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...
04Dec
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...
23Oct
If the Stock Market is Going to Right Itself, the Time is Now
“The short-term technical outlook is neutral, as potential resistance overhead and support below are almost equidistant …the risk of delta-hedge selling begins if...
16Oct
2 SPX Levels to Watch Now That Pessimism Has Peaked
“… I think if we are on the verge of an unwind of pessimism, immediate overhead technical resistance levels, such as 4,330, or...
09Oct
Bulls Made Their Stand: Will They Keep Control?
“Last week’s SPX low was at 4,239, or only 14 points above the top end of a potential support range between 4,190 and...
02Oct
Hedge Funds Haven’t Made a Bet This Big in 5 Years
“…based on continuation moves immediately following bull and bear gaps in 2023, Thursday’s gap lower suggests selling in the immediate days ahead…With the...