This Rally Has No Legs
Happy New Year, everyone! For investors who are heavily weighted in U.S. stocks, we hope that 2024 is as good as 2023, a...
02Jan
26Dec
Recent S&P 500 Performance Likely Putting Off Bear Traders
“…total short interest is rolling over from the highest levels in more than a year. But the rollover is small, implying short covering...
18Dec
Enter the New Year with Caution Says Sentiment Indicators
“As the SPX probes its July peak, an obvious risk to bulls is a repeat of the late-July through late-October price action… one...
11Dec
2 SPX Strategies to Consider as 2023 Winds Down
“…note that SPX 4,606 now resides just overhead and is the site of the late-July intraday high before a correction into October. This...
04Dec
What November’s Gains Changed on the Sentiment Front
“…the SPX moved above a technical resistance level at 4,530 last week…the second potential level that I pointed out … came into play…That...
27Nov
Why SPX Pullbacks Could Be Buying Opportunities
“…despite the sharp V rally from the October lows, there are still multiple potential resistance levels that could come into play…The first is...
20Nov
Sideline Cash Ready to Extend Stock Rally
“…the SPX closed above its 80-day moving average that was supportive in August, as well as trendline resistance since the July peak, giving...
13Nov
Caution, Not Panic Is the Move for SPX Bulls
“... potential resistance resides immediately overhead at last month’s highs around 4,380. Trendline resistance connecting lower highs since late July comes into the week...
06Nov
Why You Should Purchase Portfolio Protection Now
“…the SPX broke below its 36-month, or three-year, moving average… this long-term moving average has proven to be historically important when evaluating it...
30Oct
Key Trendline Marks a Turning Point for S&P 500 Bulls
“A break of 4,225 support, however, would quickly put risk-reward in the bears’ favor from a technical perspective, as 4,225 would become potential...