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...

Fri February 2

Broadening out of market at new highs will be important

DIVERGENCE BETWEEN THE TOP PERFORMING STOCKS WITHIN TECHNOLOGY AND THE BROADER MARKET GREW EVER MORE EXTREME THIS PAST WEEK.  HOWEVER, THIS DOESN’T NECESSARILY IMPLY A LARGE SELLOFF IS IMMINENT.  A...

Wed January 24

What TSLA’s cycle says about a potential bottom

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS NOT YET BEEN FOLLOWED BY SIMILAR MOVEMENT FROM RUSSELL 3K, VALUE LINE AVERAGE, AND DJ TRANSPORTATION AVG, AND THIS DIVERGENCE WILL...

Tue December 5, 2023

AAPL strength helpful to markets despite all 11 sectors lower

NEAR-TERM TRENDS FOR US EQUITIES AND TREASURIES SEEM TO BE AT RESISTANCE, WHILE THE US DOLLAR INDEX HAS BEGUN TO RALLY.  A MAJORITY OF THE MAJOR SECTORS ARE ALSO NOW...

Fri December 1, 2023

SPX & many sectors have risen to levels that represent “Moment of Truth”

NEAR-TERM TRENDS FOR US EQUITIES MIGHT SEEM TO HAVE ACCELERATED ON FRIDAY’S POWELL SPEECH, BUT SPX REMAINS UNDER THE KEY 4600 LEVEL.  A MAJORITY OF THE MAJOR SECTORS ARE ALSO...

Wed November 29, 2023

Technology and Financials both nearing prominent resistance

Due to a technical issue, I was unable to show some of the charts in the video. The remainder of the charts can be found inside my report below. Sorry...

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...

Wed October 25, 2023

What’s needed to think a Market Low could be imminent, or is in place

BREAKDOWN IN SPX AND QQQ HAVE POSTPONED AN IMMEDIATE TECH-LED REBOUND, BUT EVEN AFTER WEDNESDAY’S WEAKNESS THE NEAR-TERM SELLOFF LIKELY DOES NOT HAVE MORE THAN 2-3 DAYS BEFORE FINDING AN...

Wed October 18, 2023

Gold has broken out of intermediate-term downtrends while TLT nears support

SPX LOOKS UNLIKELY TO BREAK 4200 RIGHT AWAY, AND RECENT SELLING PRESSURE SHOULD REPRESENT AN ATTRACTIVE RISK/REWARD OPPORTUNITY FOR US RISK ASSETS.  BOTH US DOLLAR ALONG WITH TREASURY YIELDS HAVE...

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...

Tue August 22, 2023

Can NVDA save the market?

US EQUITY AND TREASURY MARKETS LIKELY BOTTOM IN THE NEXT 1-2 WEEKS AND BREAKS OF CURRENT DOWNTREND LINES WOULD SUGGEST AN INITIAL BOTTOM IS IN PLACE.  AT PRESENT, INSUFFICIENT TECHNICAL...