Mon May 6

Equal-weighted S&P 500’s breakout gives reason for optimism

EQUITIES HAVE EXTENDED GAINS AND REMAIN IN A NEW SHORT-TERM BULLISH UPTREND AS PART OF INTERMEDIATE-TERM UPTRENDS WHICH NEVER WAVERED DURING THE RECENT THREE-WEEK DECLINE.  WHILE MORE EVIDENCE OF FALLING...

Mon March 25

WTI Crude likely lifts to the high $80’s which should aid Energy’s rally into 2Q

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...

Thu February 8

Recent sub-par breadth won’t matter if Healthcare, Financials keep rising

DIVERGENCE BETWEEN THE TOP PERFORMING STOCKS WITHIN TECHNOLOGY AND THE BROADER MARKET COULD EVENTUALLY LEAD STOCK INDICES TO CONSOLIDATE.  YET, CURRENTLY, WE’RE SEEING THE OPPOSITE, AS GROUPS LIKE INDUSTRIALS AND...

Thu December 21, 2023

Clean Energy has been benefiting as interest rates have fallen

TECHNICALLY, THE NEAR-TERM PATTERN REMAINS STRETCHED TO THE UPSIDE AND IT’S HARD TO YET DECLARE THAT WEDNESDAY’S QUICK DECLINE WAS JUST A ONE-DAY EVENT.  PULLBACKS INTO FRIDAY OF THIS WEEK...

Wed December 6, 2023

What to make of multiple European indices clawing back to new highs

US EQUITIES AND TREASURIES LOOK TO BE NEAR RESISTANCE, WHILE THE US DOLLAR INDEX HAS BEGUN TO RALLY.  A MAJORITY OF THE MAJOR SECTORS ARE ALSO NOW RIGHT NEAR MEANINGFUL...

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...

Tue September 12, 2023

Software pullback should prove short-lived within Technology

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...

Wed August 30, 2023

Energy likely outperforms in September

US EQUITIES HAVE NOW RETRACED MORE THAN 61.8% OF PRIOR DECLINE FROM LATE JULY AND HAVE SHOWN NO EVIDENCE OF TURNING DOWN.  YIELDS HAVE SLOWED THEIR DESCENT, WHILE THE US...

Wed August 9, 2023

Energy still strengthening, while Natural Gas has finally broken out

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL LOW WHICH LIKELY HAPPENS BETWEEN NOW AND EARLY NEXT WEEK.  US DOLLAR AND US TREASURY YIELDS LOOK TO BE ON THE VERGE OF...

Tue July 11, 2023

Energy breakout makes this sector a lot more appealing

TREND BULLISH - EXPECT RALLY UP TO SPX 4550 INTO JULY EXPIRATION.  A LOWER THAN EXPECTED CPI PRINT COULD HELP SPX SURPASS 4458 WHICH WOULD HELP JUMPSTART THIS MOVE. Overall,...

Wed July 5, 2023

Energy strengthening short-term; Yet more needed for long-term conviction

TREND BULLISH- EXPECT RALLY UP TO SPX 4500 AND QQQ 395 BEFORE POSSIBLE STALLOUT; PULLBACKS BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH INTO JULY 21 Minor consolidation happened Wednesday to...

Tue June 20, 2023

Bitcoin technical strength could spur on Crypto rally into July

TREND BULLISH-MINOR WEAKNESS NEAR HIGHS OF THE RECENT TREND CHANNEL DOESN’T LOOK TOO SERIOUS.  PULLBACKS SHOULD BE BUYABLE FOR ADDITIONAL STRENGTH INTO LATE JUNE. SPX showed some brief evidence of...