Fri April 5

Surveying Financials Sector ahead of Bank earnings next week

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...

Fri April 5

Stocks Pull Back Heading into Next CPI Release

Good evening, Fundstrat Head of Research Tom Lee has repeatedly told readers that we are in a “buy the dip” regime, and this week the market presented investors with the...

Tue October 17, 2023

Financials’ progress serving as a bigger bullish development for US Equities than rising yields at present

US EQUITY MARKETS LIKELY HAVE BEGUN THEIR TREK BACK TO TEST JULY 2023 HIGHS.  BOTH US DOLLAR ALONG WITH TREASURY YIELDS ARE LIKELY TO SHOW FURTHER DETERIORATION IN OCTOBER, BUT...

Thu October 5, 2023

Transports, Regional Banks, and Small-caps might all bottom by mid-October

US EQUITY MARKETS SHOULD BE NEARING AN AREA OF SUPPORT, AND TREASURY YIELDS AND MORE MEANINGFUL RALLIES MIGHT BEGIN FOR BOTH EQUITY INDICES AND TREASURIES STARTING NEXT WEEK, POTENTIALLY COINCIDING...

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 July 13, 2023

Banks have turned more positive heading into Earnings

TREND BULLISH- EXPECT RALLY UP TO SPX 4515-25, AND ABOVE TO NEAR 4550-65 INITIALLY INTO NEXT FRIDAY, WHILE QQQ’S MOVE ABOVE 376 MIGHT HELP THIS REACH 380.  NO EVIDENCE OF...

Thu June 22, 2023

Regional Bank decline looks overblown

TREND BULLISH- EXPECT THAT THIS WEEK’S MINOR WEAKNESS IS BUYABLE INTO END OF WEEK FOR A PUSH BACK TO NEW MONTHLY HIGHS INTO MID-JULY.  UNDER SPX-4300 REPRESENTS THE FIRST SIGN...

Fri May 12, 2023

Precious metals correction should be nearly complete

SPX TREND STILL BULLISH- EXPECTING UPCOMING PUSH NEXT WEEK ABOVE SPX-4200. Dips have support at 4080-90. The relentless churning in US Equities continues.  While this past week has proven to...

Tue April 11, 2023

Minor weakness in Tech being offset by Strength in Financials

RECENT STALLING OUT IN INDICES HASN’T SHOWN ANY REAL SIGNS OF TURNING DOWN SUFFICIENTLY TO SUGGEST US EQUITIES ARE ROLLING OVER into this week’s economic data.  Small high to low...

Fri March 24, 2023

Minor stabilization in Banks a positive, but more is needed

It remains difficult to have conviction on the near-term direction of SPX, DJIA and QQQ.  Prices have stalled in all three into end of week, and remain trending down in...

Mon March 20, 2023

Stabilization and rally in the Banks looks likely post FOMC meeting

Similar to last week’s gains, seeing lopsided participation out of the Cyclicals while Tech is largely absent does not equate to the market being vulnerable.  Conversely, if late 2021 taught...

Mon March 13, 2023

Healthcare springs to life as Financials nose-dive

The SPX’s near-term decline is ongoing, regardless of some brief stabilization attempts on Monday.  While US indices are now in the window for a possible change of trend, more upside...