Wed January 24

What TSLA’s cycle says about a potential bottom

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS NOT YET BEEN FOLLOWED BY SIMILAR MOVEMENT FROM RUSSELL 3K, VALUE LINE AVERAGE, AND DJ TRANSPORTATION AVG, AND THIS DIVERGENCE WILL...

Tue January 23

Are the Defensives coming back to life?

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS NOT YET BEEN FOLLOWED BY SIMILAR MOVEMENT FROM RUSSELL 3K, VALUE LINE AVERAGE, AND DJ TRANSPORTATION AVG, AND THIS DIVERGENCE WILL...

Thu January 18

Technology’s dominance can only carry so far

NEAR-TERM TRENDS APPEAR CHOPPY, DESPITE NASDAQ HAVING PUSHED BACK TO NEW ALL-TIME HIGH TERRITORY ON THURSDAY.  TECHNOLOGY’S DOMINANCE HAS BEEN A HUGELY SUCCESSFUL FACTOR IN HELPING TO BUOY INDICES DESPITE...

Mon November 13, 2023

CPI data looks important as a catalyst given technical resistance

SPX AND QQQ HAVE BOTH STALLED OUT, YET NO PROOF IS YET EVIDENCE THAT PRICE IS TURNING DOWN.  IT’S THOUGHT THAT TUESDAY’S CPI REPORT COULD BE A KEY CATALYST WHICH...

Mon October 2, 2023

Large-Cap Technology resilience helping US Equity market

US EQUITY MARKETS ARE LIKELY IN A BOTTOMING PROCESS, AND I FEEL THAT TIME-WISE, LOWS COULD LIKELY BE IN PLACE SOMETIME THIS WEEK.  ONE CAN’T RULE OUT A RETEST OF...

Wed September 27, 2023

Short-term Bottom?  Follow-through is needed & Rates need to peak

US EQUITY MARKETS ARE LIKELY TO SHOW A SHORT-TERM LOW BY END OF WEEK/MONTH/QUARTER.  THE ABILITY OF QQQ TO RECAPTURE AUGUST LOWS WHILE SHOWING A TD BUY SETUP COULD BE...

Thu September 14, 2023

Is Utilities strength in a rising Rate environment sending a warning?

US EQUITY INDICES AND TREASURY YIELDS REMAIN QUITE CHOPPY, BUT IT’S THOUGHT THAT SPX AND QQQ STALL OUT AND MIGHT REVERSE BEFORE EXCEEDING 9/1 PEAKS (SPX-4541.25, QQQ-380.83) TREASURY YIELDS LOOK...

Tue August 15, 2023

Lows have proven elusive but Tech is holding up relatively strong

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL LOW, BUT THUS FAR HAVE NOT TURNED ACCORDING TO PRE-ELECTION YEAR AUGUST SEASONALITY NOR DEMARK’S COMPLETED TD BUY SETUPS.  WHILE TUESDAY’S CLOSE CERTAINLY...

Thu July 20, 2023

Defensives finally strengthening as key Cycle date nears

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4600 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

Thu May 25, 2023

Bifurcated market worth paying close attention to

TREND STILL BULLISH- EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 -ANY BREAK OF 4104 WOULD TURN TREND SHORT-TERM BEARISH Technology yet again has begun to dominate market performance and has begun...

Mon April 17, 2023

Stocks up 65% of the past 20 trading days, highest since Nov 2021, and a reason it is starting to "feel like a bull market." We expect 1Q23 EPS to exceed expectations, likely 2H23 trough in EPS = supporting strengthening breadth.

The S&P 500 is up 8% YTD (~+20% in the past 6 months) and at this pace, is annualizing returns of ~30% -- that is not our forecast. And as...

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...