Thu January 25

Small-cap divergence on SPX’s push to new highs worth watching

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS NOT YET BEEN FOLLOWED BY SIMILAR MOVEMENT FROM RUSSELL 3K, VALUE LINE AVERAGE, AND DJ TRANSPORTATION AVG, AND THIS DIVERGENCE WILL...

Tue November 28, 2023

Crude should begin to lift, while TNX nears support after big decline

NEAR-TERM TRENDS FOR US EQUITIES ARE BULLISH AND SHOULD REQUIRE CONSOLIDATION IN THE WEEKS TO COME FOLLOWING THEIR SHARP RALLIES FROM OCTOBER LOWS.  TREASURY YIELDS AND US DOLLAR SHOULD BE...

Tue November 7, 2023

Crude breakdown kicks off Nov decline and weakness possible until late month – Selectivity important

SPX AND QQQ HAVE SURGED ON ABOVE-AVERAGE BREADTH AND HAVE CARVED OUT IMPULSIVE RALLIES OVER THE PAST WEEK.  THIS IS LIKELY A POSITIVE FOR GAINS TO NEAR EARLY OCTOBER HIGHS...

Thu November 2, 2023

FSI Sector Allocation - November 2023 Update

Please CLICK HERE to download the November sector allocation report in PDF format. This past October, the stock market was significantly influenced by macroeconomic factors, particularly the rise in interest...

Tue October 24, 2023

Tech remains quite strong vs. SPX despite some mixed results

QQQ, DJIA AND SPX ARE RIGHT AT OCTOBER LOWS, AND SHOULD ATTEMPT TO MAKE A STAND THIS WEEK.  HOWEVER, THIS LIKELY DOES DEPEND ON STELLAR TECHNOLOGY EARNINGS ALONG WITH A...

Wed October 4, 2023

Energy nearing an attractive entry point after WTI Crude decline

US EQUITY MARKETS SHOULD BE NEARING AN AREA OF SUPPORT, AND TREASURY YIELDS AND MORE MEANINGFUL RALLIES MIGHT BEGIN FOR BOTH EQUITY INDICES AND TREASURIES STARTING NEXT WEEK, POTENTIALLY COINCIDING...

Fri September 15, 2023

ECB makes dovish turn, risk rallies… a harbinger to when that day arrives for Fed. Removing tactical OW of regional banks.

We discuss: It’s been a data heavy week, but the big news is ECB yesterday and it’s dovish impact on bond markets. Please click below to view today’s Macro Minute (Duration:...

Fri September 8, 2023

Headwinds now, but expect tailwinds to prevail in Sept. Upward revisions in profits strongest argument against recession.

We discuss: How headwinds of VIX, yields, apprehension are growing.  But tailwinds are emerging this month as well.  The most notable is EPS revisions inflected positive and along with other...

Tue September 5, 2023

OIH and XOP favored within Energy as Supply cuts help boost Crude

US EQUITY MARKETS HAVE STALLED OUT GIVEN US TREASURY YIELDS HAVING TURNED BACK UP SHARPLY; GIVEN RECENT CORRELATION TRENDS, THIS MIGHT PERSIST THIS WEEK BEFORE STOCK INDICES RALLY BACK.  ENERGY...

Tue July 11, 2023

Energy breakout makes this sector a lot more appealing

TREND BULLISH - EXPECT RALLY UP TO SPX 4550 INTO JULY EXPIRATION.  A LOWER THAN EXPECTED CPI PRINT COULD HELP SPX SURPASS 4458 WHICH WOULD HELP JUMPSTART THIS MOVE. Overall,...

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 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...