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...

Thu November 16, 2023

Crude Oil begins its descent into late November OPEC meeting

NEAR-TERM TREND FOR US EQUITIES IS BULLISH, BUT GETTING EXTENDED AS PART OF NEGATIVE MOMENTUM CONDITIONS ON WEEKLY AND MONTHLY CHARTS.  TREASURY YIELDS AND US DOLLAR MIGHT WEAKEN INTO US...

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...

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...

Mon July 31, 2023

Copper breaks out while Crude nears initial upside target

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT MIGHT VERY WELL PROVE SHORT-LIVED AND NOT UNDERCUT 4500 RIGHT AWAY.  8/7-8/9 LOOKS IMPORTANT FOR A POSSIBLE TURN.  ULTIMATELY,...

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 June 9, 2023

Stocks Officially Enter New Bull Market

“A lot of people, when they get negative on the market, put 50% in cash, but unfortunately a lot of times when you get to that position, it’s just about...

Wed June 7, 2023

Financials and Energy strength are encouraging for SPX rally

TREND BULLISH- EXPECT RALLY UP TO SPX 4325 INTO END OF WEEK BEFORE POSSIBLE MINOR STALLOUT; PULLBACKS SHOULD BE BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH IN JUNE. Wednesday’s minor...

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...