Mon June 12, 2023

Energy trade requires patience after WTI Crude trend violation

TREND BULLISH- NO EVIDENCE OF ANY DETERIORATION IN SPX NOR QQQ.  TRENDS REMAIN POSITIVE AND DIPS SHOULD BE BUYABLE BARRING A BREAK OF $4200, WHICH IS NEAR-TERM SUPPORT Monday’s early...

Fri June 9, 2023

Strength in stocks YTD is explained by better fundamentals + drop in VIX. And now 26 groups are in solid positive trend (vs 4 a month ago). Next week remains one of most critical of 2023.

The upside breakout in equities puts the S&P 500 near 4,300, a key round number and near the August 2022 highs (4,325). Our base remains that S&P 500 will gain...

Thu May 25, 2023

Bifurcated market worth paying close attention to

TREND STILL BULLISH- EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 -ANY BREAK OF 4104 WOULD TURN TREND SHORT-TERM BEARISH Technology yet again has begun to dominate market performance and has begun...

Fri May 19, 2023

Expecting Push up to SPX-4250-4325 into 5/27-5/28

TREND STILL BULLISH- EXPECTING UPCOMING PUSH UP TO SPX-4250-4325 INTO 5/27-28 Friday’s reversal isn’t too meaningful and generally the SPX breakout should extend higher into next week into 5/27-28.  This...

Wed May 17, 2023

Range breakout should drive SPX to 4200+ as Debt Ceiling negotiation gains steam

TREND HAS IMPROVED WITH WEDNESDAY’S BREAKOUT; EXPECTING SPX RALLY ABOVE 4200 IS UNDERWAY WITH WEDNESDAY’S GAINS Wednesday’s range breakout seems to be occurring directly on signs of the Debt ceiling...

Fri May 5, 2023

As regional banks pressures spread, S&P 500 faces headwinds. But look for possible near-term bottom of banks (per Newton). April Jobs and CPI are next 2 key data points.

At the start of the week, I was hopeful that the combination of Fed decision day (5/3) and soft readings on labor (JOLTS, employment report) would cause markets to constructively...

Tue May 2, 2023

LIVE Technical Stock Analysis May 2023

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute of analysis) and consider several...

Mon May 1, 2023

Arguably, this coming week most critical to our positive equity 2023 thesis. April ISM might be inflection = tactically favor Industrials $XLI this week. Plus, May FOMC might be last hike of cycle = thesis changing.

This is the most hated 7-month, 20% rally ever. This coming week is arguably the most critical to our positive equity thesis in 2023. The S&P 500 is up 9%...

Thu April 27, 2023

SPECIAL REPORT: Oct likely bottom, but catalyst remains Fed. What works remainder of 2023. Webinar today at 2pm ET

Reminder, tune in today for an important webinar. View our presentation deck HERE. We are publishing a special report today highlighting why we believe Oct 12, 2022 was the low...

Mon April 17, 2023

Stocks up 65% of the past 20 trading days, highest since Nov 2021, and a reason it is starting to "feel like a bull market." We expect 1Q23 EPS to exceed expectations, likely 2H23 trough in EPS = supporting strengthening breadth.

The S&P 500 is up 8% YTD (~+20% in the past 6 months) and at this pace, is annualizing returns of ~30% -- that is not our forecast. And as...

Wed April 12, 2023

We view any equity weakness (possible) post-March CPI as chance to BTD given magnitude of "trapped bears" and softening inflation trends

On the eve of the March CPI report (released on 4/12 at 8:30am ET), few investors have conviction on what to expect from the actual report -- in other words,...

Wed April 5, 2023

Defensive trading dominates as Pharma, & Utilities break out

Similar to Tuesday’s mild “down day,” Wednesday’s pullback failed to show sufficient deterioration to expect much follow-through just yet. The key driver of this rally, Technology, has not given much...