Yesterday’s SPX Headwinds Could Be Tomorrow’s Tailwinds
Amid a shortened trading week with the market being closed on Good Friday, the S&P 500 Index (SPX—5,254.35) eked out another weekly gain...
01Apr
25Mar
VIX Signal Helps Build Bullish Case
“…there has not been a short-term technical breakdown in the SPX, which is still above the 5,000-millenium level as well as its 30-day...
18Mar
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04Mar
Market Continues to Brush Off Cautious Sentiment
Last week brought a long list of economic reports, from data on inflation (core personal consumption expenditures (PCE) prices) to personal income and spending,...
26Feb
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20Feb
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12Feb
What to Watch After S&P 500's Breakout
<p>“…<em>short interest hit a multi-year high in December, with evidence of covering activity in recent weeks that I anticipated would be supportive of the market. I would imagine short covering is still supporting the market, as the SPX easily sliced through a level of potential resistance at 4,940 last week....
05Feb
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29Jan
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22Jan
New SPX Trendline Builds Bullish Case
<p style="margin-left: 40px;">“<em>The good news: After the S&P 500 Index (SPX — 4,783.83) crossed below its 20-day moving average in the first week of 2024, it took only two trading days for the index to rally back above it…The not so good news: the SPX’s inability to slice through...