Fri April 12

Financials nearing short-term support but selectivity remains key

THIS WEEK’S SELLOFF LOOKS TO BE NEARING IMPORTANT SUPPORT HEADING INTO NEXT WEEK WHICH SHOULD ALLOW FOR SOME STABILIZATION AND A SNAPBACK RALLY INTO LATE APRIL AND THE MONTH OF...

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...

Tue October 31, 2023

Trick Or Treat from the FOMC? Equity rally will accelerate short-term if early Oct. lows are recouped

SPX AND QQQ VERY WELL COULD HAVE BOTTOMED LAST FRIDAY ON A PERFECT 3-MONTH ANNIVERSARY TO THE PEAKS FROM LATE JULY.  HOWEVER, AS DISCUSSED IN RECENT DAYS, INDICES REQUIRE A...

Mon October 16, 2023

Top Insurance names to consider after attractive breakout

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 May 11, 2023

May 2023 Upticks

UPDATE April certainly brought about some surprises, and it’s no stretch to say investing has become a bit more difficult in the last month, despite S&P having risen five of...

Wed April 26, 2023

Regional Banks will take a bit more time to bottom out

Broad-based selling gripped SPX for a second straight session as 410 of the 500 SPX names fell in trading, and SPX has now given up around 25% of its prior...

Wed February 22, 2023

February 2023 Upticks

NOTE: THIS UPTICKS REPORT WILL BE IN REPLACE OF MY DAILY TECHNICAL STRATEGY PIECE TODAY (2/22/2023). UPDATE US Equity markets continue to be caught in a tug-of-war between bulls and...

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...

Thu September 8, 2022

Short-term Bounce underway into next week

A short-term bounce looks to be underway in US Equities that likely carries prices higher into 9/14 and should reach at least 4125-4150.  Following a rally into mid-month, a few...

Fri March 4, 2022

Precious Metals start to shine, while Financials lie at key levels

This past week’s decline marks the sixth straight week of weakness out of the last nine weeks.  However, as has been discussed, price action has actually held up remarkably well...