The headline would have been a small loss, but S&P 500 action over the past week and a bit have been for an index running alongside upper channel resistance, looking ready to break...
Last weekend, I questioned whether a crash is still set up for much later this year. And the answer is, "Of course." This week, I question the opposite - that is, can we still get...
Over the last several weeks, see here and here, we were looking for the S&P 500 to ideally top around $4505+/-5 based on the Elliott Wave Principle (EWP) standard Fibonacci-impulse...
It wasn't a cavalry charge, but buyers stepped in to break the two days of selling in the Nasdaq and Russell 2000. While buying volume was relatively light compared to last week's...
This is one of the most popular and yet misleading charts in macro. People like simple narratives: the Fed is ''pumping money'' into the ''system,'' and that's why equity markets...
Last week, Friday's selling in the Russell 2000 (IWM added to Thurday's down day, and volume rose in confirmed distribution. This built on the Wednesday doji and its reversal...
Microsoft, Alphabet, Meta Platforms, and Amazon report earnings next week, with Apple scheduled for the following week. ‘FAAMG’ profit, revenue growth, guidance updates...
Including channel resistance in charts can be a bit of a mixed blessing. On one hand, it gives an indication as to when sellers can be expected to make an appearance in a rally. On...
U.S. stock market has outperformed other markets in the last 15 years, but this has not always been the case Which is why diversification across geographical areas is critical Some...
A bright start to the week has given bulls a vital advantage, although trading volume remained light overall. Since the breakouts happened in early July, I would now be looking for...