Wed April 12, 2023

We view any equity weakness (possible) post-March CPI as chance to BTD given magnitude of "trapped bears" and softening inflation trends

On the eve of the March CPI report (released on 4/12 at 8:30am ET), few investors have conviction on what to expect from the actual report -- in other words,...

Wed April 5, 2023

Defensive trading dominates as Pharma, & Utilities break out

Similar to Tuesday’s mild “down day,” Wednesday’s pullback failed to show sufficient deterioration to expect much follow-through just yet. The key driver of this rally, Technology, has not given much...

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...

Mon April 3, 2023

Energy rally confirmed with WTI Breakout

The 2nd quarter got kicked off with some minor stalling out in many sectors, including Technology while both Energy and Healthcare surged.  Market breath finished flat, largely given Technology’s weakness...

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...

Mon March 27, 2023

Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses

The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the weekend, a Bloomberg article noted...

Wed March 15, 2023

Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a...

Tue March 14, 2023

March Madness is officially here

Tuesday brought about a very strong initial advance that brought SPX up to the key 3928 level, but failed to finish above this level at the close.  DJIA also failed...

Fri March 3, 2023

LIVE Technical Stock Analysis March 2023

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute of analysis) and consider several...

Fri February 17, 2023

Yield reversal results in late-day Equity recovery

The Equity decline over the last couple weeks has directly coincided with both US Dollar and TNX pushing higher.  THIS LOOKS CLOSE TO REVERSING NOW AS TREASURY YIELDS APPROACHED FORMER...

Fri February 10, 2023

Aerospace/Defense nears breakout while Energy picking up steam

The near-term technical structure has worsened a bit this week with the break of 4100.  While I ultimately expect any further pullback to prove mild and not undercut 3885 before...

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...