Wed July 26, 2023

Industrials and Banks save the day despite Tech weakness post FOMC

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

Thu July 20, 2023

Defensives finally strengthening as key Cycle date nears

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4600 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

Wed July 19, 2023

Solar Energy starting to make a comeback

SPX STANDS A GOOD CHANCE OF PEAKING OUT IN THE FINAL DAYS OF JULY, WITH KEY TURN DATES POSSIBLE THIS FRIDAY, 7/21 AND/OR 7/24.  AT PRESENT, THE TREND IS STRETCHED...

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...

Fri April 28, 2023

April Closes Higher, S&P 500 Up 9% In 2023

Good evening: Trading is over for April, with the SPX up about 1.46% for the month and the Nasdaq up 0.04%, in line with historical norms. Although markets did not...

Tue March 21, 2023

Healthcare should start to “kick into gear”

SPX rally has successfully regained 4000 at a time when bearish sentiment indicators suggested few thought such a feat might be possible.  Technology’s comeback has been joined by a welcome...

Mon March 20, 2023

Stabilization and rally in the Banks looks likely post FOMC meeting

Similar to last week’s gains, seeing lopsided participation out of the Cyclicals while Tech is largely absent does not equate to the market being vulnerable.  Conversely, if late 2021 taught...

Fri March 17, 2023

“Metal Health will drive you mad” Further strength likely in Metals

Despite Friday’s drawdown, US Equity indices are higher on the week with the NASDAQ 100 having enjoyed the best week of the year.  Stocks like $AAPL broke out to new...

Thu March 16, 2023

Technology saves the day again, as 2023 resembles late 2021

Thursday’s breakout in SPX and NASDAQ look technically significant, and suggest that the lows for this March decline likely were made this past Monday. Volume proved heavy with advance/Decline data...

Fri March 10, 2023

Treasury rally has begun, and Gold/Silver stocks look appealing

Bottom line, the correction this week did cause some technical damage in trends, as both $SPX and $DJIA broke down to new monthly lows on the worst week since last...

Fri March 3, 2023

LIVE Technical Stock Analysis March 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...

Thu February 2, 2023

US breakout encouraging, but likely won’t move in a straight line

THE NEAR-TERM RALLY CONTINUES TO PRESS HIGHER, BUT LIKELY WILL FIND SOME SHORT-TERM RESISTANCE FRIDAY AND/OR MONDAY WHERE A MINOR CONSOLIDATION GETS UNDERWAY.  Short-term evidence of upside exhaustion is now...