Tue March 5

Small-caps still facing difficulties, despite SMCI performance

TUESDAY’S SPX DECLINE DOESN’T CAUSE ANY TECHNICAL DETERIORATION IN THE NEAR-TERM UPTREND AS TECHNOLOGY LARGELY WAS RESPONSIBLE FOR THE EARLY DECLINE WHICH GREW A BIT MORE SERIOUS AS THE DAY...

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...

Wed July 26, 2023

Industrials and Banks save the day despite Tech weakness post FOMC

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

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...

Thu March 9, 2023

Financials breakdown vs SPX will lead to further underperformance

The worse-than-expected Jobless Claims number Thursday (211k vs. 195k expected) caused a big Treasury rally but failed to lead stocks higher, given the big decline seen in bank stocks led...

Wed March 2, 2022

Treasury yield reversal looks important - Regional banks favored

US Equity rally extending and should reach February highs before stalling outBoth Industrials & Materials seem to be kicking into gear given the commodity boomTreasury yields look to be making...