The strength we saw in the early part of the shortened trading week petered out in the latter part of the week. But, it doesn't entirely matter. The bulls dealt their blow to the bears, and cleared a key hurdle in the process. Despite the fresh headwind, the bulls still have the edge here… for a couple of different reasons....
It remains to be seen if it's a good sign or bad, but traders are swapping out their favorite FANG stocks for other names…. the smaller, the better. The S&P 500 was up 1.3% on Wednesday, trailing the S&P 600 small cap index's 3.9% advance. The NYSE FANG Index, conversely, basically broke even in Wednesday's action. The relatively unmatched performances...
It remains to be seen if it's a good sign or bad, but traders are swapping out their favorite FANG stocks for other names…. the smaller, the better. The S&P 500 was up 1.3% on Wednesday, trailing the S&P 600 small cap index's 3.9% advance. The NYSE FANG Index, conversely, basically broke even in Wednesday's action. The relatively unmatched performances...
Our research team has become increasingly concerned that the US Fed support for the markets has pushed price levels well above true valuation levels and that a risk of a downside price move is still rather high. Recently, we published a research article highlighting our Adaptive Dynamic Learning (ADL) predictive modeling system results showing the US stock market was 12%...
Our research team has become increasingly concerned that the US Fed support for the markets has pushed price levels well above true valuation levels and that a risk of a downside price move is still rather high. Recently, we published a research article highlighting our Adaptive Dynamic Learning (ADL) predictive modeling system results showing the US stock market was 12%...
Last week was a winner. The S&P 500 gained an impressive 3.2%, in fact, touching the highest highs it's seen since early March. The move was problematic though, for a couple of different reasons. Not only is the market now uniquely vulnerable to at least a little weakness (that could turn into much more weakness), the S&P 500's advance was...
The marketwide rebound since the March 23rd low has been fairly indiscriminate. That's not to say every single sector, group, and region has rallied exactly the same. But, by and large, the rising tide has been lifting all boats to a similar degree. We're starting to see some divergence though… not just among sectors, but among market caps as well....
The marketwide rebound since the March 23rd low has been fairly indiscriminate. That's not to say every single sector, group, and region has rallied exactly the same. But, by and large, the rising tide has been lifting all boats to a similar degree. We're starting to see some divergence though… not just among sectors, but among market caps as well....
As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally. The SPY has traded near this level for the past three weeks and appears to be attempting a bit of an...
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