Mon June 26, 2023

Transport Avg breaking out to highest in nearly three months

TREND BULLISH - MINOR PULLBACK HAS NOT DONE MUCH DAMAGE DESPITE BEING DOWN 5 OF THE LAST 6 DAYS.  MEANINGFUL SUPPORT SHOULD MATERIALIZE BETWEEN 4275-4320 S&P has now declined 5...

Wed April 5, 2023

Aftershocks part 4: 1Q2023 EPS season will show whether economy or inflation broke. Fed running out of reasons to hike rates in 2023 given JOLTS/PCE/ISM/Dallas Survey.

SKIP MONDAY <– Easter SKIP TUESDAY Wednesday SKIP THURSDAY SKIP FRIDAY <– GOOD FRIDAY Based on my recent meetings, it is obvious institutional investors are waiting to see what broke...

Tue January 17, 2023

Upticks - January 2023

HAPPY NEW YEAR TO ALL! UPDATE 2023 has gotten underway with a far more robust rally than many were expecting to kick off the new year.  Some of this has...

Thu December 8, 2022

Upticks - December 2022

HAPPY HOLIDAYS TO ALL ! UPDATE 2022 has been a challenging year for many investors with most having clearly held onto Technology stocks too long before finally abandoning in May...

Wed November 9, 2022

Upticks - November 2022

UPDATE/INTRODUCTION History shows Sir Isaac Newton not only to have excelled as a mathematician and physicist, but also to be a skilled astronomer, alchemist, theologian, and author. Many who have...

Mon February 7, 2022

FB, GOOGL declines paint a grimmer picture than reality

Monday’s large-cap Technology weakness largely camouflaged the extent that technology was down, with XLK’s -0.66% far worse than Equal-weighted RYT’s -0.20% Ethereum’s two-week outperformance vs Bitcoin nearing its first real testCommodities...

Thu November 18, 2021

Communication Svcs violating support makes Media, Telecom, still areas to avoid

Technical Strategy Video: https://vimeo. com/647533513/8d2ae8cd18 QQQ push to new highs has not been followed by SPX. Breadth finished nearly 2/1 negative, and new lows are expanding; Momentum is diverging...

Fri July 2, 2021

Two All-Time Highs Across Indexes on Friday, Potential Headwinds for Markets in July Likely Followed by Strong 2H

SUMMARY - S&P 500 closes at another all-time high of 4,352.34 up from 4,280.70 last Friday. The DJIA inched closer to its May ATH and the Nasdaq hit an ATH....

Fri July 2, 2021

Delta Variant Likely Gives Market Transitory Panic, YE Target Increased to 4,600

SUMMARY - COVID-19 case trends have deteriorated as the Delta variant rises proportionally to existing strains. - Our central case is now that 10-15 states (those with lowest vaccination rates)...

Fri July 2, 2021

Delta variant likely gives market "transitory panic" in July. S&P 500 rally +100 to 4,400 then end month at 4,300

The positivity rate is now 2.2% and rising.  It had fallen to sub-2% for many weeks and is now curling upwards.  This is surely a sign that Delta variant, or...