Tradable Rally For Stocks In Sight

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

US equities surprisingly were surprised by Powell’s hawkish message on Wednesday. He seems very determined to bring inflation down no matter what the cost to jobs and the economy. This will have repercussions for earnings, which then will reverberate through … Continued

After 17-Session, 14% Jump, S&P 500 Frothy

posted in: Equities, Technicals | 0

Bulls are snorting – again.  From the Boxing day bottom, the S&P 500 is up 14 percent.  Last week, it recaptured 2630 as well as the 50-day.  While healthy, the rally has come too far, too fast. Equity bulls deserve … Continued

Lot Riding On 2H, Those Lofty Earnings Estimates Better Come Through

posted in: Economy, Equities, Technicals | 0

U.S. stocks have done phenomenally well since the February lows.  In less than six months through the intra-day high yesterday, the S&P 500 large cap index has rallied north of 20 percent, the Nasdaq 100 index 22.5 percent, and the … Continued

Decent Odds Of Rally Near-Term So Long As S&P 500 Does Not Lose 2040

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

Equity bulls are putting down their foot, and have near-term momentum on their side so long as 2040 on the S&P 500 is not lost. Off the April 20th high through last Thursday’s intra-day low, the S&P 500 lost four … Continued

S&P 500’s Rejection At May 2015 Downtrend Line Important Development

The S&P 500 large cap index lost 1.3 percent last week.  Intra-day, off the April 20th high through last Friday’s low, it is now down 2.8 percent.  The index retreated after unsuccessfully trying to break out of a declining trend … Continued

S&P 500 Caught Between Squeeze Fuel Running Dry And Imminent Golden Cross

With five sessions to go in April, the Nasdaq 100 index (4474.19) is down 0.2 percent, while the Russell 2000 small cap index (1146.69) is up 2.9 percent.  Last week made a big difference, as the former was down 1.5 … Continued