Fri May 3

Technology on much better footing after AAPL’s confirmed breakout

EQUITIES HAVE SHOWN EVIDENCE OF TURNING BACK HIGHER TO END THE WEEK FOLLOWING CONFIRMED BREAKOUTS IN AAPL ALONG WITH INITIAL EVIDENCE OF BOTH TREASURY YIELDS AND US DOLLAR TURNING LOWER. ...

Thu April 25

Technology looks to be turning higher, despite higher rates

THE RALLY WHICH STARTED MONDAY LIKELY SHOULD CARRY SPX BACK TO 5400.  A FIVE-WAVE ADVANCE HIGHER REPRESENTED THE FIRST REAL POSITIVE STRUCTURAL EFFORT OFF THE LOWS, AND BOTH US DOLLAR...

Mon April 22

Lows in momentum/breadth are here, but price might take another 1-2 days

I FEEL THAT LOWS ARE CLOSE IN US EQUITIES, BUT THAT MONDAY’S FINISH DIDN’T ACCOMPLISH ENOUGH TO THINK THAT THE “COAST IS CLEAR” JUST YET.  HOWEVER, BOTH BREADTH AND MOMENTUM...

Tue April 9

AAPL selloff looks complete.  Expecting sharp rally back higher

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...

Mon March 18

SOX down to technical support ahead of NVDA’s AI Event

CATCH ME ON CNBC SQUAWK BOX TUESDAY MORNING  3/19 AT 8:50 AM. EST DISCUSSING NVDA AND MARKET TECHNICAL. https://vimeo. com/924807246/779d571c8c? share=copy I CONTINUE TO SEE THE US STOCK MARKET AS...

Fri March 8

Defensive sectors starting to gain traction

FRACTIONAL LOSS THIS WEEK REPRESENTS ONLY THE THIRD WEEKLY LOSS OUT OF THE LAST FOUR-AND-ONE-HALF MONTHS FOR SPX AND NASDAQ, WHILE VALUE LINE’S FRIDAY LOSS PREVENTED THIS FROM REACHING NEW...

Mon January 22

NVDA, MSFT outperformance will hopefully start to broaden out

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS CAUSED SOME CONCERN TO THOSE WHO STUDY HOW MUCH TECHNOLOGY HAS DOMINATED IN RECENT WEEKS TO THE DETRIMENT OF MANY OTHER...

Wed January 3

Recent Selling looks nearly complete; Expecting rally back above SPX 4850

TECHNICALLY, OUR RECENT THREE-DAY SELLOFF LIKELY MARKS AN ATTRACTIVE OPPORTUNITY FOLLOWING THE HUGE RUN-UP INTO LATE DECEMBER.  SPX LOST NEARLY 90 POINTS FROM ITS LATE DECEMBER PEAKS, YET TECHNICALLY, TRENDS...

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...

Wed November 1, 2023

Short-term Equity and Treasury lows are in place, but intermediate-term challenges remain

SPX AND QQQ HAVE MADE THEIR SHORT-TERM BOTTOM AS OF LAST FRIDAY AND ARE NOW LIKELY ON A THREE-WAVE BOUNCE INTO LATE NEXT WEEK.   INTEREST RATES CAN DROP FURTHER INTO...