Mon July 17

US Equities might experience short-term correction starting this week

UPTREND LOOKS TO BE NEARING AN AREA OF POSSIBLE RESISTANCE THIS WEEK.  EXPECT RALLY UP TO SPX 4545-75 COULD MARK RESISTANCE AND ALLOW FOR MINOR PULLBACK TO GET UNDERWAY.  (WIDE...

Wed July 12

INTRADAY ALERT: June CPI report shows downside break in inflation = future path of Fed hikes likely lower = supports stocks

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES Today's June CPI was very good, showing a downside break in core inflation (core CPI) and hints of sustainable decline...

Wed July 12

The last two "meaningful" CPI positive surprises (Oct 2022 and Feb 2023) saw +4%-5% 5D rally = 180 to 225 points today. Thus, 100 point gain could be "low end" of a potential rally.

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ _TODAY'S NOTE WILL INCLUDE A SHORT VIDEO UPDATE. WE DISCUSS THAT OF THE LAST 8 CPI REPORTS, MARKETS HAD...

Mon July 10

Has “FANG” peaked out?  Don’t bet on it, but Small-caps could lead

TREND BULLISH - EXPECT RECENT CONSOLIDATION IS NEARLY COMPLETE & SPX BEGINS TO PUSH BACK HIGHER POST WEDNESDAY’S CPI PRINT The minor stalling out in US benchmark indices doesn’t appear...

Tue June 27

Russell 2k might outperform QQQ and SPY into mid-July

TREND BULLISH - PULLBACK LOOKS COMPLETE AND RAPID ASCENT HAS NEARLY RECAPTURED 50% OF ENTIRE PULLBACK FROM MID-JUNE.  AN UPCOMING TEST AND BREAKOUT OF JUNE HIGHS LIKELY Tuesday’s rally back...

Fri June 9

Strength in stocks YTD is explained by better fundamentals + drop in VIX. And now 26 groups are in solid positive trend (vs 4 a month ago). Next week remains one of most critical of 2023.

The upside breakout in equities puts the S&P 500 near 4,300, a key round number and near the August 2022 highs (4,325). Our base remains that S&P 500 will gain...

Wed June 7

So much gloom out there, yet the S&P 500 is up 12%. Sell-side "chasing stocks" higher but even after 9 target changes, only 5 Strategists see upside into YE. Softer inflation strengthens case for "dovish" June hike.

It is not an exaggeration to say investors just seem so gloomy. I don't have to look far. My twitter feed is full of doom and "don't chase stocks due...

Tue June 6

Biotechnology starting to lead within Healthcare

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 continued broadening out in...

Mon June 5

Equal-weighted SPX breakout looks bullish for broader market recovery

TREND BULLISH- EXPECTING THAT SPX-4325 MIGHT PROVE TEMPORARY STOPPING POINT ONLY AND PULLBACKS SHOULD BE BUYABLE FOR RALLY INTO LATE JUNE A few important technical developments occurred over the past...

Tue May 9

Small-caps should begin to bounce as Banks stabilize

TREND STILL BULLISH-  EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 - Last week’s rally looks to be undergoing some early week consolidation.  However, wave structure on a short-term basis remains constructive,...

Wed March 15

Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a...

Wed February 22

Are US PMIs bottoming? If so, Industrials gain >90% of the time with 12M returns 20-30%. 5 stocks + 3 ETFs. While seasonals and "hotter" economic data drive risk-off, Fed becoming "data dependent" historically leads to rising stocks despite higher rates.

Following several somewhat "hotter" data prints, markets are now moving back into the "higher for longer" camp, and in turn, markets are shifting into risk-off. We think this will prove...