After 2 Weeks Of Indecision, Bulls Defend Trendline Support From Last Oct On S&P 500

posted in: Credit, Equities, Technicals | 0

Equity bears came up short last week, unable to take benefit of an opportunity to put the bulls on the defensive. Momentum remains with the bulls. With the S&P 500 having already rallied 28 percent from last October’s low, several … Continued

‘Risk-On’ Rally In S&P 500, Or Nasdaq 100, Without Willingness To Take On Leverage Probably Unsustainable

posted in: Credit, Economy, Equities, Technicals | 0

January saw margin debt only inch up, even as the S&P 500 rallied 1.6 percent. This divergence, should it continue in the months ahead, could end up helping equity bears more than the bulls. The S&P 500 opened 2024 with … Continued

S&P 500 Posts New High, More Gains Likely Near Term; Mid- To Long-Term, Up To If Recent +VE Trends In Margin Debt And Flows Continue

posted in: Credit, Equities, Technicals | 0

The S&P 500 last week joined its peers to break out to new highs. More gains are likely in the near term. Mid-to long-term prospects are dependent on if the recent improvement seen in margin debt and equity flows persists. … Continued

With Tech Majors Ready To Report, Up To Tech Bulls To Try To Stop Equity Bears Who Made Further Strides Last Week

posted in: Credit, Equities, Technicals | 0

Equity bears attacked where they could potentially have last week. With technicals in their favor, they will try to make further gains this week. It is up to the tech bulls to stop that from happening. Major tech outfits are … Continued

Margin Debt And Buybacks Not In Full Cooperation Mid- To Long-Term; Near-Term, Bulls Just Wasted Opportunity To Put Foot Down

posted in: Credit, Economy, Equities, Technicals | 0

Near-term, equity bulls may just have wasted an opportunity to put their foot down. Mid- to long-term, both margin debt and share buybacks are no longer a potent tailwind as they once were. FINRA margin debt dropped 2.9 percent month-over-month … Continued

S&P 500 Declines 5.9% From July High Before Bids Show Up Last Fri At 4320s Breakout Retest – Relief Rally Ahead

posted in: Credit, Derivatives, Equities, Technicals | 0

From its July 27 high through last Friday’s low, the S&P 500 quickly shed 5.9 percent. A relief rally looks imminent as equity bulls are not in a mood to let go breakout retest at 4320s. Not now anyway. Mid-to … Continued

Heavyweights MSFT And AAPL Last Week Rallied To New Highs But Only To Then Reverse Lower – Potentially Ominous Ahead Of Earnings

posted in: Credit, Equities, Technicals | 0

Several leading stocks such as MSFT and AAPL posted new highs last week and then reversed lower. This took place just ahead of 2Q earnings results and indices such as the Nasdaq 100 and the S&P 500 have had massive … Continued

Amidst Leading Large-Caps And Lagging Small-Caps, Former At Top Of 8-Month Channel

posted in: Equities, Technicals | 0

The dichotomy between large- and small-caps continues – the former at 14-month high and the latter stuck in an 18-month range. That said, the S&P 500 has reached a potentially crucial resistance. Buybacks have been providing a nice tailwind. Margin … Continued