Tue June 6, 2023

Biotechnology starting to lead within Healthcare

TREND BULLISH - EXPECT RALLY UP TO SPX 4325 BEFORE POSSIBLE MINOR STALLOUT;  PULLBACKS SHOULD BE BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH IN JUNE. A continued broadening out in...

Mon June 5, 2023

Equal-weighted SPX breakout looks bullish for broader market recovery

TREND BULLISH- EXPECTING THAT SPX-4325 MIGHT PROVE TEMPORARY STOPPING POINT ONLY AND PULLBACKS SHOULD BE BUYABLE FOR RALLY INTO LATE JUNE A few important technical developments occurred over the past...

Fri May 26, 2023

It’s a tale of two markets, and right now, Technology trumps all

TREND STILL BULLISH, SPX IS EXPECTED TO PUSH UP TO 4235-4275, BEFORE CONSOLIDATION SETS IN; UNDER 4048 REQUIRED TO TURN TREND BEARISH “_It was the best of times, it was...

Mon May 22, 2023

Technology growing closer to resistance

TREND BULLISH- EXPECTING UPCOMING PUSH BACK ABOVE SPX-4250 TO 4275-4325 Monday brought about a minor stallout ahead of the post market close Debt ceiling discussion talk which is tentatively scheduled...

Mon May 15, 2023

Bank and Technology bounce should help drive SPX over 4200

TREND STILL BULLISH - EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 –No change on last week’s comments - Wave structure on a short-term basis remains constructive, and should lead SPX back...

Fri April 28, 2023

Breakout likely paves the way for Advance into mid-May

THERE WILL BE NO VIDEO TODAY, 4/28/2023. THANK YOU FOR YOUR UNDERSTANDING Thursday’s reversal looks important technically as a bullish development which can carry US Equity markets higher into the...

Mon April 24, 2023

Defensives continuing to gain traction over last few months

Despite the rally over the last four of five weeks for SPX, it sure hasn’t felt like it lately !!   SPX has largely ground sideways, with Monday’s 4137.03 close being...

Wed April 19, 2023

Medical Devices breakout should give Healthcare a further boost

I WILL NOT BE PUBLISHING FRIDAY, 4/21 DUE TO TRAVEL PLANS. THANK YOU FOR YOUR UNDERSTANDING. https://youtu. be/fJHwBQMR5v8 No evidence of any change of trend, and repeated attempts at taking...

Tue April 11, 2023

Minor weakness in Tech being offset by Strength in Financials

RECENT STALLING OUT IN INDICES HASN’T SHOWN ANY REAL SIGNS OF TURNING DOWN SUFFICIENTLY TO SUGGEST US EQUITIES ARE ROLLING OVER into this week’s economic data.  Small high to low...

Wed March 29, 2023

Natural Gas looks close to bottoming while Tech breaks out

Wednesday’s push higher looked positive for thinking Q1 can finish out the quarter on a positive note.  S&P and QQQ both rallied to levels not seen since early March.  463...

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...

Thu March 16, 2023

Technology saves the day again, as 2023 resembles late 2021

Thursday’s breakout in SPX and NASDAQ look technically significant, and suggest that the lows for this March decline likely were made this past Monday. Volume proved heavy with advance/Decline data...