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S&P 500 Sector Analysis (charts & video)

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. (source: S&P Dow Jones [...]

Jun 14, 2017 1:54pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , |0 Comments

SPY, QQQ & IWM Analysis

After hitting & bouncing off the first target yesterday, IWM went on to close back on that target/support level & gapped down below it today. Support, once broken, becomes resistance. As such, any backtest (or near-backtest) of the 139 level will offer the next objective short entry or add-on. Previous & updated 10-minute charts: [...]

Jun 6, 2017 10:38am|Categories: Equity Market Analysis|Tags: , , , , , |2 Comments

SPY Breaks Down From Trading Range

After 3 trading sessions of an extremely tight sideways trading range, the market (SPY) has finally made a definitive break out to the downside. With the SPY at gap support now, I'd expect a reaction here followed by more downside to at least the 240.25ish level. 10-minute period chart: SPY 10-min May 31st

May 31, 2017 10:19am|Categories: Equity Market Analysis|Tags: , |2 Comments