Wed May 17, 2023

Range breakout should drive SPX to 4200+ as Debt Ceiling negotiation gains steam

TREND HAS IMPROVED WITH WEDNESDAY’S BREAKOUT; EXPECTING SPX RALLY ABOVE 4200 IS UNDERWAY WITH WEDNESDAY’S GAINS Wednesday’s range breakout seems to be occurring directly on signs of the Debt ceiling...

Tue May 9, 2023

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,...

Mon March 27, 2023

Crude oil entering best three-month stretch of the year

SPX, DJIA and NASDAQ remain largely range-bound near-term as part of their uptrend from 3/13.  This sideways “grind” in prices isn’t necessarily bearish; However, a move back above QQQ-314 and...

Tue February 21, 2023

Low volume SPX decline nearing support

The near-term decline in SPX has now closed in on important support, which should likely provide a possible low to this pullback sometime over the final three days of this...

Thu January 26, 2023

Discretionary extending run after breakout vs. Staples

Markets have ground higher in a way that seems perplexing to most investors who don’t utilize technical analysis.  While many are concentrating on earnings, or the endgame for Fed rate...

Wed January 18, 2023

Defensive groups not offering much Safety as stocks and bond yields break down in tandem

Over the last few days it’s been discussed how markets were nearing resistance.  Yet, is it correct to think that “bad news” was truly bad news for stocks if rates...

Fri November 25, 2022

Defensive groups showing near-term outperformance

1 year ago Members Only: FSI Macro and FSI Pro LIVE Technical Stock Analysis - November 2022 Wondering where your stocks are headed into the year-end? Please join us for...

Tue September 27, 2022

Defensives give way again, as Technology holds strong

1 year ago Members Only: FSI Macro and FSI Pro LIVE Technical Stock Analysis - September 2022 Speaker: [Mark] Mark L. Newton, CMT AC Head of Technical Strategy Watch the...

Tue July 26, 2022

Discretionary looks close to bottoming out vs. Staples

The stall out and pullback in US Equities has accelerated further given $WMT’s profit warning and subsequent 8% + drop on Tuesday.  $NDX has taken the lead on this decline...