With sell-side optimism around 2026 earnings at a record high, major US equity indices are not too far away from their respective record highs. At the same time, after seven up months in succession, potentially bearish monthly candles have appeared … Continued
S&P 500 buybacks hit a new high in the 12 months to September. Buybacks, along with earnings and margin debt, have been key pillars of support in this bull market. Failure to live up to expectations by even one variable … Continued
The major US equity indices came under decent pressure last week, although bids showed up Friday near the 50-day moving average. Buyers otherwise were missing in action overlooking the much-better-than-expected 3Q25 earnings season. Between the October 29th all-time high of … Continued
Going into last week, investors were keenly focused on a couple of things: FOMC meeting and Big Tech earnings. Benchmark interest rates were lowered on Wednesday, but there was no commitment to do so again in December. And, with 5 … Continued
Last week was yet another week in which equity bears were unable to convert potentially bearish signals into opportunities. Bulls have now rallied the S&P 500 within striking distance of the high from two weeks ago and are sitting pretty … Continued
Rallying unrelentingly post-April lows, the major US equity indices nevertheless were only trudging higher in the last several weeks, with several potentially bearish candles on the weekly, which, however, went unconfirmed. Last week produced another. Will the bears manage to … Continued
Overbought equities took it on the chin last week, with the S&P 500 producing a bearish candle on the weekly. But before the bears could hang their hat on this, the ratio of VIX to VXV may not fully cooperate … Continued
A doji or a long-legged doji formed on all the major equity indices last week. With the June-quarter earnings beginning in earnest this week, the reporting companies are looking at a lower hurdle, thanks to a persistent downward revision in … Continued
Amid tariff uncertainty and its possibly adverse implications for inflation and corporate earnings, the major US equity indices, after massive rallies post-April lows, are witnessing sellers come out at/near resistance. US consumers are preparing themselves for a jump in inflation … Continued
After massive rallies off the early-April lows, the major US equity indices are bumping against potentially crucial resistance. Pre-opening, futures are strong, reacting to the agreement between the US and China to slash tariffs; small-cap reaction will be a big … Continued