Fri April 26

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...

Tue April 23

Technical low likely in place; Favor Technology, Industrials along with a snapback in Healthcare

IN TUESDAY’S SESSION, SPX AND QQQ HAVE RALLIED SUFFICIENTLY TO THINK THAT A SHORT-TERM LOW SHOULD BE IN PLACE, WHICH COULD LEAD BACK TO NEW HIGH TERRITORY.  THIS IS BASED...

Mon April 1

Materials sector raised to Overweight as commodity rally gains momentum

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...

Mon March 11

Key points to reiterate into CPI

CATCH ME ON FOX BUSINESS NEWS WITH MARIA BARTIROMO, TUESDAY MORNING (3/12) AT 8:20 AM EST - 9 AM, DISCUSSING TECHNICAL TRENDS ALONG WITH CPI. https://vimeo. com/922249851/592d2a1b34? share=copy I CONTINUE...

Wed February 7

4Q23 EPS: 4 reasons EPS results are better than appears on surface, including potential China bottom.

VIDEO: We discuss 4 factors that suggest 4Q23 EPS season stronger than many realize. Please click below to view our Macro Minute (duration: 3:56). https://vimeo. com/910601604/8c4b44e130? share=copy This week will...

Tue February 6

Europe and China both look to be close to temporary outperformance vs. US

DIVERGENCE BETWEEN THE TOP PERFORMING STOCKS WITHIN TECHNOLOGY AND THE BROADER MARKET CONTINUES TO BE ONE OF THE MOST DISCUSSED TOPICS OF 2024.   PERFORMANCE DISPARITY HAS REACHED EXTREME LEVELS.  YET,...

Fri January 19

SPX Breakout, or Fakeout?

SPX AND DJIA OFFICIALLY JOINED NASDAQ BACK AT NEW HIGHS, WHICH IS CERTAINLY A CONSTRUCTIVE MOVE FOR THESE INDICES.  HOWEVER, IT WILL BE THE ACT OF EQUAL-WEIGHTED S&P AND VALUE...

Tue January 16

Emerging markets likely to be pressured further as DXY rallies

NEAR-TERM TRENDS STILL APPEAR TO HAVE LIMITED UPSIDE, DESPITE TECHNOLOGY HAVING OUTPERFORMED IN A WAY THAT’S LARGELY HOLDING UP INDICES LIKE SPX AND QQQ TO THE DETRIMENT OF EQUAL-WEIGHTED INDEX...

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 November 14, 2023

US Equity indices achieve Breakout on very positive breadth

SPX, DJIA, RUSSELL 2000, DOW JONES TRANSPORTATION AVERAGE, AND THE EQUAL-WEIGHTED S&P 500 HAVE ALL JOINED QQQ IN BREAKING DOWNTRENDS FROM LATE JULY PEAKS.   NYSE BREADTH EXPANDED TO OVER 9/1...

Fri November 10, 2023

Despite underperformance to QQQ, Russell still premature to overweight

SPX AND QQQ LOOK TO BE PEAKING OUT FOLLOWING THE LAST 9 OF 10 DAYS OF RALLY, WHICH HAS BROUGHT QQQ UP TO FORMER PEAKS.  AS DISCUSSED PREVIOUSLY, TECHNOLOGY HAS...

Thu October 12, 2023

“Backing and Filling” has begun following first runup off Oct lows

US EQUITY MARKETS TECHNICALLY LOOK TO HAVE BOTTOMED AND ARE SLOWLY PROGRESSING OFF EARLY OCTOBER LOWS.  BOTH US DOLLAR ALONG WITH TREASURY YIELDS HAVE BACKED OFF IN RECENT DAYS FOLLOWING...