I sat down earlier tonight to put together a weekly outlook for the broad market but struggled to find anything new worth mentioning. The broad market (S&P 500) closed the week right around the mid-point of the 2.8 month trading range and with such tight, sideways price action, the price & momentum oscillators & indicators [...]
Over 90% of the biggest US companies report will report their quarterly earnings this week in what is expected to be the fourth consecutive quarter of declining profits. While I've spend the better part of the day scanning for new trade setups, it would only be prudent to hold off entering any new positions, especially [...]
The US equity markets are now challenging major resistance defined by the very technically significant Dec 31/Jan 4th gaps. This video starts with an overview of the longer-term technical outlook for US equities followed by an in-depth look at the daily & intraday charts, including key technical levels and developments.
As this video for the near-term & longer-term outlook for the US equity markets is quite lengthy, here's a brief summary of what was discussed: The video begins with a discussion of various trend indicators used to define by the long-term (primary) trend, which remains clearly bearish at this time, as well as the shorter-term [...]
This video is focused mainly on the near-term outlook for the US equity markets, briefly touching on the intermediate & longer-term outlook towards the end of the video. Some near-term price targets, support & resistance levels, as well as a couple of likely scenarios are included. In a nutshell, I remain cautiously bullish, expecting more [...]
The two videos below may help to determine if we are at the Return to "normal" phase of a new bear market: SPX vs market phases Oct 24th