY FOLLOWING THE HUGE RUN-UP INTO LATE DECEMBER.  SPX LOST NEARLY 90 POINTS FROM ITS LATE DECEMBER PEAKS, YET TECHNICALLY, TRENDS...

Tue November 21, 2023

Forget this “Turkey” of a Market, It’s “Time to Feast” on Gold and Copper

NEAR-TERM TRENDS FOR US EQUITIES ARE BULLISH, BUT GETTING EXTENDED AS PART OF NEGATIVE MOMENTUM CONDITIONS ON WEEKLY AND MONTHLY CHARTS.  TREASURY YIELDS AND US DOLLAR MIGHT WEAKEN INTO US...

Thu November 9, 2023

US Equities might weaken into 11/22 as Yields lift

SPX AND QQQ LOOK TO BE PEAKING OUT FOLLOWING NEARLY NINE CONSECUTIVE DAYS OF SPX GAINS (which failed on Thursday, and would have represented the longest interrupted rally since 2004.) ...

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,...

Thu August 10, 2023

Technical reasons why an Equity low is near

Schedule Update: I will be traveling on Friday (8/11) and there will be no Daily Technical Report nor Technical Video published. Daily technical strategy will resume on Monday 8/14. MARKETS...