Mon April 22

Lows in momentum/breadth are here, but price might take another 1-2 days

I FEEL THAT LOWS ARE CLOSE IN US EQUITIES, BUT THAT MONDAY’S FINISH DIDN’T ACCOMPLISH ENOUGH TO THINK THAT THE “COAST IS CLEAR” JUST YET.  HOWEVER, BOTH BREADTH AND MOMENTUM...

Wed November 9, 2022

Crypto carnage looks to extend in the short run

Thursday’s CPI report could be the most volatile time this week, with SPX at-the-money straddles pricing in a 2% move.  As discussed, the hyper-weakness in Technology combined with the uptick...

Wed September 14, 2022

Growth likely to weaken further into early Oct vs Value

The minor snapback Wednesday wasn’t unexpected given historical data concerning trading activity directly following a 4% decline.  However, Tuesday’s huge downdraft looks to have paved the way for an upcoming...

Tue August 23, 2022

Energy stocks have diverged sharply from WTI Crude

The selloff which began last Tuesday does not yet look complete, but I’m expecting this will be finished by this Friday into Powell’s Jackson Hole speech.  Given the extent of...

Mon July 25, 2022

Defensives gaining ground as Technology weakens

The near-term could prove choppy for US Equities heading into this week’s FOMC meeting.  While there was some definite evidence late last week of $SPX, $QQQ stalling out as Technology...

Thu June 16, 2022

Growth, FAANG holding up as washout nears capitulation

SPX about-face has taken prices to right above key intermediate-term support  FAANG stocks like AMZN, NFLX, MSFT, AAPL have begun to outperformGrowth has held up over May lows vs. Value...

Thu May 12, 2022

Treasuries look to be bottoming out

Good Evening, Thursday’s decline might be getting a bit stretched, but even short-term lows likely won’t materialize until early next week & should prove brief – Downtrend very much...

Thu February 24, 2022

Sell the Rumor, Buy the News

Thursday’s sharp reversal looked like a positive, likely marking the start of a bottoming process for US stocks just as the Russian invasion has gotten underwayTechnology led on the rebound,...

Tue October 19, 2021

Factor Investing: Part 1

:Our Factor Investing Model will be based on 5 common factors (value, quality, low volatility, momentum and size). During 3Q 2021, momentum did well while the other factors were flat...