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 November 8, 2023

Fedspeak reinforces Fed on pause. Positioning still key driver this week.

We discuss: Fed speak Tuesday is consistent with Powell’s dovish message last week — Fed has made a pivot away from data dependence towards forward looking views. Manheim today supports lower core in Dec/Jan. Positioning still...

Mon September 11, 2023

Important week ahead, and we expect August CPI (9/13) of +0.20% core or less to further reduce odds of a Nov hike, a positive for equities. Even as UAW strike looms.

We discuss: An important week lies ahead, most notably August CPI on 9/13 but also $AAPL debut and potential UAW strike.  That said, we still view Sept as front-loaded on...

Wed July 5, 2023

Energy strengthening short-term; Yet more needed for long-term conviction

TREND BULLISH- EXPECT RALLY UP TO SPX 4500 AND QQQ 395 BEFORE POSSIBLE STALLOUT; PULLBACKS BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH INTO JULY 21 Minor consolidation happened Wednesday to...

Mon June 26, 2023

Transport Avg breaking out to highest in nearly three months

TREND BULLISH - MINOR PULLBACK HAS NOT DONE MUCH DAMAGE DESPITE BEING DOWN 5 OF THE LAST 6 DAYS.  MEANINGFUL SUPPORT SHOULD MATERIALIZE BETWEEN 4275-4320 S&P has now declined 5...

Thu June 8, 2023

DJ Transportation Avg. & NYSE AD line have also broken out

TREND BULLISH - EXPECT RALLY UP TO SPX 4325 BEFORE POSSIBLE MINOR STALLOUT.  PULLBACKS SHOULD BE BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH IN JUNE. A late day rally let...

Wed May 17, 2023

Range breakout should drive SPX to 4200+ as Debt Ceiling negotiation gains steam

TREND HAS IMPROVED WITH WEDNESDAY’S BREAKOUT; EXPECTING SPX RALLY ABOVE 4200 IS UNDERWAY WITH WEDNESDAY’S GAINS Wednesday’s range breakout seems to be occurring directly on signs of the Debt ceiling...

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...

Tue March 14, 2023

March Madness is officially here

Tuesday brought about a very strong initial advance that brought SPX up to the key 3928 level, but failed to finish above this level at the close.  DJIA also failed...

Tue January 17, 2023

Upticks - January 2023

HAPPY NEW YEAR TO ALL! UPDATE 2023 has gotten underway with a far more robust rally than many were expecting to kick off the new year.  Some of this has...

Wed January 4, 2023

If Fed allows financial conditions (FCI) to ease, stocks could post double-digit gains in 2023...FCI matters more than Fed funds. Industrials, Discretionary, and Technology most levered to easing of FCIs

As markets look ahead to 2023, putting the awful 2022 behind, the plurality of investors are neither bullish nor bearish, but rather are "biding their time" until market visibility improves....

Thu December 8, 2022

Upticks - December 2022

HAPPY HOLIDAYS TO ALL ! UPDATE 2022 has been a challenging year for many investors with most having clearly held onto Technology stocks too long before finally abandoning in May...